Measured Wealth Private Client Group LLC Raises Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Measured Wealth Private Client Group LLC grew its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 5.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,886 shares of the asset manager’s stock after acquiring an additional 1,168 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Artisan Partners Asset Management were worth $1,011,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in APAM. Allworth Financial LP boosted its holdings in Artisan Partners Asset Management by 716.0% during the fourth quarter. Allworth Financial LP now owns 612 shares of the asset manager’s stock worth $27,000 after buying an additional 537 shares in the last quarter. McGlone Suttner Wealth Management Inc. purchased a new stake in Artisan Partners Asset Management during the fourth quarter worth about $37,000. Private Trust Co. NA boosted its holdings in Artisan Partners Asset Management by 77.9% during the fourth quarter. Private Trust Co. NA now owns 1,192 shares of the asset manager’s stock worth $53,000 after buying an additional 522 shares in the last quarter. Sound Income Strategies LLC raised its position in Artisan Partners Asset Management by 1,139.3% during the fourth quarter. Sound Income Strategies LLC now owns 1,735 shares of the asset manager’s stock worth $77,000 after acquiring an additional 1,595 shares during the last quarter. Finally, NBC Securities Inc. acquired a new position in shares of Artisan Partners Asset Management in the third quarter worth $88,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Trading Up 0.9 %

Shares of NYSE APAM traded up $0.36 on Friday, reaching $42.29. 402,586 shares of the company traded hands, compared to its average volume of 430,825. The stock has a market capitalization of $3.38 billion, a PE ratio of 12.89 and a beta of 1.85. Artisan Partners Asset Management Inc. has a fifty-two week low of $31.27 and a fifty-two week high of $46.75. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average of $43.63 and a 200 day moving average of $41.25.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.76 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.03). The company had revenue of $264.40 million for the quarter, compared to analyst estimates of $270.90 million. Artisan Partners Asset Management had a return on equity of 72.77% and a net margin of 22.99%. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period last year, the company posted $0.64 EPS. On average, equities research analysts forecast that Artisan Partners Asset Management Inc. will post 3.38 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date of this dividend is Thursday, May 16th. Artisan Partners Asset Management’s payout ratio is currently 82.93%.

Insider Buying and Selling at Artisan Partners Asset Management

In related news, EVP Gregory K. Ramirez sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $42.28, for a total transaction of $105,700.00. Following the completion of the sale, the executive vice president now owns 83,335 shares of the company’s stock, valued at approximately $3,523,403.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 18.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Sunday, March 17th.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.