Gregory K. Ramirez Sells 2,500 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) Stock

Artisan Partners Asset Management Inc. (NYSE:APAMGet Free Report) EVP Gregory K. Ramirez sold 2,500 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $42.28, for a total value of $105,700.00. Following the transaction, the executive vice president now directly owns 83,335 shares in the company, valued at approximately $3,523,403.80. The transaction was disclosed in a filing with the SEC, which is available at this link.

Artisan Partners Asset Management Price Performance

APAM stock opened at $42.86 on Monday. Artisan Partners Asset Management Inc. has a 1 year low of $28.98 and a 1 year high of $45.92. The firm has a market capitalization of $3.43 billion, a P/E ratio of 13.56 and a beta of 1.88. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.49 and a quick ratio of 0.65. The business’s 50-day moving average is $42.49 and its two-hundred day moving average is $38.84.

Artisan Partners Asset Management (NYSE:APAMGet Free Report) last released its quarterly earnings data on Wednesday, January 31st. The asset manager reported $0.78 EPS for the quarter, meeting analysts’ consensus estimates of $0.78. Artisan Partners Asset Management had a return on equity of 73.84% and a net margin of 22.80%. The business had revenue of $249.00 million for the quarter, compared to the consensus estimate of $249.90 million. During the same quarter in the prior year, the business posted $0.65 EPS. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. Analysts anticipate that Artisan Partners Asset Management Inc. will post 3.13 earnings per share for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The company also recently declared a None dividend, which will be paid on Thursday, February 29th. Investors of record on Thursday, February 15th will be paid a dividend of $1.02 per share. This represents a yield of 5.5%. The ex-dividend date is Wednesday, February 14th. This is an increase from Artisan Partners Asset Management’s previous None dividend of $0.65. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 82.28%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on APAM shares. TD Cowen started coverage on Artisan Partners Asset Management in a research report on Thursday, January 4th. They issued a “market perform” rating and a $41.00 price target on the stock. TheStreet raised Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research report on Wednesday, November 22nd. Finally, StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $37.67.

View Our Latest Stock Analysis on Artisan Partners Asset Management

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. lifted its position in Artisan Partners Asset Management by 26.1% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 27,715 shares of the asset manager’s stock worth $1,091,000 after acquiring an additional 5,731 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Artisan Partners Asset Management by 3.0% in the 1st quarter. Bank of New York Mellon Corp now owns 832,958 shares of the asset manager’s stock valued at $32,777,000 after buying an additional 24,651 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Artisan Partners Asset Management by 19.9% in the 1st quarter. HighTower Advisors LLC now owns 22,175 shares of the asset manager’s stock valued at $874,000 after buying an additional 3,673 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Artisan Partners Asset Management in the 1st quarter valued at approximately $256,000. Finally, Citigroup Inc. lifted its holdings in shares of Artisan Partners Asset Management by 134.5% in the 1st quarter. Citigroup Inc. now owns 41,939 shares of the asset manager’s stock valued at $1,650,000 after buying an additional 24,053 shares during the period. Hedge funds and other institutional investors own 89.45% of the company’s stock.

Artisan Partners Asset Management Company Profile

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Artisan Partners Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artisan Partners Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.