Raymond James Financial Services Advisors Inc. Sells 1,678 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Raymond James Financial Services Advisors Inc. decreased its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 26.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,583 shares of the asset manager’s stock after selling 1,678 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Artisan Partners Asset Management were worth $202,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Dana Investment Advisors Inc. lifted its stake in Artisan Partners Asset Management by 0.5% in the 3rd quarter. Dana Investment Advisors Inc. now owns 58,095 shares of the asset manager’s stock valued at $2,174,000 after acquiring an additional 300 shares in the last quarter. Commonwealth Equity Services LLC lifted its stake in Artisan Partners Asset Management by 5.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 8,097 shares of the asset manager’s stock valued at $303,000 after acquiring an additional 397 shares in the last quarter. Arizona State Retirement System lifted its stake in Artisan Partners Asset Management by 2.1% in the 3rd quarter. Arizona State Retirement System now owns 19,491 shares of the asset manager’s stock valued at $729,000 after acquiring an additional 406 shares in the last quarter. RDA Financial Network lifted its stake in Artisan Partners Asset Management by 5.2% in the 3rd quarter. RDA Financial Network now owns 8,305 shares of the asset manager’s stock valued at $311,000 after acquiring an additional 411 shares in the last quarter. Finally, Operose Advisors LLC lifted its stake in Artisan Partners Asset Management by 0.8% in the 3rd quarter. Operose Advisors LLC now owns 54,783 shares of the asset manager’s stock valued at $2,050,000 after acquiring an additional 418 shares in the last quarter. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Trading Down 2.8 %

Shares of Artisan Partners Asset Management stock opened at $42.20 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.57. The stock has a market cap of $3.37 billion, a P/E ratio of 13.35 and a beta of 1.85. Artisan Partners Asset Management Inc. has a 12-month low of $31.27 and a 12-month high of $46.75. The business’s 50 day moving average is $43.70 and its 200-day moving average is $41.00.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Wednesday, April 24th. The asset manager reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). The business 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 73.85% and a net margin of 22.80%. The firm’s revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 earnings per share. Equities research analysts predict that Artisan Partners Asset Management Inc. will post 3.38 earnings per share for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The firm also recently announced a None dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were issued a dividend of $1.02 per share. The ex-dividend date was Wednesday, February 14th. This is a positive change from Artisan Partners Asset Management’s previous None dividend of $0.65. This represents a dividend yield of 5.5%. Artisan Partners Asset Management’s payout ratio is presently 86.08%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on APAM. TD Cowen began coverage on Artisan Partners Asset Management in a research note on Thursday, January 4th. They set a “market perform” rating and a $41.00 price objective on the stock. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Sunday, March 17th.

Artisan Partners Asset Management Company Profile

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.