Pineridge Advisors LLC Makes New Investment in Artisan Partners Asset Management Inc. (NYSE:APAM)

Pineridge Advisors LLC acquired a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,087 shares of the asset manager’s stock, valued at approximately $48,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in APAM. AlphaMark Advisors LLC boosted its position in shares of Artisan Partners Asset Management by 4.0% in the fourth quarter. AlphaMark Advisors LLC now owns 6,736 shares of the asset manager’s stock valued at $298,000 after acquiring an additional 261 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Artisan Partners Asset Management by 70.3% in the fourth quarter. Quadrant Capital Group LLC now owns 642 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 265 shares during the period. Dana Investment Advisors Inc. boosted its position in shares of Artisan Partners Asset Management by 0.5% in the third 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 during the period. Operose Advisors LLC boosted its position in shares of Artisan Partners Asset Management by 0.8% in the third 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 during the period. Finally, Private Trust Co. NA boosted its position in shares of Artisan Partners Asset Management by 77.9% in the fourth quarter. Private Trust Co. NA now owns 1,192 shares of the asset manager’s stock valued at $53,000 after acquiring an additional 522 shares during the period. 86.45% of the stock is owned by institutional investors.

Artisan Partners Asset Management Price Performance

NYSE APAM traded down $0.25 during trading on Friday, hitting $39.80. 397,430 shares of the company’s stock were exchanged, compared to its average volume of 341,770. 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 market cap of $3.20 billion, a PE ratio of 12.13 and a beta of 1.84. Artisan Partners Asset Management Inc. has a fifty-two week low of $32.12 and a fifty-two week high of $46.75. The stock’s 50 day moving average price is $43.43 and its two-hundred day moving average price is $43.00.

Artisan Partners Asset Management (NYSE:APAM) last issued its 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). Artisan Partners Asset Management had a return on equity of 72.77% and a net margin of 22.99%. The business had revenue of $264.40 million for the quarter, compared to analyst estimates of $270.90 million. During the same period in the previous year, the firm posted $0.64 EPS. The firm’s revenue was up 12.8% compared to the same quarter last year. Research analysts expect that Artisan Partners Asset Management Inc. will post 3.41 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were paid a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 6.13%. The ex-dividend date of this dividend was Thursday, May 16th. Artisan Partners Asset Management’s dividend payout ratio is currently 74.39%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research 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.