Maryland State Retirement & Pension System Sells 331 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Maryland State Retirement & Pension System trimmed its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,888 shares of the asset manager’s stock after selling 331 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Artisan Partners Asset Management were worth $1,100,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP increased its holdings in Artisan Partners Asset Management by 716.0% in the fourth quarter. Allworth Financial LP now owns 612 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 537 shares during the period. McGlone Suttner Wealth Management Inc. bought a new position in shares of Artisan Partners Asset Management during the fourth quarter worth about $37,000. Private Trust Co. NA raised its position in shares of 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 acquiring an additional 522 shares during the last quarter. Sound Income Strategies LLC lifted its stake in shares of Artisan Partners Asset Management by 1,139.3% in 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 period. Finally, NBC Securities Inc. bought a new stake in Artisan Partners Asset Management in the third quarter valued at approximately $88,000. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Price Performance

Artisan Partners Asset Management stock opened at $43.83 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.64 and a current ratio of 0.64. Artisan Partners Asset Management Inc. has a 52-week low of $31.41 and a 52-week high of $46.75. The stock’s 50 day moving average price is $43.71 and its two-hundred day moving average price is $41.48. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 13.36 and a beta of 1.85.

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

Artisan Partners Asset Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be paid a $0.61 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.44 dividend on an annualized basis and a yield of 5.57%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 74.39%.

Wall Street Analysts Forecast Growth

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