Rockefeller Capital Management L.P. Sells 18,525 Shares of Artisan Partners Asset Management Inc. $APAM

Rockefeller Capital Management L.P. lowered its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 28.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,209 shares of the asset manager’s stock after selling 18,525 shares during the period. Rockefeller Capital Management L.P.’s holdings in Artisan Partners Asset Management were worth $1,883,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in APAM. WealthCollab LLC lifted its stake in Artisan Partners Asset Management by 17.0% in the second quarter. WealthCollab LLC now owns 1,700 shares of the asset manager’s stock valued at $75,000 after acquiring an additional 247 shares during the last quarter. WINTON GROUP Ltd lifted its stake in shares of Artisan Partners Asset Management by 0.9% in the 4th quarter. WINTON GROUP Ltd now owns 29,793 shares of the asset manager’s stock valued at $1,214,000 after purchasing an additional 269 shares during the last quarter. Provident Investment Management Inc. boosted its holdings in Artisan Partners Asset Management by 1.2% in the third quarter. Provident Investment Management Inc. now owns 22,295 shares of the asset manager’s stock worth $968,000 after purchasing an additional 275 shares in the last quarter. IFP Advisors Inc boosted its holdings in Artisan Partners Asset Management by 45.8% in the third quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock worth $41,000 after purchasing an additional 300 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in Artisan Partners Asset Management by 0.5% during the second quarter. California State Teachers Retirement System now owns 64,112 shares of the asset manager’s stock worth $2,842,000 after buying an additional 317 shares during the last quarter. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Performance

NYSE:APAM opened at $34.55 on Wednesday. The firm has a market capitalization of $2.78 billion, a PE ratio of 8.75 and a beta of 1.67. Artisan Partners Asset Management Inc. has a 1 year low of $34.37 and a 1 year high of $48.50. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. The firm’s fifty day simple moving average is $36.74 and its 200 day simple moving average is $39.16.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). The firm had revenue of $303.01 million for the quarter, compared to the consensus estimate of $304.01 million. Artisan Partners Asset Management had a net margin of 23.49% and a return on equity of 72.99%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company earned $0.83 earnings per share. On average, sell-side analysts anticipate that Artisan Partners Asset Management Inc. will post 3.93 EPS for the current year.

Artisan Partners Asset Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 29th. Investors of record on Friday, May 15th were paid a dividend of $0.77 per share. The ex-dividend date was Friday, May 15th. This represents a $3.08 annualized dividend and a yield of 8.9%. Artisan Partners Asset Management’s dividend payout ratio is presently 77.97%.

Analysts Set New Price Targets

APAM has been the topic of several recent research reports. Weiss Ratings lowered Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 20th. Evercore set a $39.00 price objective on Artisan Partners Asset Management in a report on Monday, June 8th. TD Cowen reissued a “hold” rating on shares of Artisan Partners Asset Management in a report on Thursday, April 9th. Royal Bank Of Canada cut their price objective on Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. Finally, Zacks Research upgraded Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Artisan Partners Asset Management presently has an average rating of “Hold” and an average price target of $39.75.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.