113,145 Shares in Artisan Partners Asset Management Inc. (NYSE:APAM) Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 113,145 shares of the asset manager's stock, valued at approximately $4,871,000. Susquehanna Fundamental Investments LLC owned approximately 0.14% of Artisan Partners Asset Management at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its position in shares of Artisan Partners Asset Management by 4.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,838 shares of the asset manager's stock worth $208,000 after acquiring an additional 226 shares in the last quarter. Larson Financial Group LLC increased its stake in Artisan Partners Asset Management by 82.7% in the fourth quarter. Larson Financial Group LLC now owns 581 shares of the asset manager's stock valued at $25,000 after purchasing an additional 263 shares during the last quarter. Stifel Financial Corp raised its holdings in Artisan Partners Asset Management by 0.3% during the fourth quarter. Stifel Financial Corp now owns 120,023 shares of the asset manager's stock worth $5,167,000 after purchasing an additional 319 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Artisan Partners Asset Management by 110.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager's stock worth $27,000 after buying an additional 330 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Artisan Partners Asset Management by 31.0% in the 4th quarter. GAMMA Investing LLC now owns 1,478 shares of the asset manager's stock valued at $64,000 after buying an additional 350 shares in the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. Royal Bank of Canada reduced their target price on Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. TD Cowen dropped their price target on Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Finally, Evercore ISI reduced their price objective on Artisan Partners Asset Management from $40.00 to $33.00 and set an "in-line" rating for the company in a research note on Friday, April 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Artisan Partners Asset Management presently has an average rating of "Hold" and a consensus target price of $39.63.

Artisan Partners Asset Management Stock Up 0.5 %

Artisan Partners Asset Management stock opened at $37.24 on Tuesday. The stock has a 50 day moving average of $38.86 and a two-hundred day moving average of $42.94. Artisan Partners Asset Management Inc. has a twelve month low of $32.75 and a twelve month high of $49.54. The stock has a market capitalization of $2.99 billion, a price-to-earnings ratio of 10.23 and a beta of 1.80. The company has a current ratio of 0.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.08. Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%. As a group, research analysts expect that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management's payout ratio is 92.31%.

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.

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