Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Acquired by Algert Global LLC

Algert Global LLC lifted its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 91.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,293 shares of the asset manager's stock after purchasing an additional 6,346 shares during the quarter. Algert Global LLC's holdings in Artisan Partners Asset Management were worth $572,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Artisan Partners Asset Management by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 8,097,132 shares of the asset manager's stock worth $348,582,000 after acquiring an additional 78,979 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Artisan Partners Asset Management by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,772,632 shares of the asset manager's stock valued at $119,362,000 after purchasing an additional 128,717 shares during the period. Geode Capital Management LLC raised its stake in shares of Artisan Partners Asset Management by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 1,813,598 shares of the asset manager's stock worth $78,092,000 after purchasing an additional 38,284 shares during the last quarter. Channing Capital Management LLC lifted its holdings in shares of Artisan Partners Asset Management by 14.5% during the fourth quarter. Channing Capital Management LLC now owns 1,770,526 shares of the asset manager's stock worth $76,221,000 after purchasing an additional 224,455 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its position in Artisan Partners Asset Management by 3.7% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,589,586 shares of the asset manager's stock valued at $68,432,000 after buying an additional 56,190 shares during the last quarter. Institutional investors and hedge funds own 86.45% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on APAM. TD Cowen cut their price objective on shares of 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. Royal Bank of Canada lifted their price objective on Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an "outperform" rating in a research note on Tuesday, May 6th. Evercore ISI lowered their target price on Artisan Partners Asset Management from $33.00 to $32.00 and set an "in-line" rating on the stock in a research note on Thursday, May 1st. StockNews.com cut Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Finally, TD Securities upped their price objective on Artisan Partners Asset Management from $35.00 to $39.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $37.90.

Artisan Partners Asset Management Price Performance

Shares of Artisan Partners Asset Management stock traded up $0.71 during trading hours on Wednesday, reaching $44.01. The stock had a trading volume of 586,979 shares, compared to its average volume of 479,134. The stock's 50 day moving average is $38.41 and its 200 day moving average is $42.60. 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 Inc. has a twelve month low of $32.75 and a twelve month high of $49.54. The firm has a market capitalization of $3.53 billion, a PE ratio of 12.09 and a beta of 1.68.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its earnings results on Tuesday, April 29th. The asset manager reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.07. Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%. The business had revenue of $277.10 million during the quarter, compared to the consensus estimate of $281.15 million. During the same period in the prior year, the company posted $0.76 EPS. The business's quarterly revenue was up 4.8% on a year-over-year basis. Equities analysts expect that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 6.18%. The ex-dividend date is Friday, May 16th. Artisan Partners Asset Management's payout ratio is 75.14%.

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.