Arrowstreet Capital Limited Partnership Increases Stake in Artisan Partners Asset Management Inc. (NYSE:APAM)

Arrowstreet Capital Limited Partnership increased its stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 764.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,336 shares of the asset manager's stock after purchasing an additional 48,049 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.07% of Artisan Partners Asset Management worth $2,339,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in APAM. Larson Financial Group LLC lifted its holdings in shares of 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 worth $25,000 after buying an additional 263 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Artisan Partners Asset Management by 110.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager's stock valued at $27,000 after purchasing an additional 330 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Artisan Partners Asset Management by 166.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager's stock valued at $44,000 after purchasing an additional 642 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Artisan Partners Asset Management in the fourth quarter worth $57,000. Finally, R Squared Ltd purchased a new position in Artisan Partners Asset Management during the fourth quarter worth about $62,000. 86.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on APAM shares. Evercore ISI cut 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 report on Friday. TD Cowen cut their target price on Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Royal Bank of Canada decreased their price target on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Finally, StockNews.com downgraded shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Artisan Partners Asset Management has an average rating of "Hold" and a consensus price target of $39.63.

Artisan Partners Asset Management Trading Up 1.2 %

Shares of NYSE APAM traded up $0.42 during mid-day trading on Tuesday, hitting $36.10. The stock had a trading volume of 54,068 shares, compared to its average volume of 458,686. The business has a 50 day moving average price of $40.57 and a two-hundred day moving average price of $43.42. Artisan Partners Asset Management Inc. has a 1 year low of $32.75 and a 1 year high of $49.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56. The firm has a market cap of $2.90 billion, a P/E ratio of 9.91 and a beta of 1.80.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, beating the consensus estimate of $0.97 by $0.08. Artisan Partners Asset Management had a net margin of 23.36% and a return on equity of 74.02%. On average, equities analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.54%. Artisan Partners Asset Management's dividend payout ratio is currently 92.31%.

Artisan Partners Asset Management 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.