Dark Forest Capital Management LP increased its stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 648.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,534 shares of the asset manager's stock after purchasing an additional 32,518 shares during the quarter. Dark Forest Capital Management LP's holdings in Artisan Partners Asset Management were worth $1,616,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bessemer Group Inc. grew its holdings in shares of Artisan Partners Asset Management by 208.6% during the fourth quarter. Bessemer Group Inc. now owns 574 shares of the asset manager's stock worth $25,000 after purchasing an additional 388 shares in the last quarter. Larson Financial Group LLC grew its stake in Artisan Partners Asset Management by 82.7% in the 4th 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 grew its stake 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 worth $27,000 after buying an additional 330 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Artisan Partners Asset Management by 166.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager's stock worth $44,000 after buying an additional 642 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Artisan Partners Asset Management during the 4th quarter worth $57,000. 86.45% of the stock is currently owned by institutional investors.
Artisan Partners Asset Management Trading Down 0.5 %
Artisan Partners Asset Management stock traded down $0.18 during trading hours on Monday, reaching $36.87. The company had a trading volume of 186,437 shares, compared to its average volume of 556,306. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73. Artisan Partners Asset Management Inc. has a 12-month low of $32.75 and a 12-month high of $49.54. The company has a 50-day moving average price of $39.00 and a 200 day moving average price of $42.99. The firm has a market cap of $2.96 billion, a price-to-earnings ratio of 10.13 and a beta of 1.80.
Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued its earnings results on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, topping 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%. Equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management's dividend payout ratio (DPR) is 92.31%.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the company. TD Cowen cut their price objective on Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. StockNews.com cut shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Royal Bank of Canada lowered their price objective on shares of 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. Finally, Evercore ISI cut their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $39.63.
Check Out Our Latest Analysis on Artisan Partners Asset Management
About Artisan Partners Asset Management
(
Free Report)
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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