Brevan Howard Capital Management LP Purchases 7,791 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Brevan Howard Capital Management LP lifted its stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 148.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,048 shares of the asset manager's stock after acquiring an additional 7,791 shares during the period. Brevan Howard Capital Management LP's holdings in Artisan Partners Asset Management were worth $562,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in APAM. Vanguard Group Inc. increased 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 purchasing an additional 78,979 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Artisan Partners Asset Management by 4.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,772,632 shares of the asset manager's stock worth $119,362,000 after buying an additional 128,717 shares in the last quarter. Geode Capital Management LLC lifted its position in Artisan Partners Asset Management by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 1,813,598 shares of the asset manager's stock worth $78,092,000 after buying an additional 38,284 shares in the last quarter. Channing Capital Management LLC lifted its holdings in shares of Artisan Partners Asset Management by 14.5% during the 4th quarter. Channing Capital Management LLC now owns 1,770,526 shares of the asset manager's stock valued at $76,221,000 after buying an additional 224,455 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Artisan Partners Asset Management by 3.7% during the 4th 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 purchasing an additional 56,190 shares in the last quarter. 86.45% of the stock is owned by institutional investors and hedge funds.

Artisan Partners Asset Management Stock Performance

Artisan Partners Asset Management stock traded up $0.55 during mid-day trading on Tuesday, reaching $43.26. The company had a trading volume of 374,640 shares, compared to its average volume of 478,703. The company has a 50 day moving average of $38.39 and a 200-day moving average of $42.59. Artisan Partners Asset Management Inc. has a 52 week low of $32.75 and a 52 week high of $49.54. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 11.88 and a beta of 1.68.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its earnings results on Tuesday, April 29th. The asset manager reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.07. The business had revenue of $277.10 million for the quarter, compared to the consensus estimate of $281.15 million. Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the business earned $0.76 earnings per share. On average, sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a $0.68 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.72 dividend on an annualized basis and a yield of 6.29%. Artisan Partners Asset Management's payout ratio is currently 75.14%.

Analysts Set New Price Targets

APAM has been the topic of a number of recent research reports. Evercore ISI cut their price target on shares of Artisan Partners Asset Management from $33.00 to $32.00 and set an "in-line" rating on the stock in a report on Thursday, May 1st. TD Securities lifted their target price on shares of Artisan Partners Asset Management from $35.00 to $39.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. StockNews.com downgraded Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. TD Cowen dropped their price objective 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, Royal Bank of Canada increased their target price 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $37.90.

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.