Centiva Capital LP Reduces Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Centiva Capital LP reduced its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 62.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,164 shares of the asset manager's stock after selling 12,041 shares during the period. Centiva Capital LP's holdings in Artisan Partners Asset Management were worth $308,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of APAM. Barclays PLC raised its position in Artisan Partners Asset Management by 0.6% during the third quarter. Barclays PLC now owns 430,422 shares of the asset manager's stock worth $18,646,000 after acquiring an additional 2,455 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Artisan Partners Asset Management by 7.0% during the third quarter. Franklin Resources Inc. now owns 47,799 shares of the asset manager's stock worth $2,120,000 after buying an additional 3,147 shares in the last quarter. GAMMA Investing LLC grew its holdings in Artisan Partners Asset Management by 31.0% in the fourth quarter. GAMMA Investing LLC now owns 1,478 shares of the asset manager's stock valued at $64,000 after purchasing an additional 350 shares during the period. Matrix Trust Co grew its holdings in Artisan Partners Asset Management by 679.1% in the fourth quarter. Matrix Trust Co now owns 5,446 shares of the asset manager's stock valued at $234,000 after purchasing an additional 4,747 shares during the period. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in Artisan Partners Asset Management by 12.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 49,262 shares of the asset manager's stock valued at $2,121,000 after purchasing an additional 5,293 shares during the period. 86.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on APAM shares. TD Cowen reduced their price target on shares of Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. StockNews.com cut shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. TD Securities upped their price target on shares of Artisan Partners Asset Management from $35.00 to $39.00 and gave the company a "hold" rating in a report on Thursday, May 1st. Royal Bank of Canada increased their target price on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Finally, Evercore ISI lowered their price target on shares of Artisan Partners Asset Management from $33.00 to $32.00 and set an "in-line" rating for the company in a research report on Thursday, May 1st. One equities 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $37.90.

Artisan Partners Asset Management Stock Performance

NYSE:APAM opened at $42.69 on Tuesday. 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 cap of $3.43 billion, a price-to-earnings ratio of 11.73 and a beta of 1.68. The company has a 50-day moving average of $38.39 and a 200-day moving average of $42.59.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The asset manager reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.07. Artisan Partners Asset Management had a net margin of 23.36% and a return on equity of 74.02%. The business had revenue of $277.10 million during the quarter, compared to analyst estimates of $281.15 million. During the same period in the prior year, the firm earned $0.76 earnings per share. The firm's revenue was up 4.8% compared to the same quarter last year. Analysts forecast 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 declared 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. The ex-dividend date is Friday, May 16th. This represents a $2.72 annualized dividend and a yield of 6.37%. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 75.14%.

Artisan Partners Asset Management Company 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.

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