Centiva Capital LP Has $308,000 Stock Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

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

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bessemer Group Inc. boosted its position in Artisan Partners Asset Management by 208.6% during the fourth quarter. Bessemer Group Inc. now owns 574 shares of the asset manager's stock valued at $25,000 after buying an additional 388 shares during the period. Larson Financial Group LLC lifted its holdings in 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 during the period. EverSource Wealth Advisors LLC increased its stake in shares of Artisan Partners Asset Management by 110.7% during the fourth 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 in the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Artisan Partners Asset Management by 166.8% during the fourth 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. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Artisan Partners Asset Management during the fourth quarter valued at approximately $57,000. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Trading Down 1.8%

Shares of Artisan Partners Asset Management stock traded down $0.81 during mid-day trading on Friday, hitting $43.51. 638,684 shares of the stock were exchanged, compared to its average volume of 483,060. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 11.95 and a beta of 1.68. Artisan Partners Asset Management Inc. has a twelve month low of $32.75 and a twelve month high of $49.54. The company has a current ratio of 0.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $38.53 and a 200 day simple moving average of $42.58.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The asset manager reported $0.83 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 firm had revenue of $277.10 million during the quarter, compared to the consensus estimate of $281.15 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The firm's revenue was up 4.8% on a year-over-year basis. Research analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.72 annualized dividend and a yield of 6.25%. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 75.14%.

Analyst Upgrades and Downgrades

APAM has been the topic of several research reports. 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 Cowen reduced their target price on shares of Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. TD Securities boosted 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. Evercore ISI lowered their price objective 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. Finally, Royal Bank of Canada boosted their price objective on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $37.90.

Insider Activity at Artisan Partners Asset Management

In other news, EVP Samuel Bentson Sellers sold 6,801 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $44.24, for a total transaction of $300,876.24. Following the sale, the executive vice president now owns 40,529 shares in the company, valued at approximately $1,793,002.96. This represents a 14.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 12.98% of the stock is currently owned by company insiders.

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.