Dimensional Fund Advisors LP Reduces Stock Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Dimensional Fund Advisors LP lowered its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 0.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,625,781 shares of the asset manager's stock after selling 10,342 shares during the period. Dimensional Fund Advisors LP owned about 2.02% of Artisan Partners Asset Management worth $69,991,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. lifted its holdings in Artisan Partners Asset Management by 208.6% in the 4th quarter. Bessemer Group Inc. now owns 574 shares of the asset manager's stock worth $25,000 after buying an additional 388 shares during the period. Larson Financial Group LLC lifted its stake 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 acquiring an additional 263 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Artisan Partners Asset Management by 110.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager's stock valued at $27,000 after acquiring an additional 330 shares in the last quarter. Smartleaf Asset Management LLC increased its position in 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 during the period. Finally, SBI Securities Co. Ltd. purchased a new position in Artisan Partners Asset Management during the 4th quarter valued at $57,000. Hedge funds and other institutional investors own 86.45% of the company's stock.

Artisan Partners Asset Management Stock Down 0.9 %

APAM stock traded down $0.36 during trading on Tuesday, hitting $39.67. 60,118 shares of the stock traded hands, compared to its average volume of 474,555. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 10.92 and a beta of 1.80. Artisan Partners Asset Management Inc. has a 1 year low of $32.75 and a 1 year high of $49.54. The firm's 50 day moving average is $38.45 and its two-hundred day moving average is $42.70.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.07. The business had revenue of $277.10 million for the quarter, compared to analysts' expectations 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 quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 EPS. On average, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $0.68 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.72 annualized dividend and a yield of 6.86%. Artisan Partners Asset Management's payout ratio is 92.82%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. 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 for the company in a research note on Monday, February 3rd. Evercore ISI decreased their target price on 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. TD Cowen dropped their price target on 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 downgraded Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Finally, TD Securities boosted their target price 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Artisan Partners Asset Management currently has an average rating of "Hold" and a consensus price target of $39.30.

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.