Voloridge Investment Management LLC Has $7.30 Million Stake in Artisan Partners Asset Management Inc. (NYSE:APAM)

Voloridge Investment Management LLC raised its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 24.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 169,607 shares of the asset manager's stock after buying an additional 32,953 shares during the quarter. Voloridge Investment Management LLC owned 0.21% of Artisan Partners Asset Management worth $7,302,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC lifted its position in shares of 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 purchasing an additional 263 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Artisan Partners Asset Management by 208.6% in the fourth quarter. Bessemer Group Inc. now owns 574 shares of the asset manager's stock worth $25,000 after acquiring an additional 388 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of 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 worth $27,000 after acquiring an additional 330 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Artisan Partners Asset Management by 166.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager's stock worth $44,000 after acquiring an additional 642 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Artisan Partners Asset Management during the fourth quarter worth $57,000. 86.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Samuel Bentson Sellers sold 6,801 shares of Artisan Partners Asset Management stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $44.24, for a total value of $300,876.24. Following the transaction, the executive vice president now directly owns 40,529 shares of the company's stock, valued at $1,793,002.96. The trade was a 14.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 12.53% of the stock is owned by company insiders.

Artisan Partners Asset Management Stock Down 0.5%

Shares of NYSE APAM traded down $0.21 during trading hours on Friday, hitting $40.51. The company had a trading volume of 98,656 shares, compared to its average volume of 491,344. The stock has a market capitalization of $3.25 billion, a P/E ratio of 11.15 and a beta of 1.68. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. 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 $38.76 and its 200-day moving average is $42.29.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its quarterly earnings results 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. Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%. The business had revenue of $277.10 million during the quarter, compared to the consensus estimate of $281.15 million. During the same quarter last year, the firm posted $0.76 EPS. The company's quarterly revenue was up 4.8% on a year-over-year basis. On average, analysts expect 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. Investors of record on Friday, May 16th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 6.71%. The ex-dividend date is Friday, May 16th. Artisan Partners Asset Management's payout ratio is currently 75.14%.

Analyst Ratings Changes

APAM has been the topic of a number of recent research reports. TD Cowen decreased 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 note on Wednesday, April 9th. Wall Street Zen upgraded shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Evercore ISI cut their price target on Artisan Partners Asset Management from $33.00 to $32.00 and set an "in-line" rating for the company in a report on Thursday, May 1st. TD Securities boosted their price objective on Artisan Partners Asset Management from $35.00 to $39.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Finally, Royal Bank of Canada boosted their price objective on Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average 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.