Two Sigma Investments LP Has $3.21 Million Stock Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Two Sigma Investments LP reduced its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 33.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 74,486 shares of the asset manager's stock after selling 36,949 shares during the quarter. Two Sigma Investments LP owned about 0.09% of Artisan Partners Asset Management worth $3,207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Bessemer Group Inc. boosted its stake in Artisan Partners Asset Management by 208.6% in 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 in the last quarter. Larson Financial Group LLC grew 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 valued at $25,000 after acquiring an additional 263 shares during the period. EverSource Wealth Advisors LLC boosted its position 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 buying an additional 330 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in 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 worth $44,000 after acquiring an additional 642 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Artisan Partners Asset Management in the fourth quarter valued at $57,000. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Price Performance

Shares of APAM stock traded up $0.33 during midday trading on Tuesday, reaching $40.45. 379,441 shares of the company traded hands, compared to its average volume of 494,712. The firm has a market cap of $3.25 billion, a PE ratio of 11.11 and a beta of 1.68. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73. 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 simple moving average is $38.73 and its two-hundred day simple moving average is $42.11.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The asset manager reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.07. The company had revenue of $277.10 million during the quarter, compared to analysts' expectations of $281.15 million. Artisan Partners Asset Management had a net margin of 23.36% and a return on equity of 74.02%. The firm's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.76 EPS. On average, equities research 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 company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date was Friday, May 16th. Artisan Partners Asset Management's dividend payout ratio is 75.14%.

Insider Buying and Selling at Artisan Partners Asset Management

In other Artisan Partners Asset Management news, EVP Samuel Bentson Sellers sold 6,801 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $44.24, for a total transaction of $300,876.24. Following the sale, the executive vice president now directly owns 40,529 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 12.53% of the company's stock.

Wall Street Analysts Forecast Growth

APAM has been the subject of several recent analyst reports. TD Securities boosted their target price on Artisan Partners Asset Management from $35.00 to $39.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Royal Bank of Canada raised their price target on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an "outperform" rating in a report on Tuesday, May 6th. Wall Street Zen upgraded Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research report on Tuesday, May 20th. Cowen reaffirmed a "hold" rating on shares of Artisan Partners Asset Management in a report on Wednesday, May 14th. Finally, Evercore ISI cut their target price on Artisan Partners Asset Management from $33.00 to $32.00 and set an "in-line" rating on the stock in a research note on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Artisan Partners Asset Management presently has a consensus rating of "Hold" and a consensus target price of $37.90.

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.