Nebula Research & Development LLC Takes $383,000 Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Nebula Research & Development LLC acquired a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 8,895 shares of the asset manager's stock, valued at approximately $383,000.

Other large investors also recently made changes to their positions in the company. Bank of Montreal Can boosted its holdings in Artisan Partners Asset Management by 40.2% during the fourth quarter. Bank of Montreal Can now owns 15,646 shares of the asset manager's stock worth $674,000 after purchasing an additional 4,485 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Artisan Partners Asset Management by 3.3% during the 4th quarter. Principal Financial Group Inc. now owns 341,336 shares of the asset manager's stock worth $14,695,000 after buying an additional 10,802 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Artisan Partners Asset Management in the 4th quarter valued at about $255,000. Jennison Associates LLC raised its holdings in Artisan Partners Asset Management by 60.8% during the fourth quarter. Jennison Associates LLC now owns 42,759 shares of the asset manager's stock worth $1,841,000 after acquiring an additional 16,166 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Artisan Partners Asset Management by 18.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,592 shares of the asset manager's stock valued at $2,225,000 after purchasing an additional 7,966 shares during the last quarter. Institutional investors own 86.45% of the company's stock.

Wall Street Analysts Forecast Growth

APAM has been the subject of several recent analyst reports. TD Cowen cut their price objective on Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Royal Bank of Canada cut their target price 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 reduced 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. StockNews.com cut shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Finally, TD Securities increased 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $39.30.

Artisan Partners Asset Management Price Performance

Shares of NYSE:APAM traded down $0.34 during trading on Tuesday, reaching $39.68. 73,357 shares of the company traded hands, compared to its average volume of 474,600. The firm has a market capitalization of $3.19 billion, a PE ratio of 10.93 and a beta of 1.80. 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 52 week low of $32.75 and a 52 week high of $49.54. The company'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 announced its quarterly earnings data on Tuesday, April 29th. The asset manager reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.07. The business had revenue of $277.10 million during the quarter, compared to the consensus estimate of $281.15 million. Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%. Artisan Partners Asset Management'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 earned $0.76 EPS. As a group, sell-side analysts predict that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.68 dividend. The ex-dividend date is Friday, May 16th. This represents a $2.72 annualized dividend and a yield of 6.85%. Artisan Partners Asset Management's dividend payout ratio is presently 92.82%.

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.