Callan Family Office LLC Takes Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Callan Family Office LLC bought a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,985 shares of the asset manager's stock, valued at approximately $473,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of Artisan Partners Asset Management by 4.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,772,632 shares of the asset manager's stock valued at $119,362,000 after purchasing an additional 128,717 shares during the period. State Street Corp increased its stake in Artisan Partners Asset Management by 1.2% during the 3rd quarter. State Street Corp now owns 2,742,935 shares of the asset manager's stock valued at $118,824,000 after buying an additional 33,723 shares during the period. Wasatch Advisors LP raised its position in shares of Artisan Partners Asset Management by 25.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,812,080 shares of the asset manager's stock worth $78,499,000 after buying an additional 365,434 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Artisan Partners Asset Management by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager's stock worth $76,920,000 after acquiring an additional 82,868 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of Artisan Partners Asset Management by 3.7% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,589,586 shares of the asset manager's stock worth $68,432,000 after acquiring an additional 56,190 shares during the period. Institutional investors own 86.45% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of research firms have weighed in on APAM. Royal Bank of Canada cut their target price on Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. StockNews.com lowered Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a report on Monday. One analyst has rated the stock with a sell rating, three have issued 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 target price of $44.38.

Artisan Partners Asset Management Trading Down 0.3 %

Shares of NYSE APAM traded down $0.10 during mid-day trading on Thursday, hitting $38.53. 423,028 shares of the company traded hands, compared to its average volume of 523,480. 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 $37.89 and a 1 year high of $49.54. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 10.58 and a beta of 1.83. The business has a 50 day moving average of $42.97 and a two-hundred day moving average of $43.98.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.08. Artisan Partners Asset Management had a net margin of 23.36% and a return on equity of 74.02%. On average, sell-side analysts anticipate 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.19%. Artisan Partners Asset Management's dividend payout ratio is 92.31%.

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.