Connor Clark & Lunn Investment Management Ltd. Takes Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Connor Clark & Lunn Investment Management Ltd. acquired a new position in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 48,400 shares of the asset manager's stock, valued at approximately $2,084,000. Connor Clark & Lunn Investment Management Ltd. owned 0.06% of Artisan Partners Asset Management as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in shares of Artisan Partners Asset Management by 4.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,772,632 shares of the asset manager's stock worth $119,362,000 after buying an additional 128,717 shares during the period. State Street Corp grew its position in shares of 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 worth $118,824,000 after buying an additional 33,723 shares during the period. Wasatch Advisors LP grew 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 during the period. Geode Capital Management LLC grew its position in shares of Artisan Partners Asset Management by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager's stock worth $76,920,000 after buying an additional 82,868 shares during the period. Finally, Channing Capital Management LLC grew its position in shares of Artisan Partners Asset Management by 14.5% during the 4th quarter. Channing Capital Management LLC now owns 1,770,526 shares of the asset manager's stock worth $76,221,000 after buying an additional 224,455 shares during the period. 86.45% of the stock is currently owned by institutional investors and hedge funds.

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Artisan Partners Asset Management Stock Down 0.4 %

Shares of APAM traded down $0.18 on Friday, hitting $40.24. The company's stock had a trading volume of 1,351,802 shares, compared to its average volume of 419,282. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The firm's fifty day moving average price is $42.71 and its 200-day moving average price is $43.89. Artisan Partners Asset Management Inc. has a fifty-two week low of $37.89 and a fifty-two week high of $49.54. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 11.05 and a beta of 1.83.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities research analysts expect that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management's payout ratio is 92.31%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Royal Bank of Canada decreased 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 upgraded Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $44.38.

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.