Abacus FCF Advisors LLC Has $2.96 Million Stake in Artisan Partners Asset Management Inc. (NYSE:APAM)

Abacus FCF Advisors LLC grew its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 46.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 68,741 shares of the asset manager's stock after purchasing an additional 21,824 shares during the period. Abacus FCF Advisors LLC owned approximately 0.09% of Artisan Partners Asset Management worth $2,959,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Geode Capital Management LLC grew its position in Artisan Partners Asset Management by 4.9% in the third quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager's stock valued at $76,920,000 after acquiring an additional 82,868 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Artisan Partners Asset Management by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 341,336 shares of the asset manager's stock valued at $14,695,000 after purchasing an additional 10,802 shares in the last quarter. Oppenheimer & Co. Inc. bought a new stake in shares of Artisan Partners Asset Management during the 4th quarter valued at approximately $255,000. Jennison Associates LLC grew its holdings in shares of Artisan Partners Asset Management by 60.8% during the 4th quarter. Jennison Associates LLC now owns 42,759 shares of the asset manager's stock valued at $1,841,000 after purchasing an additional 16,166 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Artisan Partners Asset Management by 18.7% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,592 shares of the asset manager's stock worth $2,225,000 after purchasing an additional 7,966 shares in the last quarter. Institutional investors and hedge funds own 86.45% of the company's stock.

Artisan Partners Asset Management Trading Up 1.4 %

Shares of NYSE:APAM traded up $0.49 during mid-day trading on Friday, reaching $35.50. 533,501 shares of the company's stock were exchanged, compared to its average volume of 460,260. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56. Artisan Partners Asset Management Inc. has a twelve month low of $32.75 and a twelve month high of $49.54. The firm has a market capitalization of $2.85 billion, a price-to-earnings ratio of 9.75 and a beta of 1.80. The business's fifty day moving average price is $40.75 and its 200-day moving average price is $43.47.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its earnings results on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, topping the consensus estimate of $0.97 by $0.08. Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%. On average, research analysts predict that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.63%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management's payout ratio is presently 92.31%.

Analysts Set New Price Targets

APAM has been the topic of a number of research analyst reports. StockNews.com lowered shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. TD Cowen cut their price objective on Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating on the stock in a report on Wednesday. Royal Bank of Canada lowered their target price on Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. Finally, Evercore ISI dropped their target price on Artisan Partners Asset Management from $40.00 to $33.00 and set an "in-line" rating for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $39.63.

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.