Advisory Services Network LLC Makes New $410,000 Investment in Artisan Partners Asset Management Inc. (NYSE:APAM)

Advisory Services Network LLC acquired a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,520 shares of the asset manager's stock, valued at approximately $410,000.

A number of other large investors have also modified their holdings of APAM. Raymond James Financial Inc. purchased a new stake in Artisan Partners Asset Management during the fourth quarter worth about $20,607,000. Channing Capital Management LLC boosted its stake 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 acquiring an additional 224,455 shares in the last quarter. Norges Bank purchased a new stake in shares of Artisan Partners Asset Management during the 4th quarter worth approximately $5,627,000. Charles Schwab Investment Management Inc. increased its stake in Artisan Partners Asset Management by 4.9% in the 4th 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 in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Artisan Partners Asset Management by 94.1% during the fourth quarter. Renaissance Technologies LLC now owns 224,023 shares of the asset manager's stock worth $9,644,000 after purchasing an additional 108,600 shares during the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Price Performance

APAM stock traded up $0.15 during trading on Friday, hitting $35.04. The stock had a trading volume of 402,746 shares, compared to its average volume of 461,954. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 9.63 and a beta of 1.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56. The company's 50 day moving average price is $39.80 and its two-hundred day moving average price is $43.20. Artisan Partners Asset Management Inc. has a 1-year low of $32.75 and a 1-year high of $49.54.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates 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, sell-side analysts forecast 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 given a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 5.71%. Artisan Partners Asset Management's dividend payout ratio is presently 92.31%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Evercore ISI lowered their target price on Artisan Partners Asset Management from $40.00 to $33.00 and set an "in-line" rating on the stock in a report on Friday, April 11th. TD Cowen lowered their price objective on shares of Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating on the stock in a research note 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 report on Monday, February 3rd. Finally, 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. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $39.63.

Artisan Partners Asset Management 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.