Aigen Investment Management LP Makes New Investment in Artisan Partners Asset Management Inc. (NYSE:APAM)

Aigen Investment Management LP purchased a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,384 shares of the asset manager's stock, valued at approximately $361,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Artisan Partners Asset Management by 6.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,533,396 shares of the asset manager's stock valued at $66,426,000 after acquiring an additional 99,005 shares during the last quarter. Quest Partners LLC increased its stake in shares of Artisan Partners Asset Management by 210.0% during the third quarter. Quest Partners LLC now owns 59,735 shares of the asset manager's stock worth $2,588,000 after purchasing an additional 40,468 shares in the last quarter. Geode Capital Management LLC increased its stake in 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 in the last quarter. Principal Financial Group Inc. raised its stake in 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 during the last quarter. Finally, Jennison Associates LLC raised its position in shares of Artisan Partners Asset Management by 60.8% in the fourth quarter. Jennison Associates LLC now owns 42,759 shares of the asset manager's stock valued at $1,841,000 after buying an additional 16,166 shares during the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

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Artisan Partners Asset Management Trading Down 3.0 %

NYSE:APAM traded down $1.18 on Wednesday, reaching $38.67. 583,596 shares of the company's stock were exchanged, compared to its average volume of 519,185. The firm has a market capitalization of $3.10 billion, a price-to-earnings ratio of 10.62 and a beta of 1.83. Artisan Partners Asset Management Inc. has a 52-week low of $37.89 and a 52-week high of $49.54. 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 business has a fifty day moving average of $43.06 and a 200-day moving average of $44.02.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its 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 return on equity of 74.02% and a net margin of 23.36%. As a group, analysts expect 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 was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.17%. Artisan Partners Asset Management's payout ratio is currently 92.31%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Royal Bank of Canada cut their price target 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. StockNews.com downgraded shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research note on Monday. One 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, the stock currently has an average rating of "Hold" and an average target price of $44.38.

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.