AlphaQuest LLC Cuts Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

AlphaQuest LLC decreased its position in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 21.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 46,760 shares of the asset manager's stock after selling 12,975 shares during the quarter. AlphaQuest LLC owned approximately 0.06% of Artisan Partners Asset Management worth $2,013,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Amundi grew its holdings in Artisan Partners Asset Management by 128.5% during the 4th quarter. Amundi now owns 40,254 shares of the asset manager's stock valued at $1,691,000 after buying an additional 22,634 shares in the last quarter. Larson Financial Group LLC boosted its stake in shares of Artisan Partners Asset Management by 82.7% during the fourth quarter. Larson Financial Group LLC now owns 581 shares of the asset manager's stock valued at $25,000 after purchasing an additional 263 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Artisan Partners Asset Management by 4.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,838 shares of the asset manager's stock valued at $208,000 after purchasing an additional 226 shares during the last quarter. Aviance Capital Partners LLC grew its stake in Artisan Partners Asset Management by 6.7% during the 4th quarter. Aviance Capital Partners LLC now owns 33,513 shares of the asset manager's stock worth $1,443,000 after buying an additional 2,098 shares during the last quarter. Finally, Callan Family Office LLC purchased a new stake in Artisan Partners Asset Management during the 4th quarter worth approximately $473,000. Hedge funds and other institutional investors own 86.45% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on APAM shares. 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 report on Monday, February 3rd. StockNews.com cut shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Artisan Partners Asset Management currently has a consensus rating of "Hold" and an average price target of $44.38.

Artisan Partners Asset Management Stock Performance

Shares of NYSE:APAM traded down $0.10 during trading on Thursday, hitting $38.53. 423,028 shares of the stock traded hands, compared to its average volume of 523,480. The company has a fifty day moving average price of $42.97 and a two-hundred day moving average price of $43.98. 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 52-week low of $37.89 and a 52-week high of $49.54. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 10.58 and a beta of 1.83.

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 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%. As a group, equities analysts predict that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.50 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 5.19%. Artisan Partners Asset Management's 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.