Intech Investment Management LLC increased its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 56.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,555 shares of the asset manager's stock after purchasing an additional 7,400 shares during the quarter. Intech Investment Management LLC's holdings in Artisan Partners Asset Management were worth $885,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in APAM. Geode Capital Management LLC boosted 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 purchasing an additional 82,868 shares during the last quarter. Principal Financial Group Inc. boosted its position in Artisan Partners Asset Management by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 341,336 shares of the asset manager's stock worth $14,695,000 after acquiring an additional 10,802 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in Artisan Partners Asset Management in the 4th quarter valued at about $255,000. Jennison Associates LLC boosted 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 worth $1,841,000 after purchasing an additional 16,166 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Artisan Partners Asset Management by 18.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,592 shares of the asset manager's stock valued at $2,225,000 after purchasing an additional 7,966 shares in the last quarter. 86.45% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
APAM has been the topic of a number of analyst reports. Royal Bank of Canada reduced their price objective on Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating on the stock 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 report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $44.38.
Read Our Latest Stock Report on APAM
Artisan Partners Asset Management Trading Down 1.5 %
Shares of APAM stock traded down $0.61 during trading on Thursday, hitting $40.23. 497,301 shares of the stock traded hands, compared to its average volume of 422,204. Artisan Partners Asset Management Inc. has a 52-week low of $37.89 and a 52-week high of $49.54. The firm has a market capitalization of $3.23 billion, a P/E ratio of 11.05 and a beta of 1.83. The firm's fifty day moving average price is $42.70 and its 200-day moving average price is $43.94. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73.
Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, beating 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%. As a group, research analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 earnings per share 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. Shareholders of record on Friday, February 14th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 92.31%.
Artisan Partners Asset Management Profile
(
Free Report)
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.
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