Bryce Point Capital LLC Invests $384,000 in Artisan Partners Asset Management Inc. (NYSE:APAM)

Bryce Point Capital LLC purchased a new position in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,914 shares of the asset manager's stock, valued at approximately $384,000.

Other institutional investors also recently modified their holdings of the company. Larson Financial Group LLC raised its holdings in Artisan Partners Asset Management by 82.7% in the fourth quarter. Larson Financial Group LLC now owns 581 shares of the asset manager's stock worth $25,000 after buying an additional 263 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Artisan Partners Asset Management by 110.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager's stock valued at $27,000 after purchasing an additional 330 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Artisan Partners Asset Management by 166.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager's stock valued at $44,000 after acquiring an additional 642 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Artisan Partners Asset Management in the 4th quarter worth $57,000. Finally, R Squared Ltd purchased a new stake in shares of Artisan Partners Asset Management during the 4th quarter worth $62,000. 86.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on APAM shares. TD Cowen cut 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. StockNews.com downgraded shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research note on Tuesday. Finally, Royal Bank of Canada lowered their price target on Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $42.38.

Artisan Partners Asset Management Price Performance

Artisan Partners Asset Management stock traded down $2.86 during trading hours on Thursday, hitting $34.28. 283,882 shares of the company traded hands, compared to its average volume of 457,814. The firm has a market cap of $2.75 billion, a P/E ratio of 9.42 and a beta of 1.80. 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 1-year low of $32.75 and a 1-year high of $49.54. The firm's 50-day simple moving average is $41.11 and its two-hundred day simple moving average is $43.58.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued its earnings results on Tuesday, February 4th. The asset manager reported $1.05 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 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 company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given 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 5.83%. Artisan Partners Asset Management's payout ratio is currently 92.31%.

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.