Burford Brothers Inc. Invests $471,000 in Artisan Partners Asset Management Inc. (NYSE:APAM)

Burford Brothers Inc. bought a new stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,936 shares of the asset manager's stock, valued at approximately $471,000.

Other large investors also recently modified their holdings of the company. Matrix Trust Co acquired a new position in Artisan Partners Asset Management during the third quarter valued at approximately $30,000. Hexagon Capital Partners LLC increased its stake in shares of Artisan Partners Asset Management by 41.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager's stock valued at $43,000 after purchasing an additional 296 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Artisan Partners Asset Management by 45.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,128 shares of the asset manager's stock worth $49,000 after buying an additional 353 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Artisan Partners Asset Management by 735.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,212 shares of the asset manager's stock worth $52,000 after buying an additional 1,067 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Artisan Partners Asset Management in the fourth quarter valued at about $62,000. 86.45% of the stock is owned by institutional investors and hedge funds.

Artisan Partners Asset Management Trading Up 0.1 %

NYSE APAM traded up $0.05 during trading hours on Thursday, reaching $44.85. The company's stock had a trading volume of 508,436 shares, compared to its average volume of 477,493. The firm has a fifty day simple moving average of $44.56 and a 200-day simple moving average of $43.67. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.73 and a quick ratio of 0.73. Artisan Partners Asset Management Inc. has a 52 week low of $37.89 and a 52 week high of $49.54. The stock has a market cap of $3.60 billion, a P/E ratio of 12.49 and a beta of 1.81.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.08. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. Equities analysts forecast that Artisan Partners Asset Management Inc. will post 3.47 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.50 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.46%. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 91.37%.

Analysts Set New Price Targets

Several research analysts have commented on the company. TD Cowen boosted their target price on Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Royal Bank of Canada lowered their price objective 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. StockNews.com lowered shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Evercore ISI upped their price target on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $44.38.

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.