Choreo LLC Makes New Investment in Artisan Partners Asset Management Inc. (NYSE:APAM)

Choreo LLC bought a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 6,820 shares of the asset manager's stock, valued at approximately $295,000.

Other hedge funds have also made changes to their positions in the company. State Street Corp lifted its position in Artisan Partners Asset Management by 1.2% in the third quarter. State Street Corp now owns 2,742,935 shares of the asset manager's stock valued at $118,824,000 after purchasing an additional 33,723 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Artisan Partners Asset Management by 6.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,643,915 shares of the asset manager's stock valued at $114,534,000 after buying an additional 154,536 shares during the period. Wasatch Advisors LP boosted its stake in shares of Artisan Partners Asset Management by 25.3% in the third quarter. Wasatch Advisors LP now owns 1,812,080 shares of the asset manager's stock valued at $78,499,000 after buying an additional 365,434 shares in the last quarter. Geode Capital Management LLC grew its holdings in Artisan Partners Asset Management by 4.9% during the third quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager's stock worth $76,920,000 after acquiring an additional 82,868 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its position in Artisan Partners Asset Management by 6.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,533,396 shares of the asset manager's stock worth $66,426,000 after acquiring an additional 99,005 shares in the last quarter. Institutional investors and hedge funds own 86.45% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on APAM shares. StockNews.com cut shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Royal Bank of Canada dropped their target price on shares of 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. Evercore ISI raised their price objective on Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an "in-line" rating in a research note on Thursday, November 7th. Finally, 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 report on Thursday, October 31st. 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 company presently has a consensus rating of "Hold" and an average price target of $44.38.

Artisan Partners Asset Management Price Performance

APAM stock traded down $0.78 on Friday, reaching $43.53. The company had a trading volume of 388,144 shares, compared to its average volume of 459,049. Artisan Partners Asset Management Inc. has a 1 year low of $37.89 and a 1 year high of $49.54. The company has a market cap of $3.50 billion, a P/E ratio of 11.96 and a beta of 1.81. The company's fifty day moving average is $44.04 and its 200 day moving average is $43.74. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56.

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, 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%. On average, research analysts forecast that Artisan Partners Asset Management Inc. will post 3.53 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date is Friday, February 14th. Artisan Partners Asset Management's dividend payout ratio is currently 90.11%.

Artisan Partners Asset Management 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.