Dynamic Technology Lab Private Ltd Takes $1.08 Million Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Dynamic Technology Lab Private Ltd acquired a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 25,130 shares of the asset manager's stock, valued at approximately $1,082,000.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on APAM shares. StockNews.com cut Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a report on Tuesday. Evercore ISI lowered their price objective on shares of Artisan Partners Asset Management from $40.00 to $33.00 and set an "in-line" rating on the stock in a research report on Friday. Royal Bank of Canada reduced 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 research note on Monday, February 3rd. Finally, TD Cowen reduced their price objective on Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating for the company in a research report on Wednesday. One 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. According to data from MarketBeat, Artisan Partners Asset Management currently has a consensus rating of "Hold" and a consensus target price of $39.63.

Artisan Partners Asset Management Trading Down 0.9 %

NYSE:APAM traded down $0.33 on Friday, reaching $34.68. The company's stock had a trading volume of 132,911 shares, compared to its average volume of 458,110. The business's 50-day moving average price is $40.94 and its two-hundred day moving average price is $43.52. 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 Inc. has a 1-year low of $32.75 and a 1-year high of $49.54. The firm has a market cap of $2.78 billion, a PE ratio of 9.53 and a beta of 1.80.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last posted 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%. Equities research analysts anticipate 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 5.77%. Artisan Partners Asset Management's dividend payout ratio is currently 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.