ExodusPoint Capital Management LP Sells 12,706 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

ExodusPoint Capital Management LP decreased its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 24.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 39,415 shares of the asset manager's stock after selling 12,706 shares during the quarter. ExodusPoint Capital Management LP's holdings in Artisan Partners Asset Management were worth $1,697,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its holdings in shares of Artisan Partners Asset Management by 82.7% during the fourth quarter. Larson Financial Group LLC now owns 581 shares of the asset manager's stock worth $25,000 after purchasing an additional 263 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Artisan Partners Asset Management by 110.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager's stock valued at $27,000 after buying an additional 330 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of 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 worth $44,000 after acquiring an additional 642 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Artisan Partners Asset Management during the fourth quarter valued at approximately $57,000. Finally, R Squared Ltd acquired a new stake in shares of Artisan Partners Asset Management in the 4th quarter valued at $62,000. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Stock Up 0.4 %

Shares of APAM traded up $0.13 during trading hours on Monday, reaching $35.60. The stock had a trading volume of 54,021 shares, compared to its average volume of 458,668. The company has a current ratio of 0.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47. The firm has a 50-day simple moving average of $40.75 and a 200 day simple moving average of $43.47. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 9.78 and a beta of 1.80. Artisan Partners Asset Management Inc. has a 12 month low of $32.75 and a 12 month high of $49.54.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 predict 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. Shareholders of record on Friday, February 14th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management's dividend payout ratio is currently 92.31%.

Analysts Set New Price Targets

APAM has been the subject of a number of research reports. Evercore ISI dropped their target price on shares of Artisan Partners Asset Management from $40.00 to $33.00 and set an "in-line" rating for the company in a report on Friday. TD Cowen lowered their price target on shares of Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. StockNews.com downgraded Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Finally, Royal Bank of Canada lowered their price objective on 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. 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 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.