Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,813,598 shares of the asset manager's stock after purchasing an additional 38,284 shares during the period. Geode Capital Management LLC owned 2.26% of Artisan Partners Asset Management worth $78,092,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in Artisan Partners Asset Management by 4.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,838 shares of the asset manager's stock worth $208,000 after acquiring an additional 226 shares during the period. Larson Financial Group LLC raised its position in shares of Artisan Partners Asset Management by 82.7% during the 4th 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 raised 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 worth $27,000 after purchasing an additional 330 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Artisan Partners Asset Management by 31.0% in the 4th quarter. GAMMA Investing LLC now owns 1,478 shares of the asset manager's stock worth $64,000 after purchasing an additional 350 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in Artisan Partners Asset Management by 21.6% during the 4th quarter. Jones Financial Companies Lllp now owns 2,650 shares of the asset manager's stock valued at $114,000 after purchasing an additional 470 shares during the period. 86.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on APAM shares. Royal Bank of Canada dropped their target price on Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating on the stock in a research report on Monday, February 3rd. StockNews.com cut shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. TD Cowen reduced their target price on shares of Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Finally, Evercore ISI reduced their price target on Artisan Partners Asset Management from $40.00 to $33.00 and set an "in-line" rating for the company in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Artisan Partners Asset Management presently has a consensus rating of "Hold" and a consensus price target of $39.63.

Artisan Partners Asset Management Price Performance

Shares of NYSE APAM traded up $0.23 during mid-day trading on Thursday, reaching $35.12. 75,067 shares of the company traded hands, compared to its average volume of 460,086. The firm has a market cap of $2.82 billion, a PE ratio of 9.66 and a beta of 1.80. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73. Artisan Partners Asset Management Inc. has a fifty-two week low of $32.75 and a fifty-two week high of $49.54. The stock has a fifty day simple moving average of $40.19 and a 200-day simple moving average of $43.31.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued 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 return on equity of 74.02% and a net margin of 23.36%. Equities research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently declared 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 annualized dividend and a yield of 5.70%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 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.