Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Acquired by Jennison Associates LLC

Jennison Associates LLC lifted its position in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 60.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,759 shares of the asset manager's stock after purchasing an additional 16,166 shares during the period. Jennison Associates LLC owned about 0.05% of Artisan Partners Asset Management worth $1,841,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wasatch Advisors LP boosted its holdings in Artisan Partners Asset Management by 25.3% in the 3rd quarter. Wasatch Advisors LP now owns 1,812,080 shares of the asset manager's stock worth $78,499,000 after buying an additional 365,434 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of Artisan Partners Asset Management by 22.0% in the third quarter. Victory Capital Management Inc. now owns 1,122,086 shares of the asset manager's stock valued at $48,609,000 after acquiring an additional 202,074 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Artisan Partners Asset Management by 6.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,643,915 shares of the asset manager's stock worth $114,534,000 after acquiring an additional 154,536 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Artisan Partners Asset Management by 6.9% during 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 purchasing an additional 99,005 shares in the last quarter. Finally, Ibex Wealth Advisors acquired a new position in Artisan Partners Asset Management in the 4th quarter valued at $4,247,000. 86.45% of the stock is owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Stock Down 0.0 %

Shares of APAM stock traded down $0.01 during trading on Monday, reaching $44.51. The company's stock had a trading volume of 342,137 shares, compared to its average volume of 473,136. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 12.23 and a beta of 1.81. 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 debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73. The stock's 50-day moving average price is $44.38 and its 200 day moving average price is $43.72.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its quarterly earnings data 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%. On average, research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.53 EPS for the current 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 paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.00 annualized dividend and a yield of 4.49%. Artisan Partners Asset Management's dividend payout ratio is currently 90.11%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on APAM. 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 report on Monday, February 3rd. Evercore ISI increased their price objective on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an "in-line" rating in a report on Thursday, November 7th. StockNews.com cut Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a report on Thursday. Finally, TD Cowen increased their price target on Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a "hold" rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $44.38.

Artisan Partners Asset Management Company 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.