Martingale Asset Management L P Invests $2.17 Million in Artisan Partners Asset Management Inc. (NYSE:APAM)

Martingale Asset Management L P bought a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 50,432 shares of the asset manager's stock, valued at approximately $2,171,000. Martingale Asset Management L P owned approximately 0.06% of Artisan Partners Asset Management at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in APAM. Larson Financial Group LLC lifted its holdings in shares of Artisan Partners Asset Management by 82.7% in the 4th quarter. Larson Financial Group LLC now owns 581 shares of the asset manager's stock valued at $25,000 after buying an additional 263 shares during the period. EverSource Wealth Advisors LLC lifted its position in Artisan Partners Asset Management by 110.7% during the fourth 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 boosted its position 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 during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Artisan Partners Asset Management in the 4th quarter worth $57,000. Finally, R Squared Ltd purchased a new position in shares of Artisan Partners Asset Management in the 4th quarter worth about $62,000. Institutional investors and hedge funds own 86.45% of the company's stock.

Artisan Partners Asset Management Stock Down 0.5 %

Shares of NYSE:APAM traded down $0.18 during mid-day trading on Wednesday, hitting $35.30. 117,475 shares of the company traded hands, compared to its average volume of 459,571. The stock has a market cap of $2.83 billion, a P/E ratio of 9.70 and a beta of 1.80. The company has a current ratio of 0.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47. Artisan Partners Asset Management Inc. has a 12-month low of $32.75 and a 12-month high of $49.54. The stock has a 50-day moving average price of $40.39 and a two-hundred day moving average price of $43.36.

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 analysts' consensus estimates 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, equities research analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.50 per share. The ex-dividend date was Friday, February 14th. This represents a $2.00 annualized dividend and a yield of 5.67%. Artisan Partners Asset Management's dividend payout ratio (DPR) is currently 92.31%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. TD Cowen dropped their price target on shares of Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Royal Bank of Canada cut 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 decreased their target price on 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, April 11th. Finally, StockNews.com cut shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Artisan Partners Asset Management presently has a consensus rating of "Hold" and an average 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.