Mirae Asset Global Investments Co. Ltd. Buys 7,966 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 18.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,592 shares of the asset manager's stock after acquiring an additional 7,966 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.06% of Artisan Partners Asset Management worth $2,225,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. lifted its stake in Artisan Partners Asset Management by 6.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,533,396 shares of the asset manager's stock valued at $66,426,000 after purchasing an additional 99,005 shares during the last quarter. Quest Partners LLC raised its stake in Artisan Partners Asset Management by 210.0% in the third quarter. Quest Partners LLC now owns 59,735 shares of the asset manager's stock valued at $2,588,000 after buying an additional 40,468 shares during the period. Geode Capital Management LLC increased its holdings in shares of Artisan Partners Asset Management by 4.9% during the third quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager's stock worth $76,920,000 after purchasing an additional 82,868 shares during the period. Tidal Investments LLC bought a new stake in shares of Artisan Partners Asset Management in the third quarter valued at approximately $1,801,000. Finally, Jennison Associates LLC grew its position in Artisan Partners Asset Management by 60.8% during the fourth quarter. Jennison Associates LLC now owns 42,759 shares of the asset manager's stock worth $1,841,000 after buying an additional 16,166 shares in the last quarter. Institutional investors own 86.45% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on APAM shares. StockNews.com downgraded Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Evercore ISI increased their price target on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an "in-line" rating in a research report on Thursday, November 7th. Royal Bank of Canada decreased their price objective on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating on the stock in a research note on Monday, February 3rd. Finally, TD Cowen upped their target price on Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $44.38.

Artisan Partners Asset Management Price Performance

Shares of APAM traded up $0.16 during mid-day trading on Thursday, reaching $44.32. The company had a trading volume of 438,399 shares, compared to its average volume of 474,541. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 12.18 and a beta of 1.81. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56. The company's 50 day simple moving average is $44.13 and its 200 day simple moving average is $43.73. Artisan Partners Asset Management Inc. has a 1-year low of $37.89 and a 1-year high of $49.54.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued its earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share for the quarter, beating 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%. Analysts expect that Artisan Partners Asset Management Inc. will post 3.53 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 4.51%. Artisan Partners Asset Management's payout ratio is presently 90.11%.

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.