Oppenheimer & Co. Inc. Makes New $255,000 Investment in Artisan Partners Asset Management Inc. (NYSE:APAM)

Oppenheimer & Co. Inc. purchased a new stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,920 shares of the asset manager's stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. State Street Corp boosted its position in Artisan Partners Asset Management by 1.2% in the third quarter. State Street Corp now owns 2,742,935 shares of the asset manager's stock valued at $118,824,000 after buying an additional 33,723 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Artisan Partners Asset Management by 6.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,643,915 shares of the asset manager's stock worth $114,534,000 after purchasing an additional 154,536 shares during the period. Wasatch Advisors LP raised its stake in shares of Artisan Partners Asset Management by 25.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,812,080 shares of the asset manager's stock valued at $78,499,000 after buying an additional 365,434 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Artisan Partners Asset Management by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager's stock valued at $76,920,000 after buying an additional 82,868 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Artisan Partners Asset Management by 3.7% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,589,586 shares of the asset manager's stock valued at $68,432,000 after buying an additional 56,190 shares during the period. Hedge funds and other institutional investors own 86.45% of the company's stock.

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Analyst Upgrades and Downgrades

APAM has been the subject of several recent research reports. StockNews.com cut Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research report on Monday. Royal Bank of Canada dropped 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, Artisan Partners Asset Management presently has an average rating of "Hold" and a consensus price target of $44.38.

Artisan Partners Asset Management Price Performance

Shares of Artisan Partners Asset Management stock traded down $1.06 on Wednesday, hitting $38.79. The company's stock had a trading volume of 490,939 shares, compared to its average volume of 518,453. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 10.66 and a beta of 1.83. 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 quick ratio of 0.73 and a current ratio of 0.56. The firm has a fifty day moving average price of $43.06 and a 200-day moving average price of $44.02.

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 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%. As a group, sell-side analysts anticipate 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 business 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. This represents a $2.00 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management's dividend payout ratio 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.