Quantbot Technologies LP Trims Stock Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Quantbot Technologies LP lowered its position in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 64.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,437 shares of the asset manager's stock after selling 29,843 shares during the period. Quantbot Technologies LP's holdings in Artisan Partners Asset Management were worth $708,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of APAM. Swiss National Bank lifted its holdings in Artisan Partners Asset Management by 0.7% during the 3rd quarter. Swiss National Bank now owns 136,600 shares of the asset manager's stock valued at $5,918,000 after buying an additional 900 shares in the last quarter. Pathstone Holdings LLC grew its stake in Artisan Partners Asset Management by 18.0% in the third quarter. Pathstone Holdings LLC now owns 38,026 shares of the asset manager's stock worth $1,647,000 after purchasing an additional 5,802 shares in the last quarter. Intech Investment Management LLC purchased a new position in Artisan Partners Asset Management during the 3rd quarter worth $570,000. Citigroup Inc. raised its position in Artisan Partners Asset Management by 54.4% during the 3rd quarter. Citigroup Inc. now owns 90,298 shares of the asset manager's stock valued at $3,912,000 after purchasing an additional 31,803 shares in the last quarter. Finally, Cerity Partners LLC purchased a new stake in shares of Artisan Partners Asset Management in the 3rd quarter worth $661,000. Hedge funds and other institutional investors own 86.45% of the company's stock.

Artisan Partners Asset Management Stock Down 2.9 %

NYSE:APAM traded down $1.17 during midday trading on Friday, reaching $39.11. 382,858 shares of the stock traded hands, compared to its average volume of 443,958. The stock has a market capitalization of $3.14 billion, a PE ratio of 10.74 and a beta of 1.83. Artisan Partners Asset Management Inc. has a 12-month low of $37.89 and a 12-month 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 business has a 50-day moving average of $42.58 and a two-hundred day moving average of $43.97.

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 earnings per share for the quarter, topping 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 analysts forecast 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.11%. Artisan Partners Asset Management's payout ratio is 92.31%.

Wall Street Analysts Forecast Growth

APAM has been the topic of several research reports. StockNews.com upgraded Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research note on Tuesday, March 18th. Royal Bank of Canada cut 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 report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $44.38.

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.