Russell Investments Group Ltd. boosted its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 4,858.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,800 shares of the asset manager's stock after buying an additional 29,199 shares during the period. Russell Investments Group Ltd.'s holdings in Artisan Partners Asset Management were worth $1,283,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its holdings in shares of Artisan Partners Asset Management by 82.7% during the fourth quarter. Larson Financial Group LLC now owns 581 shares of the asset manager's stock worth $25,000 after buying an additional 263 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Artisan Partners Asset Management by 110.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager's stock worth $27,000 after acquiring an additional 330 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Artisan Partners Asset Management by 166.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager's stock valued at $44,000 after purchasing an additional 642 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Artisan Partners Asset Management in the fourth quarter valued at approximately $57,000. Finally, R Squared Ltd purchased a new stake in shares of Artisan Partners Asset Management during the fourth quarter worth approximately $62,000. Hedge funds and other institutional investors own 86.45% of the company's stock.
Artisan Partners Asset Management Price Performance
APAM traded down $0.23 on Friday, hitting $36.94. 59,958 shares of the company were exchanged, compared to its average volume of 460,703. Artisan Partners Asset Management Inc. has a fifty-two week low of $32.75 and a fifty-two week 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 market capitalization of $2.97 billion, a P/E ratio of 10.15 and a beta of 1.80. The business's fifty day moving average is $39.15 and its 200 day moving average is $43.02.
Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its quarterly earnings results 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%. As a group, sell-side analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.
Artisan Partners Asset Management Cuts Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management's dividend payout ratio is currently 92.31%.
Analyst Ratings Changes
Several equities analysts have issued reports on the stock. Evercore ISI dropped their price objective on shares of Artisan Partners Asset Management from $40.00 to $33.00 and set an "in-line" rating on the stock in a research note on Friday, April 11th. Royal Bank of Canada cut their price target on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. StockNews.com lowered Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a report on Tuesday, April 8th. Finally, TD Cowen cut their target price on Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $39.63.
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About Artisan Partners Asset Management
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Free Report)
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.
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