Victory Capital Management Inc. Increases Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Victory Capital Management Inc. boosted its position in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 6.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,189,165 shares of the asset manager's stock after purchasing an additional 67,079 shares during the period. Victory Capital Management Inc. owned about 1.48% of Artisan Partners Asset Management worth $51,194,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew 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 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 during the 4th quarter worth approximately $57,000. R Squared Ltd purchased a new stake in Artisan Partners Asset Management in the 4th quarter valued at approximately $62,000. GAMMA Investing LLC grew its holdings in Artisan Partners Asset Management by 31.0% during the 4th quarter. GAMMA Investing LLC now owns 1,478 shares of the asset manager's stock valued at $64,000 after buying an additional 350 shares during the last quarter. Finally, MCF Advisors LLC increased its position in Artisan Partners Asset Management by 70.9% during the fourth quarter. MCF Advisors LLC now owns 1,538 shares of the asset manager's stock worth $66,000 after buying an additional 638 shares in the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several analysts have recently issued reports on the company. StockNews.com downgraded Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research report on Monday. Royal Bank of Canada reduced their target price 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, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $44.38.

Artisan Partners Asset Management Trading Down 5.5 %

Shares of NYSE:APAM traded down $2.35 during midday trading on Tuesday, reaching $39.97. The company's stock had a trading volume of 1,738,476 shares, compared to its average volume of 519,628. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 10.98 and a beta of 1.83. The business has a 50 day moving average price of $43.12 and a 200 day moving average price of $44.03. 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 quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, beating the consensus estimate 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%. Research analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management's dividend payout ratio is currently 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.