ExodusPoint Capital Management LP Trims Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

ExodusPoint Capital Management LP lowered its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 24.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,415 shares of the asset manager’s stock after selling 12,706 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Artisan Partners Asset Management were worth $1,697,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of APAM. Vanguard Group Inc. lifted its stake in shares of Artisan Partners Asset Management by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 8,097,132 shares of the asset manager’s stock valued at $348,582,000 after buying an additional 78,979 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Artisan Partners Asset Management by 4.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,772,632 shares of the asset manager’s stock valued at $119,362,000 after acquiring an additional 128,717 shares in the last quarter. State Street Corp boosted its stake in shares of 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 worth $118,824,000 after acquiring an additional 33,723 shares during the period. Geode Capital Management LLC boosted its stake in shares of Artisan Partners Asset Management by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 1,813,598 shares of the asset manager’s stock worth $78,092,000 after acquiring an additional 38,284 shares during the period. Finally, Channing Capital Management LLC grew its position in shares of Artisan Partners Asset Management by 14.5% during the fourth quarter. Channing Capital Management LLC now owns 1,770,526 shares of the asset manager’s stock worth $76,221,000 after purchasing an additional 224,455 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Stock Performance

NYSE:APAM opened at $33.84 on Wednesday. The company has a market cap of $2.72 billion, a price-to-earnings ratio of 9.30 and a beta of 1.80. Artisan Partners Asset Management Inc. has a 1 year low of $32.75 and a 1 year high of $49.54. The stock’s 50 day simple moving average is $41.41 and its two-hundred day simple moving average is $43.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share for the quarter, topping the consensus estimate 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%. As a group, equities 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.91%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management’s payout ratio is 92.31%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on APAM shares. StockNews.com downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Tuesday. Royal Bank of Canada lowered 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 analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $44.38.

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.