Brevan Howard Capital Management LP Purchases 7,791 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Brevan Howard Capital Management LP grew its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 148.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,048 shares of the asset manager’s stock after purchasing an additional 7,791 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Artisan Partners Asset Management were worth $562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Artisan Partners Asset Management in the fourth quarter valued at approximately $20,607,000. Channing Capital Management LLC grew its position in Artisan Partners Asset Management by 14.5% in the 4th quarter. Channing Capital Management LLC now owns 1,770,526 shares of the asset manager’s stock valued at $76,221,000 after purchasing an additional 224,455 shares during the period. Hsbc Holdings PLC increased its stake in Artisan Partners Asset Management by 3,041.5% during the 4th quarter. Hsbc Holdings PLC now owns 150,730 shares of the asset manager’s stock valued at $6,495,000 after purchasing an additional 145,932 shares in the last quarter. Norges Bank acquired a new position in Artisan Partners Asset Management during the fourth quarter worth $5,627,000. Finally, Charles Schwab Investment Management Inc. lifted its stake 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 buying an additional 128,717 shares in the last quarter. Institutional investors own 86.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on APAM shares. Evercore ISI lowered their target price on shares of Artisan Partners Asset Management from $33.00 to $32.00 and set an “in-line” rating on the stock in a report on Thursday, May 1st. Royal Bank of Canada increased their price objective on Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday. TD Securities raised their target price on Artisan Partners Asset Management from $35.00 to $39.00 and gave the company a “hold” rating in a report on Thursday, May 1st. StockNews.com downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th. Finally, TD Cowen reduced their target price on shares of 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, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $37.90.

Artisan Partners Asset Management Stock Performance

NYSE:APAM opened at $40.79 on Friday. The stock has a market cap of $3.27 billion, a P/E ratio of 11.21 and a beta of 1.68. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The business’s 50-day moving average price is $38.37 and its two-hundred day moving average price is $42.61. Artisan Partners Asset Management Inc. has a twelve month low of $32.75 and a twelve month high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last announced its earnings results on Tuesday, April 29th. The asset manager reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.07. Artisan Partners Asset Management had a net margin of 23.36% and a return on equity of 74.02%. The company had revenue of $277.10 million during the quarter, compared to analyst estimates of $281.15 million. During the same period in the previous year, the business earned $0.76 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, equities analysts predict that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 6.67%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 75.14%.

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.