Channing Capital Management LLC Raises Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Channing Capital Management LLC lifted its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 14.5% during the 4th quarter, HoldingsChannel reports. The firm owned 1,770,526 shares of the asset manager’s stock after acquiring an additional 224,455 shares during the quarter. Artisan Partners Asset Management accounts for about 2.0% of Channing Capital Management LLC’s investment portfolio, making the stock its 23rd largest holding. Channing Capital Management LLC’s holdings in Artisan Partners Asset Management were worth $76,221,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in APAM. Charles Schwab Investment Management Inc. grew its holdings in Artisan Partners Asset Management by 4.9% during the 4th 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. State Street Corp grew its holdings 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 valued at $118,824,000 after purchasing an additional 33,723 shares in the last quarter. Wasatch Advisors LP increased its position in Artisan Partners Asset Management by 25.3% in the third quarter. Wasatch Advisors LP now owns 1,812,080 shares of the asset manager’s stock worth $78,499,000 after purchasing an additional 365,434 shares during the last quarter. Geode Capital Management LLC raised its stake in Artisan Partners Asset Management by 4.9% during the third quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager’s stock valued at $76,920,000 after purchasing an additional 82,868 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in Artisan Partners Asset Management by 3.7% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,589,586 shares of the asset manager’s stock valued at $68,432,000 after purchasing an additional 56,190 shares during the last quarter. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. 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. StockNews.com cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Artisan Partners Asset Management presently has a consensus rating of “Hold” and an average price target of $44.38.

Artisan Partners Asset Management Trading Down 1.6 %

Shares of APAM opened at $42.40 on Tuesday. The company’s fifty day simple moving average is $43.13 and its 200-day simple moving average is $44.02. The company has a market cap of $3.41 billion, a P/E ratio of 11.65 and a beta of 1.83. The company has a current ratio of 0.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47. Artisan Partners Asset Management Inc. has a twelve month low of $37.89 and a twelve month high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) 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 net margin of 23.36% and a return on equity of 74.02%. As a group, analysts expect that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current 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 paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio is currently 92.31%.

Artisan Partners Asset Management Company 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.