Martingale Asset Management L P Invests $2.17 Million in Artisan Partners Asset Management Inc. (NYSE:APAM)

Martingale Asset Management L P bought a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 50,432 shares of the asset manager’s stock, valued at approximately $2,171,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in APAM. Vanguard Group Inc. increased its holdings in shares of Artisan Partners Asset Management by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 8,097,132 shares of the asset manager’s stock valued at $348,582,000 after purchasing an additional 78,979 shares during the period. Charles Schwab Investment Management Inc. raised its position 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 worth $119,362,000 after buying an additional 128,717 shares during the last quarter. State Street Corp lifted its stake in Artisan Partners Asset Management by 1.2% during the 3rd quarter. State Street Corp now owns 2,742,935 shares of the asset manager’s stock valued at $118,824,000 after acquiring an additional 33,723 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Artisan Partners Asset Management by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 1,813,598 shares of the asset manager’s stock valued at $78,092,000 after acquiring an additional 38,284 shares during the last quarter. Finally, Channing Capital Management LLC raised its holdings 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 during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Royal Bank of Canada lowered their price target 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. TD Cowen reduced their price objective on Artisan Partners Asset Management from $46.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, StockNews.com lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Tuesday. One 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. Based on data from MarketBeat, Artisan Partners Asset Management has a consensus rating of “Hold” and a consensus price target of $42.38.

Artisan Partners Asset Management Trading Down 5.8 %

Shares of APAM stock opened at $35.00 on Friday. Artisan Partners Asset Management Inc. has a twelve month low of $32.75 and a twelve month high of $49.54. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 9.62 and a beta of 1.80. The firm has a 50-day moving average price of $40.94 and a 200 day moving average price of $43.52. 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 (NYSE:APAM) last released its quarterly earnings data 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 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.50 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.71%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 92.31%.

Artisan Partners Asset Management 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.