Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL raised its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 153.9% during the 4th quarter, Holdings Channel reports. The firm owned 178,228 shares of the asset manager’s stock after buying an additional 108,037 shares during the quarter. Tudor Investment Corp ET AL’s holdings in Artisan Partners Asset Management were worth $7,673,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Susquehanna Fundamental Investments LLC acquired a new position in Artisan Partners Asset Management in the 4th quarter worth approximately $4,871,000. Nebula Research & Development LLC purchased a new stake in shares of Artisan Partners Asset Management in the 4th quarter valued at $383,000. Hancock Whitney Corp acquired a new stake in shares of Artisan Partners Asset Management in the fourth quarter worth $203,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Artisan Partners Asset Management by 17.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 55,669 shares of the asset manager’s stock worth $2,397,000 after purchasing an additional 8,241 shares during the last quarter. Finally, Dark Forest Capital Management LP lifted its position in Artisan Partners Asset Management by 648.3% during the fourth quarter. Dark Forest Capital Management LP now owns 37,534 shares of the asset manager’s stock valued at $1,616,000 after purchasing an additional 32,518 shares during the period. 86.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on APAM. Royal Bank of Canada reduced their price objective on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating for the company in a research note on Monday, February 3rd. TD Cowen cut their price target on 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. StockNews.com cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Tuesday, April 8th. Finally, Evercore ISI reduced their price target on shares of Artisan Partners Asset Management from $40.00 to $33.00 and set an “in-line” rating for the company in a research report on Friday, April 11th. 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 stock presently has an average rating of “Hold” and a consensus price target of $39.63.

Artisan Partners Asset Management Trading Up 0.8 %

Shares of APAM opened at $37.53 on Wednesday. The firm’s fifty day moving average is $38.73 and its two-hundred day moving average is $42.91. The stock has a market cap of $3.01 billion, a PE ratio of 10.31 and a beta of 1.80. 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 Inc. has a 52-week low of $32.75 and a 52-week high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Tuesday, April 29th. The asset manager reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $277.10 million for the quarter, compared to analyst estimates of $281.15 million. During the same period in the previous year, the business posted $0.76 earnings per share. Artisan Partners Asset Management’s quarterly revenue was up 4.8% on a year-over-year basis. 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 business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 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.