Dynamic Technology Lab Private Ltd Acquires Shares of 25,130 Artisan Partners Asset Management Inc. (NYSE:APAM)

Dynamic Technology Lab Private Ltd bought a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 25,130 shares of the asset manager’s stock, valued at approximately $1,082,000.

Other institutional investors have also modified their holdings of the company. Cerity Partners LLC purchased a new stake in Artisan Partners Asset Management during the 3rd quarter worth approximately $661,000. BNP Paribas Financial Markets increased its stake in shares of Artisan Partners Asset Management by 23.0% in the third quarter. BNP Paribas Financial Markets now owns 36,339 shares of the asset manager’s stock worth $1,574,000 after buying an additional 6,792 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Artisan Partners Asset Management by 16.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,082 shares of the asset manager’s stock valued at $653,000 after acquiring an additional 2,170 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in Artisan Partners Asset Management by 12.7% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 30,711 shares of the asset manager’s stock valued at $1,330,000 after acquiring an additional 3,472 shares during the last quarter. Finally, Captrust Financial Advisors grew its holdings in Artisan Partners Asset Management by 3.0% during the 3rd quarter. Captrust Financial Advisors now owns 27,211 shares of the asset manager’s stock worth $1,179,000 after acquiring an additional 788 shares in the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

Analyst Ratings Changes

APAM has been the topic of several research analyst reports. Royal Bank of Canada reduced 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 research report on Monday, February 3rd. StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Artisan Partners Asset Management has an average rating of “Hold” and an average price target of $44.38.

Artisan Partners Asset Management Trading Down 4.3 %

NYSE:APAM opened at $35.40 on Friday. The stock has a fifty day simple moving average of $42.03 and a 200 day simple moving average of $43.84. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 9.73 and a beta of 1.83. Artisan Partners Asset Management Inc. has a 1-year low of $34.71 and a 1-year high of $49.54. 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 (NYSE:APAM) last released its 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%. Sell-side analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.65%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 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.