Trexquant Investment LP Grows Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Trexquant Investment LP lifted its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 24.4% during the 4th quarter, HoldingsChannel reports. The fund owned 70,402 shares of the asset manager’s stock after purchasing an additional 13,804 shares during the period. Trexquant Investment LP’s holdings in Artisan Partners Asset Management were worth $3,031,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Larson Financial Group LLC raised its holdings in Artisan Partners Asset Management by 82.7% in the 4th quarter. Larson Financial Group LLC now owns 581 shares of the asset manager’s stock worth $25,000 after purchasing an additional 263 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Artisan Partners Asset Management by 110.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager’s stock valued at $27,000 after buying an additional 330 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Artisan Partners Asset Management by 166.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager’s stock worth $44,000 after buying an additional 642 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Artisan Partners Asset Management during the 4th quarter valued at approximately $57,000. Finally, R Squared Ltd acquired a new stake in Artisan Partners Asset Management in the 4th quarter valued at $62,000. 86.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on APAM. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. 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 for the company in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $44.38.

Artisan Partners Asset Management Trading Down 4.3 %

Shares of APAM stock opened at $35.40 on Monday. Artisan Partners Asset Management Inc. has a fifty-two week low of $34.71 and a fifty-two week high of $49.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56. The stock’s fifty day moving average is $42.03 and its two-hundred day moving average is $43.86. The firm has a market capitalization of $2.84 billion, a P/E ratio of 9.73 and a beta of 1.80.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results 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%. Research analysts expect 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 declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given 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 5.65%. 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.