Artisan Partners Asset Management Inc. (NYSE:APAM) Stock Position Increased by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP boosted its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 148.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 13,048 shares of the asset manager’s stock after buying an additional 7,791 shares during the quarter. Brevan Howard Capital Management LP’s holdings in Artisan Partners Asset Management were worth $562,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of APAM. Bank of Montreal Can raised its position in shares of Artisan Partners Asset Management by 40.2% during the fourth quarter. Bank of Montreal Can now owns 15,646 shares of the asset manager’s stock worth $674,000 after purchasing an additional 4,485 shares during the period. Principal Financial Group Inc. raised its holdings in Artisan Partners Asset Management by 3.3% during the 4th quarter. Principal Financial Group Inc. now owns 341,336 shares of the asset manager’s stock worth $14,695,000 after buying an additional 10,802 shares during the period. Oppenheimer & Co. Inc. purchased a new stake in Artisan Partners Asset Management during the fourth quarter valued at about $255,000. Jennison Associates LLC boosted its holdings in shares of Artisan Partners Asset Management by 60.8% in the fourth quarter. Jennison Associates LLC now owns 42,759 shares of the asset manager’s stock worth $1,841,000 after buying an additional 16,166 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Artisan Partners Asset Management by 18.7% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,592 shares of the asset manager’s stock worth $2,225,000 after acquiring an additional 7,966 shares in the last quarter. 86.45% of the stock is owned by institutional investors and hedge funds.

Artisan Partners Asset Management Price Performance

APAM opened at $40.79 on Friday. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 11.21 and a beta of 1.68. The stock has a fifty day moving average price of $38.37 and a 200 day moving average price of $42.61. Artisan Partners Asset Management Inc. has a 1 year low of $32.75 and a 1 year high of $49.54. 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, April 29th. The asset manager reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $277.10 million during the quarter, compared to analyst estimates of $281.15 million. During the same quarter in the previous year, the business earned $0.76 EPS. Artisan Partners Asset Management’s quarterly revenue was up 4.8% compared to the same quarter last year. Analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 6.67%. The ex-dividend date of this dividend is Friday, May 16th. Artisan Partners Asset Management’s payout ratio is presently 75.14%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on APAM. Evercore ISI decreased their price objective on shares of Artisan Partners Asset Management from $33.00 to $32.00 and set an “in-line” rating for the company in a research note on Thursday, May 1st. Royal Bank of Canada raised their target price on Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday. StockNews.com lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Tuesday, April 8th. TD Securities raised their price objective on Artisan Partners Asset Management from $35.00 to $39.00 and gave the stock a “hold” rating in a research report on Thursday, May 1st. Finally, TD Cowen dropped their target price on Artisan Partners Asset Management from $46.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $37.90.

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.