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

Trexquant Investment LP lifted its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 24.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 70,402 shares of the asset manager’s stock after purchasing an additional 13,804 shares during the period. Trexquant Investment LP owned about 0.09% of Artisan Partners Asset Management worth $3,031,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on APAM shares. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. Royal Bank of Canada lowered their target price on shares of 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $44.38.

Artisan Partners Asset Management Stock Down 4.3 %

APAM stock opened at $35.40 on Monday. The stock has a market capitalization of $2.84 billion, a PE ratio of 9.73 and a beta of 1.80. Artisan Partners Asset Management Inc. has a 52 week low of $34.71 and a 52 week 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. The firm has a 50 day moving average of $42.03 and a 200 day moving average of $43.86.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 EPS 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 declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 5.65%. Artisan Partners Asset Management’s dividend payout ratio 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.