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

Dynamic Technology Lab Private Ltd acquired a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 25,130 shares of the asset manager’s stock, valued at approximately $1,082,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in APAM. Larson Financial Group LLC lifted its position in Artisan Partners Asset Management by 82.7% during 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 during the period. EverSource Wealth Advisors LLC lifted its holdings 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 acquiring an additional 330 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Artisan Partners Asset Management by 166.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager’s stock worth $44,000 after acquiring an additional 642 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Artisan Partners Asset Management in the fourth quarter worth approximately $57,000. Finally, R Squared Ltd purchased a new stake in Artisan Partners Asset Management in the fourth quarter valued at approximately $62,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Price Performance

Artisan Partners Asset Management stock opened at $35.40 on Friday. Artisan Partners Asset Management Inc. has a 52-week low of $34.71 and a 52-week high of $49.54. The firm has a fifty day moving average of $42.03 and a 200-day moving average of $43.84. The firm has a market capitalization of $2.84 billion, a P/E ratio of 9.73 and a beta of 1.83. 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 announced 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%. As a group, analysts predict that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 5.65%. Artisan Partners Asset Management’s payout ratio is currently 92.31%.

Analyst Upgrades and Downgrades

APAM has been the topic of a number of recent analyst reports. Royal Bank of Canada cut 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 note on Monday, February 3rd. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, Artisan Partners Asset Management presently has a consensus rating of “Hold” and an average price target of $44.38.

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.