Vaughan Nelson Investment Management L.P. Boosts Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Vaughan Nelson Investment Management L.P. grew its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 3.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,589,586 shares of the asset manager’s stock after acquiring an additional 56,190 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Artisan Partners Asset Management were worth $68,432,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Entropy Technologies LP purchased a new stake in Artisan Partners Asset Management in the fourth quarter worth about $352,000. Measured Wealth Private Client Group LLC boosted its position in Artisan Partners Asset Management by 49.0% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 11,428 shares of the asset manager’s stock valued at $492,000 after acquiring an additional 3,760 shares in the last quarter. Choreo LLC bought a new position in shares of Artisan Partners Asset Management in the 4th quarter worth $295,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Artisan Partners Asset Management by 18.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,592 shares of the asset manager’s stock valued at $2,225,000 after purchasing an additional 7,966 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in 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 purchasing an additional 16,166 shares in the last quarter. 86.45% of the stock is owned by institutional investors.

Artisan Partners Asset Management Trading Down 1.0 %

Shares of NYSE:APAM opened at $44.51 on Friday. The company has a current ratio of 0.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $3.58 billion, a PE ratio of 12.23 and a beta of 1.81. The business has a 50 day moving average of $44.47 and a two-hundred day moving average of $43.69. Artisan Partners Asset Management Inc. has a 12-month low of $37.89 and a 12-month high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data 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 forecast that Artisan Partners Asset Management Inc. will post 3.53 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Friday, February 14th. Artisan Partners Asset Management’s payout ratio is presently 90.11%.

Analysts Set New Price Targets

APAM has been the subject of several recent analyst reports. Evercore ISI increased their target price on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. StockNews.com cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Thursday. TD Cowen upped their price objective on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Finally, 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. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $44.38.

Artisan Partners Asset Management Company 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.