Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp increased its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 21.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,650 shares of the asset manager’s stock after acquiring an additional 470 shares during the period. Jones Financial Companies Lllp’s holdings in Artisan Partners Asset Management were worth $114,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. lifted its stake in Artisan Partners Asset Management by 6.9% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,533,396 shares of the asset manager’s stock worth $66,426,000 after acquiring an additional 99,005 shares in the last quarter. Quest Partners LLC increased its holdings in Artisan Partners Asset Management by 210.0% during the 3rd quarter. Quest Partners LLC now owns 59,735 shares of the asset manager’s stock worth $2,588,000 after purchasing an additional 40,468 shares during the period. Geode Capital Management LLC increased its holdings in Artisan Partners Asset Management by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager’s stock worth $76,920,000 after purchasing an additional 82,868 shares during the period. Principal Financial Group Inc. increased 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 purchasing an additional 10,802 shares during the period. Finally, Jennison Associates LLC increased its holdings in Artisan Partners Asset Management by 60.8% during the 4th 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 during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on APAM. StockNews.com downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Royal Bank of Canada cut their price target on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Artisan Partners Asset Management currently has a consensus rating of “Hold” and an average target price of $44.38.

Artisan Partners Asset Management Price Performance

Shares of NYSE APAM opened at $39.57 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56. Artisan Partners Asset Management Inc. has a fifty-two week low of $37.89 and a fifty-two week high of $49.54. The firm has a market capitalization of $3.18 billion, a PE ratio of 10.87 and a beta of 1.83. The stock’s 50-day simple moving average is $42.82 and its 200-day simple moving average is $43.94.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.08. Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%. As a group, equities research 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 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. This represents a $2.00 annualized dividend and a yield of 5.05%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 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.