Quantbot Technologies LP Cuts Stock Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Quantbot Technologies LP trimmed its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 64.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,437 shares of the asset manager’s stock after selling 29,843 shares during the period. Quantbot Technologies LP’s holdings in Artisan Partners Asset Management were worth $708,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its stake in Artisan Partners Asset Management by 4.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,772,632 shares of the asset manager’s stock valued at $119,362,000 after purchasing an additional 128,717 shares during the period. State Street Corp lifted its holdings in shares of Artisan Partners Asset Management by 1.2% in the third quarter. State Street Corp now owns 2,742,935 shares of the asset manager’s stock worth $118,824,000 after buying an additional 33,723 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of Artisan Partners Asset Management by 25.3% during the third quarter. Wasatch Advisors LP now owns 1,812,080 shares of the asset manager’s stock worth $78,499,000 after acquiring an additional 365,434 shares during the last quarter. Geode Capital Management LLC grew its stake in Artisan Partners Asset Management by 4.9% during the third quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager’s stock valued at $76,920,000 after acquiring an additional 82,868 shares in the last quarter. Finally, Channing Capital Management LLC increased its holdings in Artisan Partners Asset Management by 14.5% in the 4th quarter. Channing Capital Management LLC now owns 1,770,526 shares of the asset manager’s stock valued at $76,221,000 after acquiring an additional 224,455 shares during the last quarter. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Performance

Shares of NYSE:APAM opened at $40.88 on Thursday. The firm has a fifty day simple moving average of $42.70 and a two-hundred day simple moving average of $43.94. Artisan Partners Asset Management Inc. has a 52 week low of $37.89 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 stock has a market capitalization of $3.28 billion, a P/E ratio of 11.23 and a beta of 1.83.

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 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%. On average, analysts expect that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.50 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 4.89%. Artisan Partners Asset Management’s dividend payout ratio is presently 92.31%.

Wall Street Analyst Weigh In

APAM has been the subject of several research reports. Royal Bank of Canada dropped their price objective on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $44.38.

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.