Vaughan Nelson Investment Management L.P. Purchases 56,190 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Vaughan Nelson Investment Management L.P. increased its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,589,586 shares of the asset manager’s stock after purchasing an additional 56,190 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 1.98% of Artisan Partners Asset Management worth $68,432,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in APAM. Entropy Technologies LP purchased a new stake in shares of Artisan Partners Asset Management in the fourth quarter worth $352,000. Measured Wealth Private Client Group LLC increased its holdings in shares of Artisan Partners Asset Management by 49.0% in the 4th quarter. Measured Wealth Private Client Group LLC now owns 11,428 shares of the asset manager’s stock worth $492,000 after purchasing an additional 3,760 shares in the last quarter. Choreo LLC purchased a new stake in shares of Artisan Partners Asset Management during the fourth quarter valued at $295,000. Mirae Asset Global Investments Co. Ltd. raised its position in Artisan Partners Asset Management by 18.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,592 shares of the asset manager’s stock worth $2,225,000 after buying an additional 7,966 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of 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 acquiring an additional 16,166 shares during the period. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Performance

NYSE:APAM opened at $44.51 on Friday. The stock has a 50-day moving average price of $44.47 and a 200 day moving average price of $43.69. The company has a current ratio of 0.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47. Artisan Partners Asset Management Inc. has a 12-month low of $37.89 and a 12-month high of $49.54. The stock has a market capitalization of $3.58 billion, a P/E ratio of 12.23 and a beta of 1.81.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results 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%. Equities research analysts forecast that Artisan Partners Asset Management Inc. will post 3.53 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.50 per share. 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 dividend payout ratio is presently 90.11%.

Analysts Set New Price Targets

APAM has been the subject of a number of research reports. TD Cowen boosted their target price on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Royal Bank of Canada cut 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 report on Monday, February 3rd. StockNews.com downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Evercore ISI lifted their target price on 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. 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 company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus 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.