Y Intercept Hong Kong Ltd Invests $614,000 in Artisan Partners Asset Management Inc. (NYSE:APAM)

Y Intercept Hong Kong Ltd bought a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,265 shares of the asset manager’s stock, valued at approximately $614,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in APAM. Wasatch Advisors LP increased 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 in the last quarter. Victory Capital Management Inc. increased its position in shares of Artisan Partners Asset Management by 22.0% during the third quarter. Victory Capital Management Inc. now owns 1,122,086 shares of the asset manager’s stock worth $48,609,000 after acquiring an additional 202,074 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Artisan Partners Asset Management by 6.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,643,915 shares of the asset manager’s stock worth $114,534,000 after acquiring an additional 154,536 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Artisan Partners Asset Management by 6.9% during the third 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. Finally, Ibex Wealth Advisors bought a new stake in shares of Artisan Partners Asset Management during the fourth quarter worth about $4,247,000. 86.45% of the stock is owned by institutional investors.

Artisan Partners Asset Management Trading Up 2.2 %

Shares of APAM stock opened at $42.18 on Friday. 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 debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56. The company has a 50-day simple moving average of $43.36 and a two-hundred day simple moving average of $43.95. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 11.59 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 earnings per share for the quarter, beating 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%. Research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management’s payout ratio is 92.31%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. StockNews.com raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Friday. Evercore ISI upped their price objective on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Finally, Royal Bank of Canada reduced 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 research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Artisan Partners Asset Management 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.