Aigen Investment Management LP Makes New $361,000 Investment in Artisan Partners Asset Management Inc. (NYSE:APAM)

Aigen Investment Management LP bought a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 8,384 shares of the asset manager’s stock, valued at approximately $361,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC raised its position in shares of Artisan Partners Asset Management by 166.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager’s stock worth $44,000 after acquiring an additional 642 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Artisan Partners Asset Management in the 4th quarter worth about $57,000. R Squared Ltd bought a new position in shares of Artisan Partners Asset Management in the 4th quarter worth about $62,000. GAMMA Investing LLC raised its position in shares of Artisan Partners Asset Management by 31.0% in the 4th quarter. GAMMA Investing LLC now owns 1,478 shares of the asset manager’s stock worth $64,000 after acquiring an additional 350 shares in the last quarter. Finally, MCF Advisors LLC raised its position in shares of Artisan Partners Asset Management by 70.9% in the 4th quarter. MCF Advisors LLC now owns 1,538 shares of the asset manager’s stock worth $66,000 after acquiring an additional 638 shares in the last quarter. 86.45% of the stock is owned by institutional investors and hedge funds.

Artisan Partners Asset Management Stock Performance

Shares of Artisan Partners Asset Management stock opened at $43.16 on Friday. Artisan Partners Asset Management Inc. has a one year low of $37.89 and a one year high of $49.54. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 11.86 and a beta of 1.83. The business has a 50-day simple moving average of $43.13 and a 200 day simple moving average of $44.00. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, beating analysts’ consensus estimates 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, research analysts anticipate 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 company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend was Friday, February 14th. Artisan Partners Asset Management’s payout ratio is 92.31%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on APAM shares. Royal Bank of Canada lowered their price objective on 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 raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.