Russell Investments Group Ltd. Has $1.28 Million Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Russell Investments Group Ltd. raised its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 4,858.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,800 shares of the asset manager’s stock after acquiring an additional 29,199 shares during the quarter. Russell Investments Group Ltd.’s holdings in Artisan Partners Asset Management were worth $1,283,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Larson Financial Group LLC raised its position in Artisan Partners Asset Management by 82.7% in the fourth quarter. Larson Financial Group LLC now owns 581 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 263 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Artisan Partners Asset Management by 110.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager’s stock worth $27,000 after buying an additional 330 shares during the period. Smartleaf Asset Management LLC grew its holdings in Artisan Partners Asset Management by 166.8% during 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 during the last quarter. SBI Securities Co. Ltd. acquired a new position in Artisan Partners Asset Management in the 4th quarter valued at approximately $57,000. Finally, R Squared Ltd bought a new position in shares of Artisan Partners Asset Management during the fourth quarter valued at $62,000. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Price Performance

Artisan Partners Asset Management stock opened at $35.04 on Monday. The business’s 50 day simple moving average is $39.80 and its 200 day simple moving average is $43.21. Artisan Partners Asset Management Inc. has a 12 month low of $32.75 and a 12 month high of $49.54. The company has a market cap of $2.81 billion, a price-to-earnings ratio of 9.63 and a beta of 1.80. 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 (NYSE:APAM) last issued its earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) 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%. Sell-side analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.71%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 92.31%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. TD Cowen lowered their price objective on Artisan Partners Asset Management from $46.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. StockNews.com lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Tuesday, April 8th. Royal Bank of Canada lowered 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 note on Monday, February 3rd. Finally, Evercore ISI decreased their price target on Artisan Partners Asset Management from $40.00 to $33.00 and set an “in-line” rating for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Artisan Partners Asset Management presently has an average rating of “Hold” and a consensus target price of $39.63.

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.