Callan Family Office LLC Acquires New Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Callan Family Office LLC acquired a new stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,985 shares of the asset manager’s stock, valued at approximately $473,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vaughan Nelson Investment Management L.P. lifted its stake 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 valued at $66,426,000 after buying an additional 99,005 shares during the period. Quest Partners LLC boosted its position in shares of Artisan Partners Asset Management by 210.0% in the third quarter. Quest Partners LLC now owns 59,735 shares of the asset manager’s stock worth $2,588,000 after acquiring an additional 40,468 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Artisan Partners Asset Management by 4.9% in the third quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager’s stock worth $76,920,000 after acquiring an additional 82,868 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Artisan Partners Asset Management by 3.3% in the fourth quarter. Principal Financial Group Inc. now owns 341,336 shares of the asset manager’s stock worth $14,695,000 after acquiring an additional 10,802 shares during the last quarter. Finally, Jennison Associates LLC boosted its position 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 last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on APAM shares. StockNews.com raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Friday, February 28th. Royal Bank of Canada decreased their target price on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Artisan Partners Asset Management has a consensus rating of “Hold” and a consensus target price of $44.38.

Artisan Partners Asset Management Trading Up 2.1 %

APAM opened at $43.16 on Monday. The stock has a market capitalization of $3.47 billion, a PE ratio of 11.86 and a beta of 1.83. The firm’s fifty day moving average price is $43.13 and its 200 day moving average price is $44.02. 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 Inc. has a 12-month low of $37.89 and a 12-month high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) 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%. As a group, research analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.50 per share. The ex-dividend date was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 4.63%. Artisan Partners Asset Management’s dividend payout ratio is currently 92.31%.

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.