Connor Clark & Lunn Investment Management Ltd. Buys Shares of 48,400 Artisan Partners Asset Management Inc. (NYSE:APAM)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) in the fourth quarter, Holdings Channel.com reports. The fund bought 48,400 shares of the asset manager’s stock, valued at approximately $2,084,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Larson Financial Group LLC increased its position in Artisan Partners Asset Management by 82.7% during the 4th 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 period. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of 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 buying an additional 642 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Artisan Partners Asset Management during the 4th quarter worth approximately $57,000. Finally, R Squared Ltd bought a new position in shares of Artisan Partners Asset Management during the 4th quarter worth approximately $62,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on APAM shares. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday. Royal Bank of Canada cut their price target on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $44.38.

Artisan Partners Asset Management Price Performance

Shares of APAM opened at $40.29 on Wednesday. Artisan Partners Asset Management Inc. has a 12-month low of $37.89 and a 12-month high of $49.54. The business’s fifty day moving average is $42.77 and its 200 day moving average is $43.94. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The stock has a market cap of $3.24 billion, a P/E ratio of 11.07 and a beta of 1.83.

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, topping 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%. Sell-side 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 business also recently declared 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 4.96%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management’s payout ratio is currently 92.31%.

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.