Entropy Technologies LP Acquires Shares of 8,183 Artisan Partners Asset Management Inc. (NYSE:APAM)

Entropy Technologies LP acquired a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 8,183 shares of the asset manager’s stock, valued at approximately $352,000.

Several other hedge funds also recently modified their holdings of the business. Measured Wealth Private Client Group LLC increased its stake in shares of Artisan Partners Asset Management by 49.0% during the 4th quarter. Measured Wealth Private Client Group LLC now owns 11,428 shares of the asset manager’s stock worth $492,000 after purchasing an additional 3,760 shares during the last quarter. Choreo LLC acquired a new position in Artisan Partners Asset Management in the 4th quarter valued at $295,000. Mirae Asset Global Investments Co. Ltd. grew its stake in Artisan Partners Asset Management by 18.7% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,592 shares of the asset manager’s stock valued at $2,225,000 after buying an additional 7,966 shares during the last quarter. Jennison Associates LLC grew its stake in Artisan Partners Asset Management by 60.8% in the 4th quarter. Jennison Associates LLC now owns 42,759 shares of the asset manager’s stock valued at $1,841,000 after buying an additional 16,166 shares during the last quarter. Finally, Burford Brothers Inc. acquired a new position in Artisan Partners Asset Management in the 4th quarter valued at $471,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Wall Street Analysts Forecast Growth

APAM has been the subject of a number of analyst reports. StockNews.com downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Evercore ISI raised their price objective on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Royal Bank of Canada lowered 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. Finally, TD Cowen lifted their price target on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. One 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. According to MarketBeat, Artisan Partners Asset Management currently has an average rating of “Hold” and a consensus price target of $44.38.

Artisan Partners Asset Management Stock Down 2.5 %

Artisan Partners Asset Management stock opened at $44.17 on Thursday. The company’s 50 day simple moving average is $44.21 and its 200 day simple moving average is $43.73. Artisan Partners Asset Management Inc. has a fifty-two week low of $37.89 and a fifty-two week high of $49.54. The firm has a market capitalization of $3.55 billion, a price-to-earnings ratio of 12.13 and a beta of 1.81. 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 announced its quarterly 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%. As a group, sell-side analysts anticipate that Artisan Partners Asset Management Inc. will post 3.53 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.50 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 4.53%. Artisan Partners Asset Management’s dividend payout ratio is currently 90.11%.

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.