Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC grew its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 3,041.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 150,730 shares of the asset manager’s stock after acquiring an additional 145,932 shares during the quarter. Hsbc Holdings PLC owned about 0.19% of Artisan Partners Asset Management worth $6,495,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Montreal Can increased its stake in shares of Artisan Partners Asset Management by 40.2% in the 4th quarter. Bank of Montreal Can now owns 15,646 shares of the asset manager’s stock worth $674,000 after acquiring an additional 4,485 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Artisan Partners Asset Management by 3.3% during the fourth quarter. Principal Financial Group Inc. now owns 341,336 shares of the asset manager’s stock worth $14,695,000 after buying an additional 10,802 shares during the period. Oppenheimer & Co. Inc. acquired a new stake in shares of Artisan Partners Asset Management during the fourth quarter valued at about $255,000. Jennison Associates LLC raised its stake in shares of 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 acquiring an additional 16,166 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of 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 worth $2,225,000 after acquiring an additional 7,966 shares during the last quarter. 86.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on APAM. Evercore ISI decreased their price objective on shares of Artisan Partners Asset Management from $40.00 to $33.00 and set an “in-line” rating on the stock in a report on Friday, April 11th. StockNews.com lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Tuesday, April 8th. Royal Bank of Canada decreased their price objective on shares of 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. Finally, TD Cowen decreased their price objective on shares of Artisan Partners Asset Management from $46.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, April 9th. One 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 data from MarketBeat, Artisan Partners Asset Management has a consensus rating of “Hold” and a consensus target price of $39.63.

Artisan Partners Asset Management Price Performance

Artisan Partners Asset Management stock opened at $37.24 on Tuesday. The firm has a market cap of $2.99 billion, a PE ratio of 10.23 and a beta of 1.80. Artisan Partners Asset Management Inc. has a 52-week low of $32.75 and a 52-week high of $49.54. 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 company’s 50 day moving average is $38.86 and its two-hundred day moving average is $42.94.

Artisan Partners Asset Management (NYSE:APAM) last released 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 net margin of 23.36% and a return on equity of 74.02%. On average, 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.37%. Artisan Partners Asset Management’s payout ratio is 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.