Artisan Partners Asset Management Inc. $APAM Shares Newly Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 67,660 shares of the asset manager’s stock, valued at approximately $2,444,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.08% of Artisan Partners Asset Management at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in APAM. Prosperitas Financial LLC raised its position in Artisan Partners Asset Management by 9.6% during the third quarter. Prosperitas Financial LLC now owns 8,979 shares of the asset manager’s stock valued at $324,000 after purchasing an additional 786 shares during the period. Park Avenue Securities LLC bought a new stake in shares of Artisan Partners Asset Management in the 3rd quarter valued at approximately $212,000. Provident Investment Management Inc. boosted its holdings in shares of Artisan Partners Asset Management by 17.6% in the 3rd quarter. Provident Investment Management Inc. now owns 28,085 shares of the asset manager’s stock worth $1,014,000 after purchasing an additional 4,210 shares during the period. Carolina Wealth Advisors LLC boosted its holdings in shares of Artisan Partners Asset Management by 1.8% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 57,579 shares of the asset manager’s stock worth $2,080,000 after purchasing an additional 1,002 shares during the period. Finally, Sterling Capital Management LLC boosted its holdings in shares of Artisan Partners Asset Management by 169.6% in the 3rd quarter. Sterling Capital Management LLC now owns 1,793 shares of the asset manager’s stock worth $65,000 after purchasing an additional 1,128 shares during the period. Institutional investors own 86.45% of the company’s stock.

Insider Transactions at Artisan Partners Asset Management

In related news, EVP Gregory Ramirez sold 7,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $42.59, for a total transaction of $298,130.00. Following the completion of the transaction, the executive vice president owned 109,194 shares in the company, valued at $4,650,572.46. The trade was a 6.02% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. The Goldman Sachs Group decreased their price target on Artisan Partners Asset Management from $35.00 to $31.00 and set a “sell” rating on the stock in a report on Friday, October 2nd. Royal Bank Of Canada dropped their price objective on shares of Artisan Partners Asset Management from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, October 30th. Zacks Research lowered shares of Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. Evercore set a $33.00 price objective on shares of Artisan Partners Asset Management in a research report on Thursday, October 29th. Finally, TD Cowen reduced their target price on shares of Artisan Partners Asset Management from $37.00 to $33.00 and set a “hold” rating on the stock in a research note on Monday, October 12th. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $34.75.

Artisan Partners Asset Management Stock Down 1.5%

Shares of NYSE APAM opened at $39.18 on Friday. Artisan Partners Asset Management Inc. has a 1 year low of $30.86 and a 1 year high of $46.53. The firm has a 50-day simple moving average of $36.42 and a two-hundred day simple moving average of $38.24. The company has a market cap of $3.18 billion, a P/E ratio of 9.26 and a beta of 1.74. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.96 and a quick ratio of 0.96.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, October 27th. The asset manager reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.07. Artisan Partners Asset Management had a return on equity of 71.69% and a net margin of 24.54%. The firm had revenue of $312.52 million for the quarter, compared to analysts’ expectations of $307.60 million. During the same quarter in the prior year, the firm posted $1.02 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. Research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.94 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 9.0%. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.80. Artisan Partners Asset Management’s dividend payout ratio is 75.65%.

Artisan Partners Asset Management Profile

Artisan Partners Asset Management Inc is an investment management company that provides actively managed investment strategies to institutional and intermediary clients, as well as certain private wealth investors. The company operates through Artisan Partners, L.P. and related entities, offering investment expertise across equity, fixed-income and alternative asset classes.

Its products and services include strategies focused on U.S. and international equities, emerging markets, non-U.S.