Tdam USA Inc. cut its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 12.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,260 shares of the asset manager’s stock after selling 2,842 shares during the period. Tdam USA Inc.’s holdings in Artisan Partners Asset Management were worth $591,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the company. Segantii Capital Management Ltd acquired a new position in shares of Artisan Partners Asset Management during the first quarter worth $135,000. Tower Research Capital LLC TRC acquired a new position in shares of Artisan Partners Asset Management during the first quarter worth $151,000. Utah Retirement Systems increased its position in shares of Artisan Partners Asset Management by 10.4% in the first quarter. Utah Retirement Systems now owns 7,400 shares of the asset manager’s stock worth $205,000 after buying an additional 700 shares during the last quarter. First Mercantile Trust Co. increased its position in shares of Artisan Partners Asset Management by 23.1% in the first quarter. First Mercantile Trust Co. now owns 7,723 shares of the asset manager’s stock worth $213,000 after buying an additional 1,451 shares during the last quarter. Finally, KCG Holdings Inc. acquired a new position in shares of Artisan Partners Asset Management during the first quarter worth $213,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Artisan Partners Asset Management Inc. (NYSE APAM) opened at 31.00 on Thursday. Artisan Partners Asset Management Inc. has a 1-year low of $24.48 and a 1-year high of $33.85. The company has a 50-day moving average price of $31.42 and a 200 day moving average price of $29.28. The stock has a market cap of $1.54 billion, a P/E ratio of 17.68 and a beta of 1.75.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Monday, July 31st. The asset manager reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by $0.01. Artisan Partners Asset Management had a return on equity of 78.75% and a net margin of 11.37%. The company had revenue of $196.20 million during the quarter, compared to analysts’ expectations of $194.25 million. During the same quarter in the prior year, the business posted $0.53 EPS. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. Equities analysts expect that Artisan Partners Asset Management Inc. will post $2.34 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 7.74%. The ex-dividend date is Tuesday, August 15th. Artisan Partners Asset Management’s dividend payout ratio is currently 145.46%.

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A number of equities analysts have recently weighed in on the company. TheStreet upgraded Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research note on Monday, July 17th. Jefferies Group LLC restated a “hold” rating and issued a $32.00 target price on shares of Artisan Partners Asset Management in a research note on Friday, July 14th. Royal Bank Of Canada set a $36.00 target price on Artisan Partners Asset Management and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Monday, June 5th. Finally, Keefe, Bruyette & Woods upgraded Artisan Partners Asset Management from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $30.00 to $33.00 in a research note on Monday, May 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $29.94.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.

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Institutional Ownership by Quarter for Artisan Partners Asset Management (NYSE:APAM)

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