Chicago Equity Partners LLC lessened its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 59.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,100 shares of the asset manager’s stock after selling 30,595 shares during the period. Chicago Equity Partners LLC’s holdings in Artisan Partners Asset Management were worth $688,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in APAM. Vanguard Group Inc. raised its position in Artisan Partners Asset Management by 21.7% in the 1st quarter. Vanguard Group Inc. now owns 3,767,507 shares of the asset manager’s stock valued at $103,983,000 after buying an additional 671,858 shares during the last quarter. State Street Corp raised its position in Artisan Partners Asset Management by 63.7% in the 2nd quarter. State Street Corp now owns 1,037,204 shares of the asset manager’s stock valued at $31,842,000 after buying an additional 403,737 shares during the last quarter. Northern Trust Corp raised its position in Artisan Partners Asset Management by 93.6% in the 2nd quarter. Northern Trust Corp now owns 734,735 shares of the asset manager’s stock valued at $22,556,000 after buying an additional 355,272 shares during the last quarter. Teachers Advisors LLC raised its position in Artisan Partners Asset Management by 686.1% in the 2nd quarter. Teachers Advisors LLC now owns 337,536 shares of the asset manager’s stock valued at $10,362,000 after buying an additional 294,599 shares during the last quarter. Finally, Capital World Investors raised its position in Artisan Partners Asset Management by 34.3% in the 2nd quarter. Capital World Investors now owns 705,000 shares of the asset manager’s stock valued at $21,644,000 after buying an additional 180,000 shares during the last quarter. 64.58% of the stock is currently owned by institutional investors and hedge funds.

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A number of equities research analysts recently issued reports on the company. BidaskClub lowered Artisan Partners Asset Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 28th. Royal Bank Of Canada set a $36.00 price target on Artisan Partners Asset Management and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Tuesday, October 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $32.00 price target on shares of Artisan Partners Asset Management in a research report on Tuesday, September 26th. Finally, Sidoti raised Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a research report on Friday, August 4th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $31.93.

Artisan Partners Asset Management Inc. (APAM) opened at $37.00 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market capitalization of $2,743.12, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 1.56 and a beta of 1.77. Artisan Partners Asset Management Inc. has a 1 year low of $26.30 and a 1 year high of $37.55.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, October 31st. The asset manager reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $204.60 million for the quarter, compared to analyst estimates of $204.53 million. Artisan Partners Asset Management had a return on equity of 95.09% and a net margin of 12.58%. The firm’s revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.56 EPS. sell-side analysts forecast that Artisan Partners Asset Management Inc. will post 2.4 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.49%. The ex-dividend date is Wednesday, November 15th. Artisan Partners Asset Management’s payout ratio is presently 129.73%.

Artisan Partners Asset Management Profile

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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