BB&T Securities LLC lessened its holdings in shares of Artisan Partners Asset Management Inc (NYSE:APAM) by 15.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,631 shares of the asset manager’s stock after selling 3,000 shares during the period. BB&T Securities LLC’s holdings in Artisan Partners Asset Management were worth $469,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Hillsdale Investment Management Inc. acquired a new position in shares of Artisan Partners Asset Management during the second quarter worth $25,000. Financial Gravity Wealth Inc. acquired a new position in shares of Artisan Partners Asset Management during the second quarter worth $39,000. Anderson Fisher LLC acquired a new position in shares of Artisan Partners Asset Management during the second quarter worth $41,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Artisan Partners Asset Management by 89.1% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,509 shares of the asset manager’s stock worth $42,000 after purchasing an additional 711 shares during the period. Finally, Bank of Montreal Can lifted its holdings in shares of Artisan Partners Asset Management by 148,633.3% during the second quarter. Bank of Montreal Can now owns 4,462 shares of the asset manager’s stock worth $123,000 after purchasing an additional 4,459 shares during the period. Institutional investors own 63.17% of the company’s stock.

A number of equities analysts have recently commented on the stock. Citigroup upgraded shares of Artisan Partners Asset Management from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $25.00 to $33.00 in a report on Wednesday, November 6th. ValuEngine lowered shares of Artisan Partners Asset Management from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Finally, Zacks Investment Research upgraded shares of Artisan Partners Asset Management from a “sell” rating to a “hold” rating in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $30.00.

APAM stock opened at $29.41 on Wednesday. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 10.00, a PEG ratio of 1.02 and a beta of 1.86. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.46. Artisan Partners Asset Management Inc has a 12-month low of $20.16 and a 12-month high of $30.18. The company’s fifty day simple moving average is $27.40 and its 200 day simple moving average is $27.25.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, October 29th. The asset manager reported $0.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.70. The business had revenue of $202.90 million for the quarter, compared to analyst estimates of $202.46 million. Artisan Partners Asset Management had a net margin of 18.48% and a return on equity of 169.99%. Artisan Partners Asset Management’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.79 earnings per share. Research analysts expect that Artisan Partners Asset Management Inc will post 2.63 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a $0.65 dividend. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.60. The ex-dividend date is Thursday, November 14th. This represents a $2.60 annualized dividend and a yield of 8.84%. Artisan Partners Asset Management’s payout ratio is presently 81.63%.

About Artisan Partners Asset Management

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.

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

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