California Public Employees Retirement System raised its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,000 shares of the asset manager’s stock after buying an additional 300 shares during the period. California Public Employees Retirement System’s holdings in Artisan Partners Asset Management were worth $1,104,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Teachers Advisors LLC increased its stake in Artisan Partners Asset Management by 4.2% in the first quarter. Teachers Advisors LLC now owns 42,937 shares of the asset manager’s stock valued at $1,185,000 after buying an additional 1,725 shares during the period. Alliancebernstein L.P. increased its stake in shares of Artisan Partners Asset Management by 0.3% in the first quarter. Alliancebernstein L.P. now owns 19,918 shares of the asset manager’s stock worth $550,000 after buying an additional 50 shares during the period. Cornerstone Capital Management Holdings LLC. increased its stake in shares of Artisan Partners Asset Management by 268.3% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 67,993 shares of the asset manager’s stock worth $1,875,000 after buying an additional 49,533 shares during the period. Neuberger Berman Group LLC increased its stake in shares of Artisan Partners Asset Management by 18.7% in the first quarter. Neuberger Berman Group LLC now owns 2,068,589 shares of the asset manager’s stock worth $57,093,000 after buying an additional 325,530 shares during the period. Finally, Frontier Capital Management Co. LLC increased its stake in shares of Artisan Partners Asset Management by 24.3% in the first quarter. Frontier Capital Management Co. LLC now owns 627,629 shares of the asset manager’s stock worth $17,323,000 after buying an additional 122,877 shares during the period. 96.22% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Inc. (NYSE APAM) remained flat at $30.15 during trading on Friday. 52,364 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $31.44 and a 200 day moving average price of $29.29. The firm has a market cap of $1.50 billion, a PE ratio of 17.79 and a beta of 1.75. Artisan Partners Asset Management Inc. has a 52 week low of $24.48 and a 52 week high of $33.85.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 7.96%. Artisan Partners Asset Management’s payout ratio is currently 145.46%.

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A number of analysts recently issued reports on APAM shares. Zacks Investment Research raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Friday, April 14th. Keefe, Bruyette & Woods raised shares of Artisan Partners Asset Management from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $30.00 to $33.00 in a report on Monday, May 1st. ValuEngine downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Royal Bank Of Canada started coverage on shares of Artisan Partners Asset Management in a report on Thursday, June 29th. They set an “outperform” rating and a $34.00 price target on the stock. Finally, BidaskClub raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.94.

Artisan Partners Asset Management Company 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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