Channing Capital Management LLC grew its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 11.3% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,749,264 shares of the asset manager’s stock after acquiring an additional 178,215 shares during the period. Artisan Partners Asset Management accounts for approximately 2.1% of Channing Capital Management LLC’s holdings, making the stock its 16th largest position. Channing Capital Management LLC owned about 3.52% of Artisan Partners Asset Management worth $57,026,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Quantbot Technologies LP boosted its holdings in shares of Artisan Partners Asset Management by 3.5% during the 2nd quarter. Quantbot Technologies LP now owns 3,591 shares of the asset manager’s stock worth $110,000 after buying an additional 120 shares during the period. New York State Teachers Retirement System bought a new stake in shares of Artisan Partners Asset Management during the 3rd quarter worth $127,000. Ameritas Investment Partners Inc. bought a new stake in shares of Artisan Partners Asset Management during the 2nd quarter worth $120,000. Financial Sense Advisors Inc. bought a new stake in shares of Artisan Partners Asset Management during the 3rd quarter worth $219,000. Finally, Cigna Investments Inc. New bought a new stake in shares of Artisan Partners Asset Management during the 2nd quarter worth $227,000. 64.53% of the stock is owned by institutional investors.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. Artisan Partners Asset Management had a net margin of 12.58% and a return on equity of 95.09%. The firm had revenue of $204.60 million during the quarter, compared to analysts’ expectations of $204.53 million. During the same period in the previous year, the business posted $0.56 earnings per share. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $2.40 dividend on an annualized basis and a yield of 6.76%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 129.73%.

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APAM has been the subject of several recent analyst reports. ValuEngine raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. TheStreet raised shares of Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a report on Monday, July 17th. Jefferies Group LLC reaffirmed a “hold” rating and set a $32.00 price objective on shares of Artisan Partners Asset Management in a report on Friday, July 14th. Keefe, Bruyette & Woods downgraded shares of Artisan Partners Asset Management from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $32.00 to $33.00 in a report on Wednesday, August 2nd. Finally, BidaskClub downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Artisan Partners Asset Management presently has an average rating of “Hold” and a consensus price target of $30.56.

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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