Global Thematic Partners LLC increased its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 16.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 977,192 shares of the company’s stock after buying an additional 139,892 shares during the period. Global Thematic Partners LLC’s holdings in Artisan Partners Asset Management were worth $26,582,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new position in shares of Artisan Partners Asset Management during the second quarter worth $105,000. Teacher Retirement System of Texas raised its position in shares of Artisan Partners Asset Management by 24.2% in the second quarter. Teacher Retirement System of Texas now owns 5,412 shares of the company’s stock worth $150,000 after buying an additional 1,053 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Artisan Partners Asset Management during the second quarter worth $171,000. Great West Life Assurance Co. Can raised its position in shares of Artisan Partners Asset Management by 102.6% in the third quarter. Great West Life Assurance Co. Can now owns 6,381 shares of the company’s stock worth $173,000 after buying an additional 3,231 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of Artisan Partners Asset Management by 27.6% in the second quarter. BlackRock Inc. now owns 6,356 shares of the company’s stock worth $176,000 after buying an additional 1,376 shares in the last quarter. 54.83% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) traded up 0.69% during mid-day trading on Wednesday, hitting $29.20. The stock had a trading volume of 68,651 shares. Artisan Partners Asset Management Inc. has a 12-month low of $23.65 and a 12-month high of $39.98. The company has a 50 day moving average price of $27.43 and a 200 day moving average price of $28.26. The firm has a market cap of $1.23 billion, a P/E ratio of 18.00 and a beta of 1.70.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Monday, October 31st. The company reported $0.56 EPS for the quarter, meeting the consensus estimate of $0.56. Artisan Partners Asset Management had a return on equity of 136.53% and a net margin of 10.09%. The firm had revenue of $184.10 million for the quarter, compared to analysts’ expectations of $182.31 million. During the same period last year, the firm earned $0.67 EPS. The firm’s revenue was down 7.2% compared to the same quarter last year. Equities analysts forecast that Artisan Partners Asset Management Inc. will post $2.14 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Wednesday, November 16th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 8.28%. The ex-dividend date is Monday, November 14th. Artisan Partners Asset Management’s dividend payout ratio is currently 149.07%.

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A number of research analysts recently weighed in on the company. Credit Suisse Group AG reaffirmed a “hold” rating and set a $21.00 price objective on shares of Artisan Partners Asset Management in a report on Monday, November 7th. Jefferies Group reaffirmed a “hold” rating and set a $29.00 price objective on shares of Artisan Partners Asset Management in a report on Monday, October 17th. Keefe, Bruyette & Woods set a $29.00 target price on Artisan Partners Asset Management and gave the stock a “hold” rating in a research report on Saturday, October 15th. Finally, Zacks Investment Research upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Thursday, October 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $28.60.

In other Artisan Partners Asset Management news, Director Stephanie Dimarco bought 1,078 shares of the stock in a transaction that occurred on Wednesday, November 30th. The shares were purchased at an average cost of $38.95 per share, for a total transaction of $41,988.10. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 40.29% of the stock is owned by corporate insiders.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is an investment management firm focused on providing investment strategies to clients around the global. The Company’s operations are conducted through Artisan Partners Holdings LP and its subsidiaries. It operates in the investment management industry. The Company provides investment management services to separate accounts and mutual funds, and other pooled investment vehicles.

5 Day Chart for NYSE:APAM

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