Dimensional Fund Advisors LP raised its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 25.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 870,112 shares of the asset manager’s stock after buying an additional 179,032 shares during the period. Dimensional Fund Advisors LP’s holdings in Artisan Partners Asset Management were worth $24,015,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of APAM. Geode Capital Management LLC raised its position in shares of Artisan Partners Asset Management by 31.0% in the first quarter. Geode Capital Management LLC now owns 344,561 shares of the asset manager’s stock worth $9,509,000 after buying an additional 81,558 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in shares of Artisan Partners Asset Management by 0.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,106 shares of the asset manager’s stock worth $224,000 after buying an additional 47 shares during the period. Vanguard Group Inc. raised its position in shares of Artisan Partners Asset Management by 21.7% in the first quarter. Vanguard Group Inc. now owns 3,767,507 shares of the asset manager’s stock worth $103,983,000 after buying an additional 671,858 shares during the period. Global X Management Co. LLC raised its position in shares of Artisan Partners Asset Management by 12.3% in the first quarter. Global X Management Co. LLC now owns 285,625 shares of the asset manager’s stock worth $7,883,000 after buying an additional 31,362 shares during the period. Finally, Ngam Advisors L.P. raised its position in shares of Artisan Partners Asset Management by 59.8% in the first quarter. Ngam Advisors L.P. now owns 146,434 shares of the asset manager’s stock worth $4,042,000 after buying an additional 54,776 shares during the period. 96.22% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Inc. (NYSE APAM) traded up 0.397% on Tuesday, reaching $31.575. The company had a trading volume of 16,791 shares. Artisan Partners Asset Management Inc. has a 12 month low of $24.48 and a 12 month high of $33.85. The company’s 50 day moving average price is $31.20 and its 200-day moving average price is $29.18. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of 18.012 and a beta of 1.75.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 7.63%. Artisan Partners Asset Management’s payout ratio is currently 145.46%.

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A number of research analysts have recently commented on the company. Sidoti raised Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a report on Friday. They noted that the move was a valuation call. Keefe, Bruyette & Woods lowered Artisan Partners Asset Management from an “outperform” rating to a “market perform” rating and raised their price target for the company from $32.00 to $33.00 in a report on Wednesday, August 2nd. Royal Bank Of Canada set a $36.00 price target on Artisan Partners Asset Management and gave the company a “buy” rating in a report on Tuesday, August 1st. BidaskClub lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, TheStreet raised Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a report on Monday, July 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Artisan Partners Asset Management currently has a consensus rating of “Hold” and a consensus price target of $29.94.

About Artisan Partners Asset Management

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.

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

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