Aperio Group LLC boosted its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 45.1% during the second quarter, Holdings Channel reports. The fund owned 71,007 shares of the asset manager’s stock after buying an additional 22,075 shares during the period. Aperio Group LLC’s holdings in Artisan Partners Asset Management were worth $2,180,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in APAM. Dimensional Fund Advisors LP raised its stake in shares of Artisan Partners Asset Management by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 691,080 shares of the asset manager’s stock worth $20,560,000 after buying an additional 15,309 shares during the last quarter. Guggenheim Capital LLC raised its stake in shares of Artisan Partners Asset Management by 85.9% in the fourth quarter. Guggenheim Capital LLC now owns 45,653 shares of the asset manager’s stock worth $1,359,000 after buying an additional 21,099 shares during the last quarter. Norges Bank purchased a new stake in shares of Artisan Partners Asset Management during the fourth quarter worth about $10,426,000. Teachers Advisors LLC raised its stake in shares of Artisan Partners Asset Management by 31.7% in the fourth quarter. Teachers Advisors LLC now owns 41,212 shares of the asset manager’s stock worth $1,226,000 after buying an additional 9,922 shares during the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Artisan Partners Asset Management during the first quarter worth about $569,000. 96.22% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Inc. (APAM) traded up 2.54% during trading on Tuesday, hitting $32.25. 125,960 shares of the company’s stock traded hands. Artisan Partners Asset Management Inc. has a 12-month low of $24.48 and a 12-month high of $33.85. The stock has a market cap of $1.60 billion, a P/E ratio of 18.40 and a beta of 1.75. The firm’s 50-day moving average price is $31.20 and its 200 day moving average price is $29.18.

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 Zacks’ consensus estimate of $0.59 by $0.01. Artisan Partners Asset Management had a net margin of 11.37% and a return on equity of 78.75%. The business had revenue of $196.20 million during the quarter, compared to analysts’ expectations of $194.25 million. During the same period in the prior year, the business posted $0.53 EPS. The business’s revenue was up 8.5% on a year-over-year basis. Analysts anticipate that Artisan Partners Asset Management Inc. will post $2.34 earnings per share for the current fiscal year.

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

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APAM has been the topic of a number of research analyst reports. Zacks Investment Research lowered Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 11th. Keefe, Bruyette & Woods raised Artisan Partners Asset Management from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $30.00 to $33.00 in a research report on Monday, May 1st. ValuEngine lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Royal Bank Of Canada began coverage on Artisan Partners Asset Management in a research report on Thursday, June 29th. They issued an “outperform” rating and a $34.00 target price on the stock. Finally, BidaskClub upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Artisan Partners Asset Management has an average rating of “Hold” and a consensus 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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