Bank of Montreal Can continued to hold its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,386 shares of the asset manager’s stock at the close of the 2nd quarter. Bank of Montreal Can’s holdings in Artisan Partners Asset Management were worth $135,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Segantii Capital Management Ltd purchased a new position in Artisan Partners Asset Management in the first quarter valued at $135,000. Tower Research Capital LLC TRC purchased a new position in Artisan Partners Asset Management in the first quarter valued at $151,000. Utah Retirement Systems boosted its holdings in Artisan Partners Asset Management by 10.4% in the first quarter. Utah Retirement Systems now owns 7,400 shares of the asset manager’s stock valued at $205,000 after purchasing an additional 700 shares during the period. KCG Holdings Inc. purchased a new position in Artisan Partners Asset Management in the first quarter valued at $213,000. Finally, Cambridge Investment Research Advisors Inc. boosted its holdings in 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 valued at $224,000 after purchasing an additional 47 shares during the period. 99.82% of the stock is owned by institutional investors and hedge funds.

Shares of Artisan Partners Asset Management Inc. (APAM) traded up 0.51% during mid-day trading on Friday, reaching $29.80. The company’s stock had a trading volume of 146,221 shares. The firm has a market capitalization of $1.48 billion, a PE ratio of 17.58 and a beta of 1.76. Artisan Partners Asset Management Inc. has a 52 week low of $24.48 and a 52 week high of $33.85. The firm has a 50-day moving average of $30.86 and a 200-day moving average of $29.35.

Artisan Partners Asset Management (NYSE:APAM) last announced its earnings results on Monday, July 31st. The asset manager reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.59 by $0.01. The business had revenue of $196.20 million for the quarter, compared to analyst estimates of $194.25 million. Artisan Partners Asset Management had a net margin of 11.37% and a return on equity of 78.75%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.53 earnings per share. Equities research analysts forecast 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 was paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 8.05%. Artisan Partners Asset Management’s dividend payout ratio is presently 145.46%.

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A number of research analysts recently issued reports on APAM shares. TheStreet upgraded Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a report on Monday, July 17th. Sidoti upgraded Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a report on Friday, August 4th. They noted that the move was a valuation call. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $33.00 target price on shares of Artisan Partners Asset Management in a report on Thursday, June 1st. ValuEngine upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, BidaskClub upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Friday, June 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Artisan Partners Asset Management currently has an average rating of “Hold” and an average target price 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.

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

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