Sei Investments Co. increased its position in Artisan Partners Asset Management Inc (NYSE:APAM) by 19.1% during the second quarter, HoldingsChannel reports. The firm owned 65,437 shares of the asset manager’s stock after acquiring an additional 10,472 shares during the quarter. Sei Investments Co.’s holdings in Artisan Partners Asset Management were worth $1,973,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in APAM. Wells Fargo & Company MN boosted its stake in Artisan Partners Asset Management by 5.9% in the 2nd quarter. Wells Fargo & Company MN now owns 2,471,791 shares of the asset manager’s stock worth $74,524,000 after purchasing an additional 137,918 shares during the period. Tdam USA Inc. boosted its position in shares of Artisan Partners Asset Management by 97.2% during the 2nd quarter. Tdam USA Inc. now owns 35,550 shares of the asset manager’s stock valued at $1,072,000 after acquiring an additional 17,525 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new position in shares of Artisan Partners Asset Management during the 2nd quarter valued at approximately $203,000. Aperio Group LLC boosted its position in shares of Artisan Partners Asset Management by 15.4% during the 2nd quarter. Aperio Group LLC now owns 70,703 shares of the asset manager’s stock valued at $2,132,000 after acquiring an additional 9,420 shares during the last quarter. Finally, Dupont Capital Management Corp bought a new position in shares of Artisan Partners Asset Management during the 2nd quarter valued at approximately $615,000. Institutional investors own 62.52% of the company’s stock.

A number of research analysts have recently commented on APAM shares. TheStreet upgraded Artisan Partners Asset Management from a “c+” rating to a “b” rating in a research report on Tuesday, May 29th. ValuEngine upgraded Artisan Partners Asset Management from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 28th. Zacks Investment Research upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Wednesday, July 11th. Bank of America increased their target price on Artisan Partners Asset Management from $33.00 to $34.00 and gave the company an “underperform” rating in a research report on Thursday, August 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $34.00 target price on shares of Artisan Partners Asset Management in a research report on Thursday, August 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Artisan Partners Asset Management has a consensus rating of “Hold” and an average target price of $36.20.

NYSE APAM opened at $33.20 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 1.75. The company has a market cap of $2.54 billion, a PE ratio of 11.60, a PEG ratio of 0.97 and a beta of 1.75. Artisan Partners Asset Management Inc has a one year low of $29.50 and a one year high of $41.45.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, July 31st. The asset manager reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.01. The firm had revenue of $212.30 million during the quarter, compared to the consensus estimate of $208.46 million. Artisan Partners Asset Management had a return on equity of 181.69% and a net margin of 10.30%. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 EPS. sell-side analysts expect that Artisan Partners Asset Management Inc will post 3.09 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 17th were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, August 16th. This represents a $2.40 annualized dividend and a yield of 7.23%. Artisan Partners Asset Management’s payout ratio is presently 99.59%.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.

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

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