New England Asset Management Inc. purchased a new position in Artisan Partners Asset Management Inc (NYSE:APAM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,304 shares of the asset manager’s stock, valued at approximately $250,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in shares of Artisan Partners Asset Management by 49.5% during the first quarter. PNC Financial Services Group Inc. now owns 691,584 shares of the asset manager’s stock worth $23,031,000 after acquiring an additional 228,932 shares during the last quarter. Northern Trust Corp boosted its position in shares of Artisan Partners Asset Management by 0.9% during the first quarter. Northern Trust Corp now owns 693,321 shares of the asset manager’s stock worth $23,088,000 after acquiring an additional 6,428 shares during the last quarter. Natixis Advisors L.P. boosted its position in shares of Artisan Partners Asset Management by 5.0% during the first quarter. Natixis Advisors L.P. now owns 161,158 shares of the asset manager’s stock worth $5,367,000 after acquiring an additional 7,635 shares during the last quarter. Systematic Financial Management LP bought a new position in shares of Artisan Partners Asset Management during the second quarter worth $1,336,000. Finally, Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Artisan Partners Asset Management by 5.6% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,828,265 shares of the asset manager’s stock worth $160,782,000 after acquiring an additional 256,591 shares during the last quarter. Institutional investors and hedge funds own 62.49% of the company’s stock.

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

Artisan Partners Asset Management stock opened at $32.10 on Thursday. The firm has a market cap of $2.52 billion, a P/E ratio of 13.32, a price-to-earnings-growth ratio of 0.96 and a beta of 1.75. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.75. Artisan Partners Asset Management Inc has a 52-week low of $29.55 and a 52-week high of $41.45.

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

The firm also recently declared a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Friday, August 17th were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 7.48%. The ex-dividend date was Thursday, August 16th. Artisan Partners Asset Management’s payout ratio is 99.59%.

Artisan Partners Asset Management 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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