Fifth Third Bancorp acquired a new position in shares of Artisan Partners Asset Management Inc (NYSE:APAM) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,000 shares of the asset manager’s stock, valued at approximately $43,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Artisan Partners Asset Management by 1.1% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,929,338 shares of the asset manager’s stock worth $126,997,000 after purchasing an additional 42,155 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Artisan Partners Asset Management by 13.4% during the 4th quarter. Renaissance Technologies LLC now owns 3,657,251 shares of the asset manager’s stock worth $118,202,000 after purchasing an additional 433,187 shares in the last quarter. Clarkston Capital Partners LLC grew its stake in Artisan Partners Asset Management by 0.9% in the 4th quarter. Clarkston Capital Partners LLC now owns 2,149,084 shares of the asset manager’s stock worth $69,458,000 after acquiring an additional 19,775 shares during the period. State Street Corp grew its stake in Artisan Partners Asset Management by 5.0% in the 4th quarter. State Street Corp now owns 1,112,329 shares of the asset manager’s stock worth $35,950,000 after acquiring an additional 52,976 shares during the period. Finally, Geode Capital Management LLC grew its stake in Artisan Partners Asset Management by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 920,366 shares of the asset manager’s stock worth $29,746,000 after acquiring an additional 17,617 shares during the period. 62.86% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE APAM opened at $27.96 on Friday. Artisan Partners Asset Management Inc has a 52-week low of $17.69 and a 52-week high of $38.09. The firm has a fifty day moving average of $24.88 and a 200-day moving average of $28.89. The stock has a market capitalization of $2.18 billion, a PE ratio of 10.51, a P/E/G ratio of 1.39 and a beta of 2.02. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 2.68.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, April 28th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.67 by ($0.01). Artisan Partners Asset Management had a net margin of 19.61% and a return on equity of 181.49%. The company had revenue of $202.80 million for the quarter, compared to analysts’ expectations of $205.29 million. During the same period in the prior year, the firm earned $0.55 earnings per share. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. Equities research analysts expect that Artisan Partners Asset Management Inc will post 2.31 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.61 per share. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $2.44 annualized dividend and a dividend yield of 8.73%. Artisan Partners Asset Management’s dividend payout ratio is presently 91.39%.

Several research firms have commented on APAM. Zacks Investment Research cut shares of Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. ValuEngine raised shares of Artisan Partners Asset Management from a “strong sell” rating to a “sell” rating in a research note on Thursday, March 5th. Citigroup lifted their target price on shares of Artisan Partners Asset Management from $24.50 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Bank of America lifted their target price on shares of Artisan Partners Asset Management from $23.00 to $27.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Keefe, Bruyette & Woods raised shares of Artisan Partners Asset Management from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $25.00 to $34.00 in a research note on Thursday, April 30th. Two research analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $33.60.

In other Artisan Partners Asset Management news, Director Tench Coxe bought 50,000 shares of Artisan Partners Asset Management stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of $21.02 per share, for a total transaction of $1,051,000.00. Following the acquisition, the director now owns 61,631 shares of the company’s stock, valued at approximately $1,295,483.62. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 24.44% of the company’s stock.

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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