Global X Management Co. LLC increased its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 255,913 shares of the company’s stock after buying an additional 4,502 shares during the period. Global X Management Co. LLC owned about 0.61% of Artisan Partners Asset Management worth $6,961,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Artisan Partners Asset Management by 2.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,073,369 shares of the company’s stock worth $112,750,000 after buying an additional 96,082 shares during the period. Vanguard Group Inc. increased its position in shares of Artisan Partners Asset Management by 6.9% in the second quarter. Vanguard Group Inc. now owns 2,770,816 shares of the company’s stock worth $76,697,000 after buying an additional 179,227 shares during the period. Atlanta Capital Management Co. L L C increased its position in shares of Artisan Partners Asset Management by 0.7% in the second quarter. Atlanta Capital Management Co. L L C now owns 2,622,262 shares of the company’s stock worth $72,584,000 after buying an additional 19,157 shares during the period. Wells Fargo & Company MN increased its position in shares of Artisan Partners Asset Management by 65.5% in the third quarter. Wells Fargo & Company MN now owns 2,495,538 shares of the company’s stock worth $67,879,000 after buying an additional 987,531 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its position in shares of Artisan Partners Asset Management by 19.8% in the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,939,899 shares of the company’s stock worth $53,696,000 after buying an additional 321,202 shares during the period. 54.83% of the stock is owned by hedge funds and other institutional investors.

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

Artisan Partners Asset Management Inc. (NYSE:APAM) traded down 0.85% on Tuesday, reaching $29.00. 431,476 shares of the company were exchanged. The stock has a 50-day moving average price of $27.43 and a 200 day moving average price of $28.26. Artisan Partners Asset Management Inc. has a 52 week low of $23.65 and a 52 week high of $39.98. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 17.88 and a beta of 1.70.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Monday, October 31st. The company reported $0.56 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.56. Artisan Partners Asset Management had a net margin of 10.09% and a return on equity of 136.53%. The business had revenue of $184.10 million for the quarter, compared to analyst estimates of $182.31 million. During the same period last year, the business earned $0.67 EPS. The company’s revenue was down 7.2% on a year-over-year basis. Analysts forecast that Artisan Partners Asset Management Inc. will post $2.14 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 16th will be issued a $0.60 dividend. The ex-dividend date is Monday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 8.29%. Artisan Partners Asset Management’s payout ratio is 149.07%.

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Several equities analysts have issued reports on APAM shares. Jefferies Group reaffirmed a “hold” rating and issued a $29.00 price target on shares of Artisan Partners Asset Management in a report on Monday, October 17th. Zacks Investment Research raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Thursday, October 13th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $21.00 price target on shares of Artisan Partners Asset Management in a report on Monday, November 7th. Finally, Keefe, Bruyette & Woods set a $29.00 price target on shares of Artisan Partners Asset Management and gave the stock a “hold” rating in a report on Saturday, October 15th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $28.60.

In other news, Director Stephanie Dimarco acquired 1,078 shares of Artisan Partners Asset Management stock in a transaction dated Wednesday, November 30th. The shares were acquired at an average cost of $38.95 per share, for a total transaction of $41,988.10. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 40.29% of the stock is currently owned by insiders.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is an investment management firm focused on providing investment strategies to clients around the global. The Company’s operations are conducted through Artisan Partners Holdings LP and its subsidiaries. It operates in the investment management industry. The Company provides investment management services to separate accounts and mutual funds, and other pooled investment vehicles.

5 Day Chart for NYSE:APAM

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