Los Angeles Capital Management & Equity Research Inc. boosted its position in Artisan Partners Asset Management Inc (NYSE:APAM) by 42.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 573,407 shares of the asset manager’s stock after buying an additional 169,880 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Artisan Partners Asset Management were worth $15,826,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Fund Management S.A. purchased a new position in Artisan Partners Asset Management during the third quarter worth about $821,000. Wells Fargo & Company MN boosted 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 asset manager’s stock worth $67,879,000 after buying an additional 987,531 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in shares of Artisan Partners Asset Management by 5.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,070,283 shares of the asset manager’s stock worth $29,112,000 after buying an additional 52,673 shares in the last quarter. BOKF NA boosted its position in shares of Artisan Partners Asset Management by 22.6% in the third quarter. BOKF NA now owns 14,744 shares of the asset manager’s stock worth $401,000 after buying an additional 2,722 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its position in shares of Artisan Partners Asset Management by 11.4% in the third quarter. Brown Brothers Harriman & Co. now owns 2,354,368 shares of the asset manager’s stock worth $64,039,000 after buying an additional 241,000 shares in the last quarter. 57.13% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Artisan Partners Asset Management Inc (NYSE:APAM) remained flat at $27.90 during midday trading on Monday. 277,290 shares of the stock traded hands. Artisan Partners Asset Management Inc has a 52-week low of $24.48 and a 52-week high of $33.50. The firm’s 50 day moving average price is $28.23 and its 200-day moving average price is $28.73. The stock has a market capitalization of $1.37 billion, a P/E ratio of 17.55 and a beta of 1.77.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Thursday, April 27th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.03. The business had revenue of $184.10 million during the quarter, compared to the consensus estimate of $182.36 million. Artisan Partners Asset Management had a return on equity of 130.11% and a net margin of 10.13%. Artisan Partners Asset Management’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $0.51 earnings per share. On average, analysts predict that Artisan Partners Asset Management Inc will post $2.25 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Wednesday, May 17th will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, May 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 8.60%. Artisan Partners Asset Management’s payout ratio is presently 153.85%.

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A number of equities analysts recently weighed in on APAM shares. Zacks Investment Research raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Friday, April 14th. Keefe, Bruyette & Woods raised Artisan Partners Asset Management from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $30.00 to $33.00 in a research note on Monday, May 1st. Citigroup Inc lifted their price target on Artisan Partners Asset Management from $27.00 to $27.50 and gave the stock a “neutral” rating in a research note on Wednesday, January 25th. Finally, Sidoti started coverage on Artisan Partners Asset Management in a research note on Thursday, March 30th. They issued a “neutral” rating and a $31.00 price target on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $28.56.

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.

12 Month Chart for NYSE:APAM

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