Parametric Portfolio Associates LLC lowered its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 7.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,195 shares of the asset manager’s stock after selling 5,894 shares during the period. Parametric Portfolio Associates LLC’s holdings in Artisan Partners Asset Management were worth $2,020,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. First Mercantile Trust Co. raised its position in shares of Artisan Partners Asset Management by 23.1% in the first quarter. First Mercantile Trust Co. now owns 7,723 shares of the asset manager’s stock valued at $213,000 after buying an additional 1,451 shares in the last quarter. Comerica Bank acquired a new stake in Artisan Partners Asset Management during the first quarter worth $308,000. Tudor Investment Corp Et Al acquired a new stake in Artisan Partners Asset Management during the fourth quarter worth $351,000. Bbva Compass Bancshares Inc. raised its stake in Artisan Partners Asset Management by 15.0% in the first quarter. Bbva Compass Bancshares Inc. now owns 18,074 shares of the asset manager’s stock worth $499,000 after buying an additional 2,355 shares in the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Artisan Partners Asset Management during the first quarter worth $569,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Artisan Partners Asset Management Inc. (APAM) traded up 1.78% during midday trading on Monday, reaching $31.45. 391,896 shares of the company’s stock traded hands. The firm has a market cap of $1.56 billion, a PE ratio of 17.94 and a beta of 1.75. Artisan Partners Asset Management Inc. has a 52-week low of $24.48 and a 52-week high of $33.85. The firm’s 50-day moving average is $31.20 and its 200 day moving average is $29.18.

Artisan Partners Asset Management (NYSE:APAM) last announced its earnings results on Monday, July 31st. The asset manager reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by $0.01. Artisan Partners Asset Management had a net margin of 11.37% and a return on equity of 78.75%. The business had revenue of $196.20 million for the quarter, compared to analysts’ expectations of $194.25 million. During the same period in the prior year, the company posted $0.53 earnings per share. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. Equities research analysts expect that Artisan Partners Asset Management Inc. will post $2.34 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 7.63%. Artisan Partners Asset Management’s dividend payout ratio is currently 145.46%.

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APAM has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Monday, June 5th. BidaskClub upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Friday, June 30th. ValuEngine upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Keefe, Bruyette & Woods upgraded shares of Artisan Partners Asset Management from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $30.00 to $33.00 in a report on Monday, May 1st. Finally, Royal Bank Of Canada initiated coverage on shares of Artisan Partners Asset Management in a report on Thursday, June 29th. They issued an “outperform” rating and a $34.00 target price on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $29.94.

Artisan Partners Asset Management Company Profile

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.

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

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