Schroder Investment Management Group reduced its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 37.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 317,833 shares of the asset manager’s stock after selling 192,026 shares during the period. Schroder Investment Management Group owned 0.64% of Artisan Partners Asset Management worth $9,535,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of APAM. Segantii Capital Management Ltd purchased a new stake in Artisan Partners Asset Management in the 1st quarter worth approximately $135,000. Tower Research Capital LLC TRC purchased a new stake in Artisan Partners Asset Management in the 1st quarter worth approximately $151,000. Utah Retirement Systems grew its stake in Artisan Partners Asset Management by 10.4% in the 1st quarter. Utah Retirement Systems now owns 7,400 shares of the asset manager’s stock worth $205,000 after acquiring an additional 700 shares during the period. KCG Holdings Inc. purchased a new stake in Artisan Partners Asset Management in the 1st quarter worth approximately $213,000. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Artisan Partners Asset Management by 0.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,106 shares of the asset manager’s stock worth $224,000 after acquiring an additional 47 shares during the period. Hedge funds and other institutional investors own 99.82% of the company’s stock.

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Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) opened at 30.75 on Friday. The stock has a market capitalization of $1.53 billion, a PE ratio of 18.14 and a beta of 1.76. Artisan Partners Asset Management Inc. has a 52 week low of $24.48 and a 52 week high of $33.85. The stock’s 50 day moving average is $30.47 and its 200 day moving average is $29.37.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Monday, July 31st. The asset manager reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.01). The company had revenue of $196.20 million during the quarter, compared to analyst estimates of $194.25 million. Artisan Partners Asset Management had a net margin of 11.37% and a return on equity of 78.75%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 EPS. Analysts anticipate that Artisan Partners Asset Management Inc. will post $2.34 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th were paid a $0.60 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $2.40 annualized dividend and a yield of 7.80%. Artisan Partners Asset Management’s dividend payout ratio is presently 145.46%.

Several analysts have commented on APAM shares. BidaskClub raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. Royal Bank Of Canada set a $36.00 target price on shares of Artisan Partners Asset Management and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Jefferies Group LLC reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a research note on Friday, August 18th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $33.00 target price on shares of Artisan Partners Asset Management in a research note on Thursday, June 1st. Finally, TheStreet raised shares of Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research note on Monday, July 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Artisan Partners Asset Management currently has an average rating of “Hold” and an average price target of $29.94.

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.

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

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