67,660 Shares of Artisan Partners Asset Management Inc. $APAM Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) in the third quarter, Holdings Channel reports. The firm acquired 67,660 shares of the asset manager’s stock, valued at approximately $2,444,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APAM. Isthmus Partners LLC boosted its position in Artisan Partners Asset Management by 0.3% in the 3rd quarter. Isthmus Partners LLC now owns 95,118 shares of the asset manager’s stock valued at $3,436,000 after buying an additional 326 shares during the period. WealthCollab LLC increased its position in shares of Artisan Partners Asset Management by 21.9% during the first quarter. WealthCollab LLC now owns 2,072 shares of the asset manager’s stock worth $75,000 after acquiring an additional 372 shares during the period. Aviance Capital Partners LLC increased its position in shares of Artisan Partners Asset Management by 1.2% during the first quarter. Aviance Capital Partners LLC now owns 33,564 shares of the asset manager’s stock worth $1,221,000 after acquiring an additional 405 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Artisan Partners Asset Management by 20.9% during the third quarter. Farther Finance Advisors LLC now owns 3,148 shares of the asset manager’s stock valued at $114,000 after acquiring an additional 545 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Artisan Partners Asset Management by 51.0% during the second quarter. Versant Capital Management Inc now owns 1,658 shares of the asset manager’s stock valued at $57,000 after acquiring an additional 560 shares in the last quarter. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Down 1.5%

Shares of Artisan Partners Asset Management stock opened at $39.18 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 9.26 and a beta of 1.74. The firm’s 50-day moving average is $36.42 and its two-hundred day moving average is $38.24. Artisan Partners Asset Management Inc. has a 1 year low of $30.86 and a 1 year high of $46.53.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Tuesday, October 27th. The asset manager reported $1.03 EPS for the quarter, beating the consensus estimate of $0.96 by $0.07. Artisan Partners Asset Management had a net margin of 24.54% and a return on equity of 71.69%. The business had revenue of $312.52 million during the quarter, compared to analyst estimates of $307.60 million. During the same quarter in the previous year, the business posted $1.02 EPS. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, research analysts expect that Artisan Partners Asset Management Inc. will post 3.94 earnings per share for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 30th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.88 per share. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $0.80. This represents a $3.52 dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date is Monday, November 16th. Artisan Partners Asset Management’s payout ratio is 75.65%.

Wall Street Analyst Weigh In

APAM has been the subject of a number of research reports. Royal Bank Of Canada lowered their price target on Artisan Partners Asset Management from $43.00 to $42.00 and set an “outperform” rating for the company in a report on Friday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Artisan Partners Asset Management in a report on Tuesday, September 29th. Zacks Research lowered Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th. Evercore set a $33.00 target price on Artisan Partners Asset Management in a report on Thursday, October 29th. Finally, The Goldman Sachs Group lowered their target price on Artisan Partners Asset Management from $35.00 to $31.00 and set a “sell” rating for the company in a report on Friday, October 2nd. One equities research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Artisan Partners Asset Management currently has an average rating of “Reduce” and a consensus target price of $34.75.

Insider Transactions at Artisan Partners Asset Management

In related news, EVP Gregory Ramirez sold 7,000 shares of Artisan Partners Asset Management stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $42.59, for a total transaction of $298,130.00. Following the transaction, the executive vice president directly owned 109,194 shares of the company’s stock, valued at $4,650,572.46. This trade represents a 6.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 11.30% of the stock is currently owned by insiders.

Artisan Partners Asset Management Profile

Artisan Partners Asset Management Inc is an investment management company that provides actively managed investment strategies to institutional and intermediary clients, as well as certain private wealth investors. The company operates through Artisan Partners, L.P. and related entities, offering investment expertise across equity, fixed-income and alternative asset classes.

Its products and services include strategies focused on U.S. and international equities, emerging markets, non-U.S.