Fox Run Management L.L.C. Increases Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Fox Run Management L.L.C. lifted its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 139.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,600 shares of the asset manager’s stock after acquiring an additional 14,900 shares during the quarter. Fox Run Management L.L.C. owned approximately 0.05% of Artisan Partners Asset Management worth $835,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Quantbot Technologies LP raised its holdings in Artisan Partners Asset Management by 3.5% in the second quarter. Quantbot Technologies LP now owns 3,591 shares of the asset manager’s stock worth $110,000 after purchasing an additional 120 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in Artisan Partners Asset Management in the second quarter worth $120,000. Utah Retirement Systems raised its holdings in Artisan Partners Asset Management by 10.4% in the first quarter. Utah Retirement Systems now owns 7,400 shares of the asset manager’s stock worth $205,000 after purchasing an additional 700 shares in the last quarter. KCG Holdings Inc. bought a new position in Artisan Partners Asset Management in the first quarter worth $213,000. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in Artisan Partners Asset Management by 0.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,106 shares of the asset manager’s stock worth $224,000 after purchasing an additional 47 shares in the last quarter. Institutional investors own 64.75% of the company’s stock.

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Artisan Partners Asset Management Inc. (APAM) traded up $0.45 during trading on Friday, hitting $36.60. The company had a trading volume of 217,100 shares, compared to its average volume of 454,886. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.40 and a quick ratio of 0.40. Artisan Partners Asset Management Inc. has a 12 month low of $26.30 and a 12 month high of $36.88. The stock has a market capitalization of $2,800.00, a PE ratio of 17.90, a PEG ratio of 1.56 and a beta of 1.77.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. Artisan Partners Asset Management had a return on equity of 95.09% and a net margin of 12.58%. The company had revenue of $204.60 million for the quarter, compared to analysts’ expectations of $204.53 million. During the same period last year, the firm posted $0.56 earnings per share. Artisan Partners Asset Management’s revenue was up 11.1% compared to the same quarter last year. research analysts anticipate that Artisan Partners Asset Management Inc. will post 2.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 16th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $2.40 annualized dividend and a dividend yield of 6.56%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 129.03%.

A number of equities analysts have issued reports on the company. TheStreet upgraded Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a report on Monday, July 17th. Zacks Investment Research upgraded Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Jefferies Group LLC reiterated a “hold” rating and issued a $32.00 price objective on shares of Artisan Partners Asset Management in a report on Friday, July 14th. Royal Bank of Canada set a $36.00 price target on Artisan Partners Asset Management and gave the company a “buy” rating in a report on Tuesday, August 1st. Finally, Sidoti upgraded Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a report on Friday, August 4th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $31.93.

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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