Atlanta Capital Management Co. L L C Decreases Position in Artisan Partners Asset Management Inc (APAM)

Atlanta Capital Management Co. L L C decreased its holdings in shares of Artisan Partners Asset Management Inc (NYSE:APAM) by 0.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,379,201 shares of the asset manager’s stock after selling 16,005 shares during the period. Atlanta Capital Management Co. L L C owned 3.15% of Artisan Partners Asset Management worth $77,562,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in APAM. State Street Corp increased its stake in shares of Artisan Partners Asset Management by 63.7% during the second quarter. State Street Corp now owns 1,037,204 shares of the asset manager’s stock valued at $31,842,000 after purchasing an additional 403,737 shares in the last quarter. Northern Trust Corp increased its stake in shares of Artisan Partners Asset Management by 93.6% during the second quarter. Northern Trust Corp now owns 734,735 shares of the asset manager’s stock valued at $22,556,000 after purchasing an additional 355,272 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Artisan Partners Asset Management by 686.1% during the second quarter. Teachers Advisors LLC now owns 337,536 shares of the asset manager’s stock valued at $10,362,000 after purchasing an additional 294,599 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Artisan Partners Asset Management by 5.3% during the second quarter. Vanguard Group Inc. now owns 3,967,953 shares of the asset manager’s stock valued at $121,816,000 after purchasing an additional 200,446 shares in the last quarter. Finally, Capital World Investors increased its stake in shares of Artisan Partners Asset Management by 34.3% during the second quarter. Capital World Investors now owns 705,000 shares of the asset manager’s stock valued at $21,644,000 after purchasing an additional 180,000 shares in the last quarter. 63.51% of the stock is owned by institutional investors and hedge funds.

Shares of Artisan Partners Asset Management Inc (NYSE:APAM) opened at $39.95 on Friday. Artisan Partners Asset Management Inc has a fifty-two week low of $26.30 and a fifty-two week high of $40.65. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.27. The company has a market cap of $3,000.05, a P/E ratio of 19.65, a PEG ratio of 1.72 and a beta of 1.83.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Tuesday, October 31st. The asset manager reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. Artisan Partners Asset Management had a net margin of 12.58% and a return on equity of 95.09%. The firm had revenue of $204.60 million for the quarter, compared to analysts’ expectations of $204.53 million. During the same quarter in the prior year, the company posted $0.56 earnings per share. The business’s revenue for the quarter was up 11.1% on a year-over-year basis. sell-side analysts forecast that Artisan Partners Asset Management Inc will post 2.42 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date of this dividend was Wednesday, November 15th. Artisan Partners Asset Management’s payout ratio is 129.73%.

A number of equities analysts have weighed in on the stock. ValuEngine downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Jefferies Group reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a research note on Friday, August 18th. BidaskClub raised shares of Artisan Partners Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Finally, Royal Bank Of Canada set a $36.00 target price on shares of Artisan Partners Asset Management and gave the company a “buy” rating in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $31.93.

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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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