Engineers Gate Manager LP Buys 14,433 Shares of Artisan Partners Asset Management Inc (APAM)

Engineers Gate Manager LP lifted its stake in Artisan Partners Asset Management Inc (NYSE:APAM) by 43.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,345 shares of the asset manager’s stock after purchasing an additional 14,433 shares during the quarter. Engineers Gate Manager LP owned about 0.06% of Artisan Partners Asset Management worth $1,870,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Chicago Equity Partners LLC lifted its position in shares of Artisan Partners Asset Management by 140.9% during the 4th quarter. Chicago Equity Partners LLC now owns 50,835 shares of the asset manager’s stock valued at $2,008,000 after buying an additional 29,735 shares in the last quarter. APG Asset Management N.V. purchased a new position in Artisan Partners Asset Management in the 4th quarter valued at $2,832,000. Bowling Portfolio Management LLC lifted its holdings in Artisan Partners Asset Management by 219.3% in the 4th quarter. Bowling Portfolio Management LLC now owns 45,238 shares of the asset manager’s stock valued at $1,787,000 after purchasing an additional 31,068 shares in the last quarter. Alpha Windward LLC purchased a new position in Artisan Partners Asset Management in the 4th quarter valued at $545,000. Finally, Schwab Charles Investment Management Inc. lifted its holdings in Artisan Partners Asset Management by 5.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 220,729 shares of the asset manager’s stock valued at $8,719,000 after purchasing an additional 10,632 shares in the last quarter. 63.41% of the stock is owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Inc (APAM) traded up $0.55 during mid-day trading on Wednesday, reaching $33.90. The company had a trading volume of 379,093 shares, compared to its average volume of 503,340. The stock has a market capitalization of $2,520.00, a PE ratio of 17.93, a price-to-earnings-growth ratio of 0.81 and a beta of 1.72. Artisan Partners Asset Management Inc has a 12-month low of $26.30 and a 12-month high of $41.45. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.40 and a current ratio of 0.40.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, February 6th. The asset manager reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.02). The business had revenue of $210.70 million for the quarter, compared to analysts’ expectations of $211.23 million. Artisan Partners Asset Management had a return on equity of 111.29% and a net margin of 6.23%. Artisan Partners Asset Management’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 EPS. research analysts predict that Artisan Partners Asset Management Inc will post 3.22 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 7.08%. The ex-dividend date of this dividend is Tuesday, February 13th. Artisan Partners Asset Management’s dividend payout ratio is currently 129.03%.

APAM has been the topic of a number of research reports. Keefe, Bruyette & Woods restated a “hold” rating and issued a $40.00 price objective on shares of Artisan Partners Asset Management in a report on Friday, December 22nd. ValuEngine lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Royal Bank of Canada set a $41.00 price target on Artisan Partners Asset Management and gave the stock a “buy” rating in a report on Friday, December 15th. Bank of America dropped their target price on Artisan Partners Asset Management from $38.00 to $36.00 and set an “underperform” rating for the company in a research report on Thursday, February 8th. Finally, BidaskClub downgraded Artisan Partners Asset Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Artisan Partners Asset Management has an average rating of “Hold” and an average price target of $37.17.

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Artisan Partners Asset Management 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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