Artisan Partners Asset Management Inc (APAM) Shares Bought by Greatmark Investment Partners Inc.

Greatmark Investment Partners Inc. increased its stake in Artisan Partners Asset Management Inc (NYSE:APAM) by 6.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,925 shares of the asset manager’s stock after purchasing an additional 2,975 shares during the period. Greatmark Investment Partners Inc. owned approximately 0.07% of Artisan Partners Asset Management worth $1,650,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. American Financial Network Advisory Services LLC boosted its stake in shares of Artisan Partners Asset Management by 17,169.8% during the 3rd quarter. American Financial Network Advisory Services LLC now owns 9,153 shares of the asset manager’s stock worth $297,000 after buying an additional 9,100 shares during the last quarter. Clarkston Capital Partners LLC acquired a new position in shares of Artisan Partners Asset Management during the 3rd quarter worth about $21,303,000. Bowling Portfolio Management LLC boosted its stake in shares of Artisan Partners Asset Management by 201.8% during the 3rd quarter. Bowling Portfolio Management LLC now owns 57,946 shares of the asset manager’s stock worth $1,877,000 after buying an additional 38,743 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Artisan Partners Asset Management by 46.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 39,300 shares of the asset manager’s stock worth $1,273,000 after buying an additional 12,400 shares during the last quarter. Finally, We Are One Seven LLC acquired a new position in shares of Artisan Partners Asset Management during the 3rd quarter worth about $207,000. 62.89% of the stock is owned by hedge funds and other institutional investors.

APAM opened at $27.45 on Thursday. Artisan Partners Asset Management Inc has a 52-week low of $27.08 and a 52-week high of $41.45. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.71 and a current ratio of 0.71. The stock has a market cap of $2.20 billion, a PE ratio of 11.39, a P/E/G ratio of 0.85 and a beta of 1.73.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, October 30th. The asset manager reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.03. Artisan Partners Asset Management had a net margin of 11.60% and a return on equity of 213.82%. The firm had revenue of $212.80 million for the quarter, compared to the consensus estimate of $212.17 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, analysts anticipate that Artisan Partners Asset Management Inc will post 3.06 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $2.40 annualized dividend and a dividend yield of 8.74%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 99.59%.

Several equities analysts have recently issued reports on the stock. Bank of America upped their price objective on shares of Artisan Partners Asset Management from $33.00 to $34.00 and gave the company an “underperform” rating in a report on Thursday, August 2nd. Zacks Investment Research downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. ValuEngine upgraded shares of Artisan Partners Asset Management from a “strong sell” rating to a “sell” rating in a report on Saturday, July 28th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $34.00 price objective on shares of Artisan Partners Asset Management in a report on Thursday, August 2nd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. Artisan Partners Asset Management has a consensus rating of “Hold” and a consensus price target of $37.25.

Artisan Partners Asset Management Profile

Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.

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

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