Engineers Gate Manager LP Decreases Position in Artisan Partners Asset Management Inc (APAM)

Engineers Gate Manager LP reduced its stake in Artisan Partners Asset Management Inc (NYSE:APAM) by 34.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,912 shares of the asset manager’s stock after selling 17,373 shares during the period. Engineers Gate Manager LP’s holdings in Artisan Partners Asset Management were worth $1,073,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in APAM. Quantbot Technologies LP increased its stake in shares of Artisan Partners Asset Management by 3.5% during the second quarter. Quantbot Technologies LP now owns 3,591 shares of the asset manager’s stock valued at $110,000 after purchasing an additional 120 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Artisan Partners Asset Management during the second quarter valued at approximately $120,000. New York State Teachers Retirement System bought a new position in shares of Artisan Partners Asset Management during the third quarter valued at approximately $127,000. Great West Life Assurance Co. Can increased its stake in shares of Artisan Partners Asset Management by 51.2% during the third quarter. Great West Life Assurance Co. Can now owns 5,413 shares of the asset manager’s stock valued at $176,000 after purchasing an additional 1,832 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Artisan Partners Asset Management during the third quarter valued at approximately $192,000. 63.51% of the stock is owned by institutional investors.

Shares of Artisan Partners Asset Management Inc (APAM) opened at $39.60 on Wednesday. The firm has a market cap of $3,007.61, a P/E ratio of 19.70, a P/E/G ratio of 1.72 and a beta of 1.83. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.27. Artisan Partners Asset Management Inc has a 1 year low of $26.30 and a 1 year high of $40.65.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, October 31st. The asset manager reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $204.60 million for the quarter, compared to analysts’ expectations of $204.53 million. During the same quarter last year, the company posted $0.56 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. research analysts forecast that Artisan Partners Asset Management Inc will post 2.42 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 6.06%. The ex-dividend date of this dividend was Wednesday, November 15th. Artisan Partners Asset Management’s dividend payout ratio is currently 129.73%.

Several brokerages recently weighed in on APAM. BidaskClub raised shares of Artisan Partners Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Zacks Investment Research raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Tuesday, October 10th. Jefferies Group reissued a “hold” rating on shares of Artisan Partners Asset Management in a research report on Friday, August 18th. ValuEngine downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Royal Bank of Canada set a $36.00 price target on shares of Artisan Partners Asset Management and gave the company a “buy” rating in a research report on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target 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.

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

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