Artisan Partners Asset Management Inc (APAM) Shares Bought by American International Group Inc.

American International Group Inc. increased its stake in shares of Artisan Partners Asset Management Inc (NYSE:APAM) by 8.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,871 shares of the asset manager’s stock after buying an additional 2,234 shares during the quarter. American International Group Inc.’s holdings in Artisan Partners Asset Management were worth $974,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP lifted its position in 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 during the period. Ameritas Investment Partners Inc. acquired a new position in shares of Artisan Partners Asset Management in the second quarter worth about $120,000. New York State Teachers Retirement System acquired a new position in shares of Artisan Partners Asset Management in the third quarter worth about $127,000. SG Americas Securities LLC acquired a new position in shares of Artisan Partners Asset Management in the third quarter worth about $192,000. Finally, Wesbanco Bank Inc. acquired a new position in shares of Artisan Partners Asset Management in the third quarter worth about $211,000. 63.47% of the stock is currently owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Inc (NYSE APAM) opened at $39.90 on Wednesday. Artisan Partners Asset Management Inc has a 1 year low of $26.30 and a 1 year high of $40.65. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $3,030.28, a PE ratio of 19.85, a P/E/G ratio of 1.74 and a beta of 1.83.

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

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $2.40 annualized dividend and a dividend yield of 6.02%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 129.73%.

A number of brokerages have weighed in on APAM. BidaskClub downgraded shares of Artisan Partners Asset Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 28th. Jefferies Group reiterated a “hold” rating and issued a $32.00 price objective on shares of Artisan Partners Asset Management in a research report on Tuesday, September 26th. Zacks Investment Research downgraded shares of Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a research report on Monday, September 18th. Royal Bank of Canada set a $36.00 price objective on shares of Artisan Partners Asset Management and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Finally, ValuEngine downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $32.64.

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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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