Artisan Partners Asset Management Inc (APAM) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN grew its holdings in Artisan Partners Asset Management Inc (NYSE:APAM) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,125,952 shares of the asset manager’s stock after purchasing an additional 9,754 shares during the quarter. Wells Fargo & Company MN owned about 2.81% of Artisan Partners Asset Management worth $69,306,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of APAM. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Artisan Partners Asset Management by 3.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,425,554 shares of the asset manager’s stock valued at $144,273,000 after purchasing an additional 148,713 shares in the last quarter. Vanguard Group Inc. boosted its holdings in 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. Neuberger Berman Group LLC boosted its holdings in Artisan Partners Asset Management by 7.6% during the second quarter. Neuberger Berman Group LLC now owns 2,224,776 shares of the asset manager’s stock valued at $68,301,000 after purchasing an additional 156,187 shares in the last quarter. Channing Capital Management LLC boosted its holdings in Artisan Partners Asset Management by 11.3% during the third quarter. Channing Capital Management LLC now owns 1,749,264 shares of the asset manager’s stock valued at $57,026,000 after purchasing an additional 178,215 shares in the last quarter. Finally, Royce & Associates LP boosted its holdings in Artisan Partners Asset Management by 8.4% during the second quarter. Royce & Associates LP now owns 1,178,740 shares of the asset manager’s stock valued at $36,187,000 after purchasing an additional 91,600 shares in the last quarter. 63.51% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management Inc (NYSE APAM) traded up $0.30 during mid-day trading on Friday, reaching $39.70. 438,200 shares of the company traded hands, compared to its average volume of 452,739. The company has a quick ratio of 0.40, a current 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. The company has a market cap of $2,977.38, a PE ratio of 19.50, a PEG ratio of 1.70 and a beta of 1.83.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data 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 analysts’ expectations of $204.53 million. During the same quarter in the previous year, the company posted $0.56 EPS. Artisan Partners Asset Management’s revenue was up 11.1% on a year-over-year basis. equities research analysts anticipate that Artisan Partners Asset Management Inc will post 2.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 6.05%. The ex-dividend date was Wednesday, November 15th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 129.73%.

APAM has been the subject of a number of research analyst reports. Jefferies Group reiterated a “hold” rating and issued a $32.00 target price on shares of Artisan Partners Asset Management in a research note on Tuesday, September 26th. Zacks Investment Research cut shares of Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a research note on Monday, September 18th. BidaskClub cut shares of Artisan Partners Asset Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 28th. 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. Finally, ValuEngine cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note 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 currently has an average rating of “Hold” and an average price target of $31.93.

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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.

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

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