Wells Fargo & Company MN Acquires 9,754 Shares of Artisan Partners Asset Management Inc (NYSE:APAM)

Wells Fargo & Company MN grew its stake in shares of Artisan Partners Asset Management Inc (NYSE:APAM) by 0.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,125,952 shares of the asset manager’s stock after purchasing an additional 9,754 shares during the period. Wells Fargo & Company MN owned approximately 2.81% of Artisan Partners Asset Management worth $69,306,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in APAM. State Street Corp raised its holdings in shares of Artisan Partners Asset Management by 63.7% in the 2nd quarter. State Street Corp now owns 1,037,204 shares of the asset manager’s stock worth $31,842,000 after acquiring an additional 403,737 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Artisan Partners Asset Management by 93.6% in the 2nd quarter. Northern Trust Corp now owns 734,735 shares of the asset manager’s stock worth $22,556,000 after acquiring an additional 355,272 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of Artisan Partners Asset Management by 686.1% in the 2nd quarter. Teachers Advisors LLC now owns 337,536 shares of the asset manager’s stock worth $10,362,000 after acquiring an additional 294,599 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Artisan Partners Asset Management by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,967,953 shares of the asset manager’s stock worth $121,816,000 after acquiring an additional 200,446 shares during the last quarter. Finally, Capital World Investors raised its holdings in shares of Artisan Partners Asset Management by 34.3% in the 2nd quarter. Capital World Investors now owns 705,000 shares of the asset manager’s stock worth $21,644,000 after acquiring an additional 180,000 shares during the last quarter. Hedge funds and other institutional investors own 63.51% of the company’s stock.

Artisan Partners Asset Management Inc (NYSE APAM) traded up $0.35 during trading on Friday, hitting $39.35. 673,390 shares of the stock were exchanged, compared to its average volume of 350,719. 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 $2,973.60, a P/E ratio of 19.48, a P/E/G ratio of 1.70 and a beta of 1.83. 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 (NYSE:APAM) last released its earnings results on Tuesday, October 31st. The asset manager reported $0.65 earnings per share for the quarter, beating the Zacks’ 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 period in the prior year, the firm earned $0.56 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. research analysts expect that Artisan Partners Asset Management Inc will post 2.42 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Investors of record on Thursday, November 16th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 6.10%. The ex-dividend date was Wednesday, November 15th. Artisan Partners Asset Management’s dividend payout ratio is currently 129.73%.

A number of equities research analysts recently weighed in on APAM shares. BidaskClub upgraded shares of Artisan Partners Asset Management from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Royal Bank of Canada set a $41.00 price objective on shares of Artisan Partners Asset Management and gave the stock a “buy” rating in a research report on Friday. Zacks Investment Research raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Tuesday, October 10th. 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, Jefferies Group reaffirmed 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. Artisan Partners Asset Management currently has an average rating of “Hold” and an average target price 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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