Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Purchased by Channing Capital Management LLC

Channing Capital Management LLC raised its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 0.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,318,805 shares of the asset manager’s stock after acquiring an additional 441 shares during the quarter. Channing Capital Management LLC owned 1.65% of Artisan Partners Asset Management worth $58,265,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. AlphaMark Advisors LLC increased its position in shares of Artisan Partners Asset Management by 4.0% in the 4th quarter. AlphaMark Advisors LLC now owns 6,736 shares of the asset manager’s stock worth $298,000 after purchasing an additional 261 shares during the last quarter. Dana Investment Advisors Inc. boosted its stake in Artisan Partners Asset Management by 0.5% during the 3rd quarter. Dana Investment Advisors Inc. now owns 58,095 shares of the asset manager’s stock valued at $2,174,000 after purchasing an additional 300 shares during the period. Commonwealth Equity Services LLC grew its holdings in Artisan Partners Asset Management by 5.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 8,097 shares of the asset manager’s stock worth $303,000 after buying an additional 397 shares in the last quarter. Arizona State Retirement System grew its holdings in Artisan Partners Asset Management by 2.1% in the 3rd quarter. Arizona State Retirement System now owns 19,491 shares of the asset manager’s stock worth $729,000 after buying an additional 406 shares in the last quarter. Finally, Operose Advisors LLC raised its stake in Artisan Partners Asset Management by 0.8% during the 3rd quarter. Operose Advisors LLC now owns 54,783 shares of the asset manager’s stock valued at $2,050,000 after acquiring an additional 418 shares in the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Insider Activity

In related news, EVP Gregory K. Ramirez sold 2,500 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $42.28, for a total value of $105,700.00. Following the completion of the transaction, the executive vice president now owns 83,335 shares in the company, valued at approximately $3,523,403.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 18.50% of the company’s stock.

Artisan Partners Asset Management Price Performance

Shares of Artisan Partners Asset Management stock traded up $0.36 during trading on Friday, hitting $42.29. The stock had a trading volume of 402,586 shares, compared to its average volume of 430,825. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.64. The business has a fifty day moving average of $43.63 and a two-hundred day moving average of $41.33. Artisan Partners Asset Management Inc. has a fifty-two week low of $31.27 and a fifty-two week high of $46.75. The firm has a market cap of $3.38 billion, a P/E ratio of 12.89 and a beta of 1.85.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Wednesday, April 24th. The asset manager reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.03). Artisan Partners Asset Management had a return on equity of 72.77% and a net margin of 22.99%. The business had revenue of $264.40 million during the quarter, compared to analyst estimates of $270.90 million. During the same period in the prior year, the firm earned $0.64 EPS. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, sell-side analysts expect that Artisan Partners Asset Management Inc. will post 3.38 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $0.61 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.77%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 82.93%.

Analysts Set New Price Targets

Separately, StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Sunday, March 17th.

Artisan Partners Asset Management Company 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.