Engineers Gate Manager LP Acquires Shares of 50,285 Artisan Partners Asset Management Inc. (APAM)

Engineers Gate Manager LP acquired a new position in Artisan Partners Asset Management Inc. (NYSE:APAM) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 50,285 shares of the asset manager’s stock, valued at approximately $1,544,000. Engineers Gate Manager LP owned 0.10% of Artisan Partners Asset Management as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of APAM. Teachers Advisors LLC grew its position in Artisan Partners Asset Management by 31.7% in the fourth quarter. Teachers Advisors LLC now owns 41,212 shares of the asset manager’s stock worth $1,226,000 after acquiring an additional 9,922 shares during the period. Russell Investments Group Ltd. lifted its stake in Artisan Partners Asset Management by 28.0% during the first quarter. Russell Investments Group Ltd. now owns 203,655 shares of the asset manager’s stock worth $5,621,000 after purchasing an additional 44,536 shares in the last quarter. First Trust Advisors LP lifted its stake in Artisan Partners Asset Management by 473.8% during the first quarter. First Trust Advisors LP now owns 84,144 shares of the asset manager’s stock worth $2,322,000 after purchasing an additional 69,480 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Artisan Partners Asset Management by 14.1% during the first quarter. Bank of New York Mellon Corp now owns 655,986 shares of the asset manager’s stock worth $18,105,000 after purchasing an additional 80,938 shares in the last quarter. Finally, Comerica Bank acquired a new position in Artisan Partners Asset Management during the first quarter worth $308,000. Institutional investors own 99.82% of the company’s stock.

A number of research firms have commented on APAM. ValuEngine upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Keefe, Bruyette & Woods cut Artisan Partners Asset Management from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $32.00 to $33.00 in a research note on Wednesday, August 2nd. Jefferies Group LLC restated a “hold” rating and set a $32.00 price target on shares of Artisan Partners Asset Management in a research note on Friday, July 14th. Zacks Investment Research cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Finally, Sidoti upgraded Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a research note on Friday, August 4th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $29.94.

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Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) opened at 30.05 on Tuesday. The firm has a market capitalization of $1.49 billion, a PE ratio of 17.73 and a beta of 1.76. The stock has a 50 day moving average price of $30.81 and a 200 day moving average price of $29.34. Artisan Partners Asset Management Inc. has a 52 week low of $24.48 and a 52 week high of $33.85.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Monday, July 31st. The asset manager reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The business had revenue of $196.20 million for the quarter, compared to analyst estimates of $194.25 million. Artisan Partners Asset Management had a net margin of 11.37% and a return on equity of 78.75%. During the same quarter in the previous year, the firm posted $0.53 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. Equities analysts forecast that Artisan Partners Asset Management Inc. will post $2.34 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th were issued a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. This represents a $2.40 dividend on an annualized basis and a yield of 7.99%. Artisan Partners Asset Management’s dividend payout ratio is currently 145.46%.

Artisan Partners Asset Management 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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