Brinker Capital Investments LLC Buys 2,245 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Brinker Capital Investments LLC grew its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAMGet Rating) by 6.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,892 shares of the asset manager’s stock after buying an additional 2,245 shares during the period. Brinker Capital Investments LLC owned approximately 0.05% of Artisan Partners Asset Management worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quantum Private Wealth LLC boosted its holdings in Artisan Partners Asset Management by 22.7% during the third quarter. Quantum Private Wealth LLC now owns 8,913 shares of the asset manager’s stock worth $240,000 after buying an additional 1,647 shares during the last quarter. Great West Life Assurance Co. Can bought a new position in Artisan Partners Asset Management during the third quarter worth about $437,000. Raymond James Trust N.A. boosted its holdings in Artisan Partners Asset Management by 6.9% during the third quarter. Raymond James Trust N.A. now owns 18,100 shares of the asset manager’s stock worth $487,000 after buying an additional 1,174 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Artisan Partners Asset Management by 9.4% during the 3rd quarter. US Bancorp DE now owns 8,812 shares of the asset manager’s stock valued at $238,000 after purchasing an additional 756 shares in the last quarter. Finally, Strs Ohio lifted its holdings in shares of Artisan Partners Asset Management by 6.6% during the 3rd quarter. Strs Ohio now owns 30,800 shares of the asset manager’s stock valued at $829,000 after purchasing an additional 1,900 shares in the last quarter. Institutional investors own 82.53% of the company’s stock.

Analyst Ratings Changes

APAM has been the topic of several recent analyst reports. TheStreet cut Artisan Partners Asset Management from a “b-” rating to a “c+” rating in a report on Wednesday, October 19th. Royal Bank of Canada cut their price objective on Artisan Partners Asset Management from $37.00 to $35.00 and set an “outperform” rating on the stock in a report on Monday, November 7th. Credit Suisse Group assumed coverage on Artisan Partners Asset Management in a report on Tuesday, October 18th. They set a “neutral” rating and a $25.00 price objective on the stock. The Goldman Sachs Group lifted their target price on Artisan Partners Asset Management from $26.00 to $31.00 and gave the company a “neutral” rating in a research report on Wednesday, November 23rd. Finally, StockNews.com assumed coverage on Artisan Partners Asset Management in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $33.42.

Artisan Partners Asset Management Stock Performance

Shares of NYSE APAM opened at $35.41 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.78. Artisan Partners Asset Management Inc. has a 12 month low of $25.67 and a 12 month high of $44.00. The stock has a 50 day moving average of $33.06 and a 200-day moving average of $32.96. The company has a market capitalization of $2.82 billion, a P/E ratio of 10.35 and a beta of 1.76.

Artisan Partners Asset Management (NYSE:APAMGet Rating) last announced its earnings results on Tuesday, November 1st. The asset manager reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.01). The business had revenue of $234.30 million during the quarter, compared to the consensus estimate of $239.81 million. Artisan Partners Asset Management had a net margin of 22.04% and a return on equity of 114.70%. As a group, equities research analysts predict that Artisan Partners Asset Management Inc. will post 3.08 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 30th. Stockholders of record on Wednesday, November 16th were given a $0.56 dividend. The ex-dividend date of this dividend was Tuesday, November 15th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 6.33%. Artisan Partners Asset Management’s payout ratio is presently 65.50%.

Artisan Partners Asset Management Profile

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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.

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

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