New York State Common Retirement Fund Buys 5,534 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)


New York State Common Retirement Fund grew its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM – Get Rating) by 1.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 362,808 shares of the asset manager’s stock after buying an additional 5,534 shares during the quarter. New York State Common Retirement Fund owned 0.46% of Artisan Partners Asset Management worth $14,276,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Lokken Investment Group LLC grew its stake in shares of Artisan Partners Asset Management by 3.6% during the fourth quarter. Lokken Investment Group LLC now owns 11,118 shares of the asset manager’s stock valued at $530,000 after buying an additional 389 shares during the last quarter. Ironwood Investment Management LLC grew its stake in shares of Artisan Partners Asset Management by 2.7% during the fourth quarter. Ironwood Investment Management LLC now owns 15,041 shares of the asset manager’s stock valued at $717,000 after buying an additional 400 shares during the last quarter. We Are One Seven LLC grew its stake in shares of Artisan Partners Asset Management by 4.4% during the fourth quarter. We Are One Seven LLC now owns 11,298 shares of the asset manager’s stock valued at $538,000 after buying an additional 480 shares during the last quarter. Signaturefd LLC grew its stake in shares of Artisan Partners Asset Management by 145.6% during the first quarter. Signaturefd LLC now owns 813 shares of the asset manager’s stock valued at $32,000 after buying an additional 482 shares during the last quarter. Finally, KB Financial Partners LLC grew its stake in shares of Artisan Partners Asset Management by 10.6% during the fourth quarter. KB Financial Partners LLC now owns 6,145 shares of the asset manager’s stock valued at $293,000 after buying an additional 588 shares during the last quarter. 66.91% of the stock is owned by institutional investors.

Wall Street Analyst Weighs In

Several analysts recently issued reports on the company. StockNews.com cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. Keefe, Bruyette & Woods raised their target price on Artisan Partners Asset Management from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Tuesday, June 28th. The Goldman Sachs Group cut their target price on Artisan Partners Asset Management from $33.50 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, July 14th. Finally, Citigroup cut their target price on Artisan Partners Asset Management from $41.50 to $36.50 and set a “neutral” rating on the stock in a research note on Tuesday, April 12th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $42.10.

Artisan Partners Asset Management Stock Performance

Artisan Partners Asset Management stock opened at $37.28 on Friday. The stock’s 50 day simple moving average is $37.06 and its two-hundred day simple moving average is $37.64. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.61 and a current ratio of 0.61. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of 9.16 and a beta of 1.71. Artisan Partners Asset Management Inc. has a fifty-two week low of $32.07 and a fifty-two week high of $53.29.

Artisan Partners Asset Management (NYSE:APAM – Get Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The asset manager reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.05). Artisan Partners Asset Management had a net margin of 24.10% and a return on equity of 128.02%. During the same period in the previous year, the firm earned $1.28 EPS. As a group, analysts expect that Artisan Partners Asset Management Inc. will post 3.4 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Wednesday, August 17th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $2.40 annualized dividend and a dividend yield of 6.44%. Artisan Partners Asset Management’s payout ratio is 74.69%.

About Artisan Partners Asset Management

(Get Rating)

Artisan Partners Asset Management Inc. is a 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-US funds, as well as mutual funds, non-US funds and collective trusts.

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



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