The Manufacturers Life Insurance Company Purchases 32,954 Shares of Artisan Partners Asset Management Inc. (APAM)

The Manufacturers Life Insurance Company boosted its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 1,613.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,997 shares of the asset manager’s stock after acquiring an additional 32,954 shares during the period. The Manufacturers Life Insurance Company owned 0.07% of Artisan Partners Asset Management worth $1,075,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of APAM. Vanguard Group Inc. boosted its holdings in Artisan Partners Asset Management by 21.7% in the first quarter. Vanguard Group Inc. now owns 3,767,507 shares of the asset manager’s stock valued at $103,983,000 after acquiring an additional 671,858 shares during the last quarter. State Street Corp boosted its holdings in Artisan Partners Asset Management by 63.7% in the second quarter. State Street Corp now owns 1,037,204 shares of the asset manager’s stock valued at $31,842,000 after acquiring an additional 403,737 shares during the last quarter. Northern Trust Corp boosted its holdings in Artisan Partners Asset Management by 93.6% in the second quarter. Northern Trust Corp now owns 734,735 shares of the asset manager’s stock valued at $22,556,000 after acquiring an additional 355,272 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Artisan Partners Asset Management by 686.1% in the second quarter. Teachers Advisors LLC now owns 337,536 shares of the asset manager’s stock valued at $10,362,000 after acquiring an additional 294,599 shares during the last quarter. Finally, Capital World Investors boosted its holdings in Artisan Partners Asset Management by 34.3% in the second quarter. Capital World Investors now owns 705,000 shares of the asset manager’s stock valued at $21,644,000 after acquiring an additional 180,000 shares during the last quarter. Institutional investors and hedge funds own 64.58% of the company’s stock.

APAM has been the topic of several recent research reports. BidaskClub upgraded Artisan Partners Asset Management from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Zacks Investment Research upgraded Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Jefferies Group LLC reiterated a “hold” rating on shares of Artisan Partners Asset Management in a report on Friday, August 18th. Royal Bank Of Canada set a $36.00 price target on Artisan Partners Asset Management and gave the company a “buy” rating in a report on Tuesday, August 1st. Finally, TheStreet upgraded Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $31.93.

Artisan Partners Asset Management Inc. (NYSE:APAM) opened at $36.60 on Monday. Artisan Partners Asset Management Inc. has a one year low of $26.30 and a one year high of $36.88. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $2,765.79, a PE ratio of 18.12, a price-to-earnings-growth ratio of 1.58 and a beta of 1.77.

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 consensus estimate of $0.63 by $0.02. Artisan Partners Asset Management had a return on equity of 95.09% and a net margin of 12.58%. The firm had revenue of $204.60 million for the quarter, compared to analyst estimates of $204.53 million. During the same quarter in the prior year, the firm posted $0.56 earnings per share. The company’s quarterly revenue was up 11.1% on a year-over-year basis. equities research analysts expect that Artisan Partners Asset Management Inc. will post 2.39 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 6.56%. The ex-dividend date of this dividend is Wednesday, November 15th. Artisan Partners Asset Management’s payout ratio is 129.73%.

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About Artisan Partners Asset Management

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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