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

Channing Capital Management LLC lifted its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 14.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,770,526 shares of the asset manager's stock after purchasing an additional 224,455 shares during the period. Artisan Partners Asset Management comprises 2.0% of Channing Capital Management LLC's investment portfolio, making the stock its 23rd biggest position. Channing Capital Management LLC owned about 2.20% of Artisan Partners Asset Management worth $76,221,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Larson Financial Group LLC grew its stake in Artisan Partners Asset Management by 82.7% during the 4th quarter. Larson Financial Group LLC now owns 581 shares of the asset manager's stock valued at $25,000 after acquiring an additional 263 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Artisan Partners Asset Management by 166.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager's stock valued at $44,000 after acquiring an additional 642 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Artisan Partners Asset Management during the 4th quarter valued at about $57,000. R Squared Ltd purchased a new stake in Artisan Partners Asset Management during the 4th quarter valued at about $62,000. Finally, GAMMA Investing LLC grew its stake in Artisan Partners Asset Management by 31.0% during the 4th quarter. GAMMA Investing LLC now owns 1,478 shares of the asset manager's stock valued at $64,000 after acquiring an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 86.45% of the company's stock.

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Artisan Partners Asset Management Trading Up 2.8 %

Shares of Artisan Partners Asset Management stock traded up $1.06 during mid-day trading on Friday, hitting $39.57. The stock had a trading volume of 536,166 shares, compared to its average volume of 523,738. The firm has a 50-day moving average of $42.89 and a two-hundred day moving average of $43.94. Artisan Partners Asset Management Inc. has a 12-month low of $37.89 and a 12-month high of $49.54. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The firm has a market cap of $3.18 billion, a P/E ratio of 10.87 and a beta of 1.83.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, topping the consensus estimate of $0.97 by $0.08. Artisan Partners Asset Management had a net margin of 23.36% and a return on equity of 74.02%. Sell-side analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.50 dividend. The ex-dividend date was Friday, February 14th. This represents a $2.00 annualized dividend and a dividend yield of 5.05%. Artisan Partners Asset Management's dividend payout ratio is currently 92.31%.

Analyst Ratings Changes

Several analysts have recently weighed in on APAM shares. Royal Bank of Canada dropped their price target on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. StockNews.com cut shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research note on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Artisan Partners Asset Management presently has an average rating of "Hold" and an average price target of $44.38.

Artisan Partners Asset Management 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.