Artisan Partners Asset Management Inc (APAM) Position Lifted by Comerica Bank

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Comerica Bank lifted its stake in Artisan Partners Asset Management Inc (NYSE:APAM) by 15.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,801 shares of the asset manager’s stock after buying an additional 1,556 shares during the period. Comerica Bank’s holdings in Artisan Partners Asset Management were worth $270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of APAM. Vanguard Group Inc. boosted its stake in Artisan Partners Asset Management by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,596,556 shares of the asset manager’s stock worth $148,928,000 after purchasing an additional 81,738 shares during the period. Vanguard Group Inc boosted its stake in Artisan Partners Asset Management by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 4,596,556 shares of the asset manager’s stock worth $148,928,000 after purchasing an additional 81,738 shares during the period. BlackRock Inc. boosted its stake in Artisan Partners Asset Management by 2.2% during the 3rd quarter. BlackRock Inc. now owns 3,375,900 shares of the asset manager’s stock worth $109,379,000 after purchasing an additional 71,695 shares during the period. Channing Capital Management LLC boosted its stake in Artisan Partners Asset Management by 12.3% during the 3rd quarter. Channing Capital Management LLC now owns 2,179,110 shares of the asset manager’s stock worth $70,603,000 after purchasing an additional 238,100 shares during the period. Finally, Clarkston Capital Partners LLC boosted its stake in Artisan Partners Asset Management by 211.3% during the 4th quarter. Clarkston Capital Partners LLC now owns 2,046,620 shares of the asset manager’s stock worth $45,251,000 after purchasing an additional 1,389,129 shares during the period. 62.61% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Jason A. Gottlieb sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $26.18, for a total value of $261,800.00. Following the completion of the sale, the insider now owns 101,710 shares in the company, valued at approximately $2,662,767.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 28.23% of the stock is currently owned by company insiders.

A number of analysts recently weighed in on APAM shares. Citigroup cut shares of Artisan Partners Asset Management from a “neutral” rating to a “sell” rating in a research note on Monday, January 14th. TheStreet cut shares of Artisan Partners Asset Management from a “b-” rating to a “c+” rating in a research note on Friday, December 7th. Finally, Zacks Investment Research upgraded shares of Artisan Partners Asset Management from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $32.80.

Shares of NYSE:APAM opened at $26.33 on Monday. Artisan Partners Asset Management Inc has a 1-year low of $20.16 and a 1-year high of $35.50. The firm has a market cap of $2.02 billion, a P/E ratio of 8.96, a price-to-earnings-growth ratio of 1.54 and a beta of 1.75. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.42.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Monday, February 4th. The asset manager reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.01). Artisan Partners Asset Management had a return on equity of 184.56% and a net margin of 19.10%. The firm had revenue of $191.50 million during the quarter, compared to analyst estimates of $193.12 million. During the same quarter last year, the business posted $0.66 EPS. The firm’s revenue was down 9.1% on a year-over-year basis. As a group, research analysts expect that Artisan Partners Asset Management Inc will post 2.39 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Thursday, February 14th were paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 8.51%. The ex-dividend date of this dividend was Wednesday, February 13th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 76.19%.

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About Artisan Partners Asset Management

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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