Boston Advisors LLC Has $906,000 Holdings in Artisan Partners Asset Management Inc. (APAM)

Boston Advisors LLC raised its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 58.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,800 shares of the asset manager’s stock after purchasing an additional 10,300 shares during the period. Boston Advisors LLC owned 0.06% of Artisan Partners Asset Management worth $906,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Artisan Partners Asset Management by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,967,953 shares of the asset manager’s stock worth $121,816,000 after acquiring an additional 200,446 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Artisan Partners Asset Management by 7.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,224,776 shares of the asset manager’s stock worth $68,301,000 after acquiring an additional 156,187 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Artisan Partners Asset Management by 2.0% during the 2nd quarter. Wells Fargo & Company MN now owns 2,116,198 shares of the asset manager’s stock worth $64,967,000 after acquiring an additional 41,092 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Artisan Partners Asset Management by 8.4% during the 2nd quarter. Royce & Associates LP now owns 1,178,740 shares of the asset manager’s stock worth $36,187,000 after acquiring an additional 91,600 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Artisan Partners Asset Management by 9.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,111,933 shares of the asset manager’s stock worth $34,137,000 after acquiring an additional 99,766 shares during the last quarter. 64.53% of the stock is owned by hedge funds and other institutional investors.

APAM has been the subject of a number of research analyst reports. TheStreet raised shares of Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a report on Monday, July 17th. Sidoti raised shares of Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a report on Friday, August 4th. They noted that the move was a valuation call. BidaskClub raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. Royal Bank Of Canada set a $36.00 target price on shares of Artisan Partners Asset Management and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Finally, ValuEngine upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Artisan Partners Asset Management presently has a consensus rating of “Hold” and an average price target of $30.56.

Artisan Partners Asset Management Inc. (NYSE APAM) opened at 34.50 on Tuesday. The stock has a market cap of $1.71 billion, a PE ratio of 20.35 and a beta of 1.77. Artisan Partners Asset Management Inc. has a 12 month low of $24.48 and a 12 month high of $36.33. The company has a 50-day moving average of $33.28 and a 200-day moving average of $30.82.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, November 15th. This represents a $2.40 annualized dividend and a yield of 6.96%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 145.46%.

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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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