AlphaQuest LLC Buys 89,642 Shares of Artisan Partners Asset Management Inc. $APAM

AlphaQuest LLC grew its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 795.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,914 shares of the asset manager’s stock after buying an additional 89,642 shares during the quarter. Artisan Partners Asset Management accounts for 0.3% of AlphaQuest LLC’s investment portfolio, making the stock its 29th biggest position. AlphaQuest LLC’s holdings in Artisan Partners Asset Management were worth $4,380,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in APAM. Charles Schwab Investment Management Inc. increased its stake in Artisan Partners Asset Management by 1.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,976,151 shares of the asset manager’s stock valued at $131,933,000 after acquiring an additional 35,589 shares during the last quarter. State Street Corp boosted its holdings in shares of Artisan Partners Asset Management by 0.4% in the 2nd quarter. State Street Corp now owns 2,769,107 shares of the asset manager’s stock worth $122,755,000 after purchasing an additional 12,356 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Artisan Partners Asset Management by 25.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 2,464,096 shares of the asset manager’s stock valued at $109,233,000 after purchasing an additional 493,300 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Artisan Partners Asset Management by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 1,889,436 shares of the asset manager’s stock valued at $83,768,000 after purchasing an additional 25,426 shares during the last quarter. Finally, Channing Capital Management LLC raised its holdings in shares of Artisan Partners Asset Management by 0.8% during the 2nd quarter. Channing Capital Management LLC now owns 1,739,034 shares of the asset manager’s stock valued at $77,091,000 after buying an additional 13,329 shares in the last quarter. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Trading Down 1.8%

NYSE APAM opened at $43.44 on Friday. The stock has a market cap of $3.51 billion, a P/E ratio of 11.87 and a beta of 1.76. Artisan Partners Asset Management Inc. has a fifty-two week low of $32.75 and a fifty-two week high of $48.50. The stock has a 50 day simple moving average of $42.34 and a two-hundred day simple moving average of $44.08. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.02 and a current ratio of 1.02.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, October 28th. The asset manager reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.05. Artisan Partners Asset Management had a return on equity of 72.15% and a net margin of 22.90%.The firm had revenue of $301.29 million for the quarter, compared to analysts’ expectations of $300.90 million. During the same period in the previous year, the firm earned $0.92 earnings per share. The business’s revenue was up 7.8% compared to the same quarter last year. On average, analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on APAM. Evercore ISI upped their target price on Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a report on Monday, December 29th. Zacks Research lowered shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, TD Cowen reissued a “hold” rating on shares of Artisan Partners Asset Management in a research note on Wednesday, December 10th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Artisan Partners Asset Management has an average rating of “Hold” and a consensus target price of $44.25.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.