Raymond James & Associates Purchases 33,618 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Raymond James & Associates raised its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 8.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 453,638 shares of the asset manager’s stock after purchasing an additional 33,618 shares during the period. Raymond James & Associates owned approximately 0.56% of Artisan Partners Asset Management worth $19,652,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MCF Advisors LLC bought a new position in Artisan Partners Asset Management in the 1st quarter valued at approximately $31,000. Matrix Trust Co bought a new position in shares of Artisan Partners Asset Management in the 3rd quarter valued at $30,000. GAMMA Investing LLC lifted its stake in shares of Artisan Partners Asset Management by 81.5% in the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the asset manager’s stock valued at $32,000 after acquiring an additional 348 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of Artisan Partners Asset Management by 41.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager’s stock valued at $43,000 after acquiring an additional 296 shares in the last quarter. Finally, Quarry LP bought a new stake in Artisan Partners Asset Management during the 2nd quarter worth $63,000. 86.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Wednesday. The Goldman Sachs Group cut their target price on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating on the stock in a research report on Thursday, October 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 price target on shares of Artisan Partners Asset Management in a research note on Monday, July 29th. Finally, TD Cowen lifted their price target on shares of Artisan Partners Asset Management from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.83.

Artisan Partners Asset Management Price Performance

Artisan Partners Asset Management stock opened at $43.65 on Friday. The firm has a market cap of $3.51 billion, a P/E ratio of 13.31 and a beta of 1.79. The stock’s 50 day moving average is $42.35 and its 200 day moving average is $42.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.71 and a quick ratio of 0.71. Artisan Partners Asset Management Inc. has a one year low of $32.12 and a one year high of $47.08.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Artisan Partners Asset Management had a return on equity of 71.76% and a net margin of 22.75%. The firm had revenue of $270.80 million during the quarter, compared to analyst estimates of $274.70 million. During the same quarter last year, the firm posted $0.71 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. As a group, research analysts expect that Artisan Partners Asset Management Inc. will post 3.36 EPS for the current year.

Artisan Partners Asset Management Company 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.