Nisa Investment Advisors LLC Has $1.24 Million Stake in Artisan Partners Asset Management Inc. (NYSE:APAM)

Nisa Investment Advisors LLC trimmed its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 17.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 28,742 shares of the asset manager’s stock after selling 6,000 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Artisan Partners Asset Management were worth $1,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. MCF Advisors LLC boosted its stake in shares of Artisan Partners Asset Management by 70.9% during the 4th quarter. MCF Advisors LLC now owns 1,538 shares of the asset manager’s stock valued at $66,000 after buying an additional 638 shares during the period. Guinness Asset Management LTD raised its holdings in shares of Artisan Partners Asset Management by 66.0% during the fourth quarter. Guinness Asset Management LTD now owns 11,359 shares of the asset manager’s stock worth $489,000 after acquiring an additional 4,515 shares in the last quarter. Merit Financial Group LLC acquired a new stake in Artisan Partners Asset Management during the fourth quarter valued at $233,000. Hennion & Walsh Asset Management Inc. grew its stake in Artisan Partners Asset Management by 12.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 49,262 shares of the asset manager’s stock valued at $2,121,000 after purchasing an additional 5,293 shares in the last quarter. Finally, Matrix Trust Co increased its position in Artisan Partners Asset Management by 679.1% in the 4th quarter. Matrix Trust Co now owns 5,446 shares of the asset manager’s stock worth $234,000 after purchasing an additional 4,747 shares during the last quarter. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Trading Up 0.6 %

NYSE:APAM opened at $44.39 on Tuesday. The company’s 50 day moving average is $45.08 and its 200-day moving average is $43.58. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.49. Artisan Partners Asset Management Inc. has a 12 month low of $37.89 and a 12 month high of $49.54. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 12.37 and a beta of 1.80.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, October 29th. The asset manager reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $279.60 million during the quarter, compared to analyst estimates of $279.70 million. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. The business’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 EPS. Equities analysts anticipate that Artisan Partners Asset Management Inc. will post 3.18 EPS for the current year.

Analysts Set New Price Targets

APAM has been the subject of several research reports. StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group reduced their target price on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating for the company in a research note on Thursday, October 3rd. Evercore ISI increased their price target on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Finally, TD Cowen lifted their price objective on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Artisan Partners Asset Management has a consensus rating of “Hold” and an average target price of $44.13.

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.