Hennion & Walsh Asset Management Inc. Buys 8,095 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Hennion & Walsh Asset Management Inc. increased its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 22.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,969 shares of the asset manager’s stock after buying an additional 8,095 shares during the quarter. Hennion & Walsh Asset Management Inc. owned 0.05% of Artisan Partners Asset Management worth $1,905,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vaughan Nelson Investment Management L.P. increased its stake in Artisan Partners Asset Management by 42.5% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,331,970 shares of the asset manager’s stock valued at $60,965,000 after buying an additional 397,424 shares during the last quarter. Millennium Management LLC bought a new stake in Artisan Partners Asset Management during the second quarter worth $10,685,000. Jupiter Asset Management Ltd. purchased a new position in Artisan Partners Asset Management in the first quarter worth $9,907,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in Artisan Partners Asset Management by 2.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,626,937 shares of the asset manager’s stock valued at $273,494,000 after purchasing an additional 160,297 shares during the period. Finally, Edgestream Partners L.P. bought a new position in Artisan Partners Asset Management in the 1st quarter valued at $7,287,000. 86.45% of the stock is owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Stock Performance

NYSE APAM 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 company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average is $42.35 and its 200-day moving average is $42.27. Artisan Partners Asset Management Inc. has a 12-month low of $32.12 and a 12-month high of $47.08.

Artisan Partners Asset Management (NYSE:APAM) last issued its 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 net margin of 22.75% and a return on equity of 71.76%. The business had revenue of $270.80 million for the quarter, compared to the consensus estimate of $274.70 million. During the same period in the previous year, the firm earned $0.71 EPS. The company’s revenue was up 11.5% compared to the same quarter last year. Sell-side analysts predict that Artisan Partners Asset Management Inc. will post 3.36 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on APAM. The Goldman Sachs Group lowered their target price on Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating on the stock in a research note on Thursday, October 3rd. TD Cowen increased their target price on shares of Artisan Partners Asset Management from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $50.00 price objective on shares of Artisan Partners Asset Management in a research note on Monday, July 29th. Finally, StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.83.

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.