Twelve Points Wealth Management LLC Grows Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Twelve Points Wealth Management LLC increased its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 71,712 shares of the asset manager’s stock after acquiring an additional 2,629 shares during the quarter. Artisan Partners Asset Management comprises approximately 0.9% of Twelve Points Wealth Management LLC’s holdings, making the stock its 21st biggest position. Twelve Points Wealth Management LLC’s holdings in Artisan Partners Asset Management were worth $3,087,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in APAM. Matrix Trust Co purchased a new position in Artisan Partners Asset Management during the 3rd quarter valued at $30,000. Hexagon Capital Partners LLC grew its position 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 worth $43,000 after buying an additional 296 shares in the last quarter. GAMMA Investing LLC grew its holdings in Artisan Partners Asset Management by 45.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,128 shares of the asset manager’s stock worth $49,000 after acquiring an additional 353 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Artisan Partners Asset Management by 735.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,212 shares of the asset manager’s stock worth $52,000 after purchasing an additional 1,067 shares in the last quarter. Finally, Quarry LP acquired a new position in Artisan Partners Asset Management during the 2nd quarter valued at about $63,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Up 0.2 %

Shares of NYSE APAM opened at $44.49 on Wednesday. The firm has a market cap of $3.57 billion, a P/E ratio of 12.39 and a beta of 1.80. Artisan Partners Asset Management Inc. has a 1 year low of $37.89 and a 1 year high of $49.54. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. The firm’s 50 day moving average price is $45.04 and its 200 day moving average price is $43.60.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on APAM shares. TD Cowen increased their price target on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. Evercore ISI increased their target price on Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Finally, The Goldman Sachs Group cut their price objective on 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. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $44.13.

About Artisan Partners Asset Management

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.