Wells Fargo & Company MN Raises Stock Holdings in Artisan Partners Asset Management Inc (NYSE:APAM)

Wells Fargo & Company MN increased its stake in shares of Artisan Partners Asset Management Inc (NYSE:APAM) by 3.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,298,375 shares of the asset manager’s stock after purchasing an additional 75,415 shares during the period. Wells Fargo & Company MN owned approximately 2.99% of Artisan Partners Asset Management worth $57,850,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in APAM. Pearl River Capital LLC purchased a new stake in Artisan Partners Asset Management during the fourth quarter valued at $70,000. Meeder Asset Management Inc. boosted its holdings in shares of Artisan Partners Asset Management by 230.6% in the 1st quarter. Meeder Asset Management Inc. now owns 3,065 shares of the asset manager’s stock valued at $77,000 after buying an additional 2,138 shares in the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of Artisan Partners Asset Management by 7.5% in the 4th quarter. Great West Life Assurance Co. Can now owns 7,268 shares of the asset manager’s stock valued at $153,000 after buying an additional 504 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Artisan Partners Asset Management in the 1st quarter valued at about $156,000. Finally, Jane Street Group LLC bought a new stake in shares of Artisan Partners Asset Management in the 4th quarter valued at about $200,000. Institutional investors own 63.55% of the company’s stock.

APAM traded up $0.31 during trading on Monday, reaching $27.83. 554,600 shares of the company’s stock were exchanged, compared to its average volume of 482,747. Artisan Partners Asset Management Inc has a 1 year low of $20.16 and a 1 year high of $35.50. The company has a debt-to-equity ratio of 3.30, a current ratio of 0.54 and a quick ratio of 0.54. The stock has a market capitalization of $2.14 billion, a PE ratio of 9.47, a P/E/G ratio of 1.52 and a beta of 1.85. The stock has a fifty day moving average of $25.75.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Tuesday, April 30th. The asset manager reported $0.55 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.55. The company had revenue of $187.00 million during the quarter, compared to analyst estimates of $186.26 million. Artisan Partners Asset Management had a net margin of 18.48% and a return on equity of 172.79%. Artisan Partners Asset Management’s revenue for the quarter was down 11.8% compared to the same quarter last year. During the same period last year, the firm posted $0.78 EPS. As a group, analysts predict that Artisan Partners Asset Management Inc will post 2.59 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on APAM. TheStreet upgraded shares of Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a report on Monday, April 15th. Citigroup raised shares of Artisan Partners Asset Management from a “sell” rating to a “neutral” rating and set a $25.00 price objective for the company in a research report on Monday, April 15th. Bank of America set a $25.00 price objective on shares of Artisan Partners Asset Management and gave the company a “sell” rating in a research report on Tuesday, April 9th. Zacks Investment Research raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, April 9th. Finally, ValuEngine raised shares of Artisan Partners Asset Management from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $29.60.

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.

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Institutional Ownership by Quarter for Artisan Partners Asset Management (NYSE:APAM)

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