Ibex Wealth Advisors Purchases Shares of 98,645 Artisan Partners Asset Management Inc. (NYSE:APAM)

Ibex Wealth Advisors acquired a new position in Artisan Partners Asset Management Inc. (NYSE:APAM) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 98,645 shares of the asset manager’s stock, valued at approximately $4,247,000. Ibex Wealth Advisors owned 0.12% of Artisan Partners Asset Management at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Matrix Trust Co purchased a new position in shares of Artisan Partners Asset Management in the third quarter valued at about $30,000. Hexagon Capital Partners LLC lifted its holdings in Artisan Partners Asset Management by 41.8% in 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 during the period. GAMMA Investing LLC increased its stake in shares of Artisan Partners Asset Management by 45.5% during the third quarter. GAMMA Investing LLC now owns 1,128 shares of the asset manager’s stock valued at $49,000 after buying an additional 353 shares during the period. Whittier Trust Co. of Nevada Inc. boosted 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 valued at $52,000 after acquiring an additional 1,067 shares in the last quarter. Finally, R Squared Ltd purchased a new position in Artisan Partners Asset Management during the 4th quarter valued at $62,000. Institutional investors own 86.45% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on APAM. 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 research note 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. The Goldman Sachs Group lowered 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 report on Thursday, October 3rd. Finally, 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $44.13.

Artisan Partners Asset Management Stock Down 0.5 %

APAM stock traded down $0.23 during trading on Wednesday, hitting $44.30. 5,634 shares of the stock traded hands, compared to its average volume of 412,763. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market cap of $3.56 billion, a price-to-earnings ratio of 12.38 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 firm’s 50 day moving average is $45.04 and its two-hundred day moving average is $43.60.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data 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. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. The company had revenue of $279.60 million during the quarter, compared to analyst estimates of $279.70 million. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 EPS. On average, sell-side analysts anticipate that Artisan Partners Asset Management Inc. will post 3.18 EPS for the current year.

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.