R Squared Ltd Acquires New Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

R Squared Ltd acquired a new stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) in the fourth quarter, Holdings Channel reports. The firm acquired 1,430 shares of the asset manager’s stock, valued at approximately $62,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APAM. Renaissance Technologies LLC bought a new stake in Artisan Partners Asset Management during the 2nd quarter valued at about $388,000. Bank of Montreal Can lifted its holdings in Artisan Partners Asset Management by 24.4% during the 2nd quarter. Bank of Montreal Can now owns 12,782 shares of the asset manager’s stock valued at $531,000 after buying an additional 2,511 shares in the last quarter. Marshall Wace LLP bought a new stake in Artisan Partners Asset Management during the 2nd quarter valued at about $366,000. Millennium Management LLC bought a new stake in Artisan Partners Asset Management during the 2nd quarter valued at about $10,685,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Artisan Partners Asset Management by 5.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,089 shares of the asset manager’s stock valued at $1,448,000 after buying an additional 1,725 shares in the last quarter. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Trading Up 0.2 %

NYSE:APAM opened at $44.69 on Friday. 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 has a market cap of $3.59 billion, a P/E ratio of 12.45 and a beta of 1.80. The firm has a 50-day simple moving average of $44.86 and a 200-day simple moving average of $43.63. Artisan Partners Asset Management Inc. has a one year low of $37.89 and a one year high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.92 EPS for the quarter, topping the consensus estimate 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%. Artisan Partners Asset Management’s revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 EPS. Equities analysts anticipate that Artisan Partners Asset Management Inc. will post 3.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on APAM. Evercore ISI boosted their price target on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. TD Cowen boosted their price target on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Finally, StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average 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.