Victory Capital Management Inc. Raises Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Victory Capital Management Inc. increased its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM – Get Rating) by 10.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 908,480 shares of the asset manager’s stock after acquiring an additional 82,613 shares during the period. Victory Capital Management Inc.’s holdings in Artisan Partners Asset Management were worth $35,684,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its position in Artisan Partners Asset Management by 2.0% in the first quarter. Envestnet Asset Management Inc. now owns 78,116 shares of the asset manager’s stock worth $3,074,000 after acquiring an additional 1,531 shares during the period. Ausdal Financial Partners Inc. purchased a new position in shares of Artisan Partners Asset Management during the first quarter worth $333,000. Vaughan Nelson Investment Management L.P. boosted its position in shares of Artisan Partners Asset Management by 33.9% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 434,540 shares of the asset manager’s stock worth $17,100,000 after buying an additional 110,005 shares during the period. FinTrust Capital Advisors LLC boosted its position in shares of Artisan Partners Asset Management by 1,581.8% during the first quarter. FinTrust Capital Advisors LLC now owns 1,850 shares of the asset manager’s stock worth $73,000 after buying an additional 1,740 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Artisan Partners Asset Management by 15.7% during the first quarter. State of New Jersey Common Pension Fund D now owns 66,226 shares of the asset manager’s stock worth $2,606,000 after buying an additional 8,989 shares during the period. 66.91% of the stock is currently owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Trading Up 1.9 %

NYSE:APAM opened at $40.52 on Tuesday. The firm has a market cap of $3.20 billion, a PE ratio of 8.48 and a beta of 1.71. The stock has a fifty day moving average price of $36.94 and a 200 day moving average price of $37.72. Artisan Partners Asset Management Inc. has a 12-month low of $32.07 and a 12-month high of $53.29. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.79.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on APAM. StockNews.com lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Keefe, Bruyette & Woods raised their price target on Artisan Partners Asset Management from $36.00 to $38.00 and gave the stock a “market perform” rating in a research report on Tuesday, June 28th. Citigroup lowered their price target on Artisan Partners Asset Management from $41.50 to $36.50 and set a “neutral” rating for the company in a research report on Tuesday, April 12th. Finally, The Goldman Sachs Group lowered their price target on Artisan Partners Asset Management from $33.50 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, July 14th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $42.10.

Artisan Partners Asset Management Profile

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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.