Artisan Partners Asset Management Inc. $APAM Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 11.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,047 shares of the asset manager’s stock after selling 1,157 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Artisan Partners Asset Management were worth $401,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of APAM. SVB Wealth LLC purchased a new stake in shares of Artisan Partners Asset Management in the 1st quarter valued at $33,000. Farther Finance Advisors LLC boosted its holdings in shares of Artisan Partners Asset Management by 24.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager’s stock valued at $57,000 after acquiring an additional 249 shares during the last quarter. Legend Financial Advisors Inc. purchased a new stake in shares of Artisan Partners Asset Management in the 2nd quarter valued at $75,000. CWM LLC boosted its holdings in shares of Artisan Partners Asset Management by 77.0% in the 1st quarter. CWM LLC now owns 2,126 shares of the asset manager’s stock valued at $83,000 after acquiring an additional 925 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Artisan Partners Asset Management in the 1st quarter valued at $137,000. Institutional investors and hedge funds own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Performance

Shares of NYSE APAM opened at $44.21 on Wednesday. The company’s fifty day moving average price is $44.89 and its 200 day moving average price is $43.47. Artisan Partners Asset Management Inc. has a 1 year low of $32.75 and a 1 year high of $49.54. The company has a market capitalization of $3.57 billion, a PE ratio of 11.76 and a beta of 1.72. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.97 and a current ratio of 0.97.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Tuesday, October 28th. The asset manager reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. The firm had revenue of $301.30 million for the quarter, compared to the consensus estimate of $300.90 million. Artisan Partners Asset Management had a net margin of 23.87% and a return on equity of 71.72%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 earnings per share. On average, research analysts predict that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Artisan Partners Asset Management in a report on Tuesday, October 14th. Zacks Research downgraded shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. TD Cowen dropped their price objective on shares of Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating on the stock in a report on Monday, September 15th. Evercore ISI dropped their price objective on shares of Artisan Partners Asset Management from $45.00 to $43.00 and set an “in-line” rating on the stock in a report on Thursday, October 9th. Finally, Royal Bank Of Canada increased their price target on shares of Artisan Partners Asset Management from $50.00 to $51.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $44.00.

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.