AlphaQuest LLC Purchases 89,642 Shares of Artisan Partners Asset Management Inc. $APAM

AlphaQuest LLC lifted its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 795.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,914 shares of the asset manager’s stock after buying an additional 89,642 shares during the period. Artisan Partners Asset Management makes up approximately 0.3% of AlphaQuest LLC’s portfolio, making the stock its 29th biggest holding. AlphaQuest LLC owned 0.13% of Artisan Partners Asset Management worth $4,380,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of APAM. Cresset Asset Management LLC bought a new stake in shares of Artisan Partners Asset Management in the second quarter valued at $2,041,000. Allspring Global Investments Holdings LLC increased its holdings in Artisan Partners Asset Management by 1,213.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 104,213 shares of the asset manager’s stock worth $4,523,000 after acquiring an additional 96,280 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Artisan Partners Asset Management by 133.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 25,785 shares of the asset manager’s stock valued at $1,143,000 after acquiring an additional 14,735 shares during the period. State of Alaska Department of Revenue raised its stake in Artisan Partners Asset Management by 7.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 41,910 shares of the asset manager’s stock valued at $1,857,000 after acquiring an additional 3,085 shares during the period. Finally, Ruffer LLP purchased a new stake in Artisan Partners Asset Management during the third quarter valued at about $3,041,000. 86.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on APAM shares. Evercore ISI lifted their target price on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an “in-line” rating in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Artisan Partners Asset Management in a report on Monday, December 29th. Zacks Research lowered shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, TD Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Wednesday, December 10th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Artisan Partners Asset Management currently has a consensus rating of “Hold” and a consensus target price of $44.25.

Artisan Partners Asset Management Trading Down 1.8%

Shares of APAM stock opened at $43.44 on Friday. The company has a market capitalization of $3.51 billion, a PE ratio of 11.87 and a beta of 1.76. Artisan Partners Asset Management Inc. has a 52-week low of $32.75 and a 52-week high of $48.50. The business’s fifty day moving average is $42.34 and its 200 day moving average is $44.08. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.02 and a current ratio of 1.02.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, October 28th. The asset manager reported $1.02 EPS for the quarter, topping the consensus estimate of $0.97 by $0.05. Artisan Partners Asset Management had a return on equity of 72.15% and a net margin of 22.90%.The business had revenue of $301.29 million during the quarter, compared to analysts’ expectations of $300.90 million. During the same period in the previous year, the business earned $0.92 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. On average, equities research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.