98,645 Shares in Artisan Partners Asset Management Inc. (NYSE:APAM) Acquired by Ibex Wealth Advisors

Ibex Wealth Advisors acquired a new stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 98,645 shares of the asset manager's stock, valued at approximately $4,247,000. Ibex Wealth Advisors owned about 0.12% of Artisan Partners Asset Management as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Matrix Trust Co acquired a new stake in shares of Artisan Partners Asset Management in the 3rd quarter worth approximately $30,000. Hexagon Capital Partners LLC lifted its stake in Artisan Partners Asset Management by 41.8% during the third quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager's stock valued at $43,000 after purchasing an additional 296 shares during the last quarter. GAMMA Investing LLC lifted its stake in 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 purchasing an additional 353 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Artisan Partners Asset Management by 735.9% during 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 purchasing an additional 1,067 shares during the last quarter. Finally, R Squared Ltd acquired a new stake in Artisan Partners Asset Management during the fourth quarter valued at approximately $62,000. Institutional investors own 86.45% of the company's stock.

Artisan Partners Asset Management Price Performance

APAM traded up $0.55 during midday trading on Thursday, hitting $44.62. The company had a trading volume of 270,692 shares, compared to its average volume of 423,731. 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 company has a market capitalization of $3.59 billion, a PE ratio of 12.43 and a beta of 1.80. Artisan Partners Asset Management Inc. has a twelve month low of $37.89 and a twelve month high of $49.54. The firm's 50-day simple moving average is $44.99 and its 200-day simple moving average is $43.60.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The asset manager reported $0.92 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $279.70 million. During the same quarter in the previous year, the company earned $0.75 EPS. Artisan Partners Asset Management's revenue was up 12.4% on a year-over-year basis. Equities research analysts predict that Artisan Partners Asset Management Inc. will post 3.18 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. The Goldman Sachs Group cut their target price on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a "sell" rating for the company in a research note on Thursday, October 3rd. StockNews.com upgraded shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th. TD Cowen upped 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 research report on Thursday, October 31st. Finally, Evercore ISI upped 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 research report 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $44.13.

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.