Raymond James & Associates Boosts Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Raymond James & Associates lifted its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 8.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 453,638 shares of the asset manager's stock after acquiring an additional 33,618 shares during the quarter. Raymond James & Associates owned 0.56% of Artisan Partners Asset Management worth $19,652,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Artisan Partners Asset Management by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 7,873,612 shares of the asset manager's stock worth $347,856,000 after acquiring an additional 75,304 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Artisan Partners Asset Management by 2.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 6,626,937 shares of the asset manager's stock worth $273,494,000 after purchasing an additional 160,297 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Artisan Partners Asset Management by 4.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,617,617 shares of the asset manager's stock valued at $66,757,000 after buying an additional 74,393 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Artisan Partners Asset Management by 7.7% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,434,391 shares of the asset manager's stock valued at $59,197,000 after buying an additional 102,421 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Artisan Partners Asset Management by 1.7% during the 2nd quarter. Victory Capital Management Inc. now owns 920,012 shares of the asset manager's stock worth $37,969,000 after acquiring an additional 15,446 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Stock Performance

Shares of APAM stock traded up $0.16 during trading hours on Friday, hitting $43.65. The stock had a trading volume of 320,583 shares, compared to its average volume of 444,906. The stock's 50 day moving average is $42.35 and its 200 day moving average is $42.23. The firm has a market capitalization of $3.51 billion, a PE ratio of 13.31 and a beta of 1.79. Artisan Partners Asset Management Inc. has a twelve month low of $32.12 and a twelve month high of $47.08. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.71 and a quick ratio of 0.71.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.82 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.05). Artisan Partners Asset Management had a return on equity of 71.76% and a net margin of 22.75%. The business had revenue of $270.80 million for the quarter, compared to analyst estimates of $274.70 million. During the same quarter in the prior year, the company earned $0.71 EPS. The firm's revenue for the quarter was up 11.5% on a year-over-year basis. As a group, research analysts forecast that Artisan Partners Asset Management Inc. will post 3.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on APAM. Royal Bank of Canada reissued an "outperform" rating and set a $50.00 target price on shares of Artisan Partners Asset Management in a research report on Monday, July 29th. The Goldman Sachs Group lowered 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 report on Thursday, October 3rd. StockNews.com upgraded shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, TD Cowen boosted their price target on shares of Artisan Partners Asset Management from $38.00 to $39.00 and gave the company a "hold" rating in a research report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $42.83.

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.