MetLife Investment Advisors LLC bought a new position in Artisan Partners Asset (NYSE:APAM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,101 shares of the asset manager’s stock, valued at approximately $833,000.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Vident Investment Advisory LLC boosted its stake in shares of Artisan Partners Asset by 8.5% in the fourth quarter. Vident Investment Advisory LLC now owns 85,605 shares of the asset manager’s stock worth $3,382,000 after buying an additional 6,723 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Artisan Partners Asset by 6.1% in the fourth quarter. Teachers Advisors LLC now owns 471,400 shares of the asset manager’s stock worth $18,620,000 after buying an additional 26,963 shares during the last quarter. Raymond James & Associates boosted its stake in shares of Artisan Partners Asset by 3.0% in the fourth quarter. Raymond James & Associates now owns 176,758 shares of the asset manager’s stock worth $6,982,000 after buying an additional 5,174 shares during the last quarter. Stone Ridge Asset Management LLC purchased a new stake in shares of Artisan Partners Asset in the fourth quarter worth about $903,000. Finally, Guggenheim Capital LLC boosted its stake in shares of Artisan Partners Asset by 13.4% in the fourth quarter. Guggenheim Capital LLC now owns 57,793 shares of the asset manager’s stock worth $2,283,000 after buying an additional 6,814 shares during the last quarter. Hedge funds and other institutional investors own 64.04% of the company’s stock.
APAM has been the topic of a number of recent research reports. Royal Bank of Canada set a $41.00 target price on Artisan Partners Asset and gave the stock a “buy” rating in a research note on Friday, December 15th. Bank of America lowered their price target on Artisan Partners Asset from $38.00 to $36.00 and set an “underperform” rating on the stock in a research report on Thursday, February 8th. Zacks Investment Research downgraded Artisan Partners Asset from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $40.00 price target on shares of Artisan Partners Asset in a research report on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Artisan Partners Asset currently has an average rating of “Hold” and an average price target of $38.60.
Artisan Partners Asset (NYSE:APAM) last issued its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). The business had revenue of $210.70 million for the quarter, compared to analysts’ expectations of $211.23 million. Artisan Partners Asset had a return on equity of 119.11% and a net margin of 6.23%. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 EPS. research analysts predict that Artisan Partners Asset will post 3.06 EPS for the current year.
Artisan Partners Asset 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.
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