Capital World Investors Acquires 180,000 Shares of Artisan Partners Asset Management Inc. (APAM)

Capital World Investors lifted its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 34.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 705,000 shares of the asset manager’s stock after buying an additional 180,000 shares during the period. Capital World Investors owned approximately 1.42% of Artisan Partners Asset Management worth $21,644,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. AHL Partners LLP boosted its stake in shares of Artisan Partners Asset Management by 102.3% during the second quarter. AHL Partners LLP now owns 226,766 shares of the asset manager’s stock worth $6,962,000 after buying an additional 114,696 shares during the period. Goldman Sachs Group Inc. lifted its position in Artisan Partners Asset Management by 9.9% in the second quarter. Goldman Sachs Group Inc. now owns 1,111,933 shares of the asset manager’s stock valued at $34,137,000 after purchasing an additional 99,766 shares during the period. HighTower Advisors LLC lifted its position in Artisan Partners Asset Management by 37.4% in the second quarter. HighTower Advisors LLC now owns 12,704 shares of the asset manager’s stock valued at $390,000 after purchasing an additional 3,457 shares during the period. People s United Financial Inc. lifted its position in Artisan Partners Asset Management by 5.6% in the second quarter. People s United Financial Inc. now owns 8,813 shares of the asset manager’s stock valued at $270,000 after purchasing an additional 467 shares during the period. Finally, Hillsdale Investment Management Inc. lifted its position in Artisan Partners Asset Management by 270.6% in the second quarter. Hillsdale Investment Management Inc. now owns 47,440 shares of the asset manager’s stock valued at $1,456,000 after purchasing an additional 34,640 shares during the period. Institutional investors and hedge funds own 65.63% of the company’s stock.

Shares of Artisan Partners Asset Management Inc. (NYSE APAM) opened at 33.60 on Monday. The firm has a market cap of $1.67 billion, a P/E ratio of 19.82 and a beta of 1.77. The company has a 50-day moving average of $31.00 and a 200-day moving average of $29.86. Artisan Partners Asset Management Inc. has a 12 month low of $24.48 and a 12 month high of $33.95.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Monday, July 31st. The asset manager reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). The firm had revenue of $196.20 million for the quarter, compared to analyst estimates of $194.25 million. Artisan Partners Asset Management had a net margin of 11.37% and a return on equity of 78.75%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 earnings per share. Equities analysts forecast that Artisan Partners Asset Management Inc. will post $2.34 EPS for the current fiscal year.

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APAM has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Jefferies Group LLC restated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Friday, August 18th. Royal Bank Of Canada set a $36.00 price objective on shares of Artisan Partners Asset Management and gave the company a “buy” rating in a research report on Tuesday, August 1st. TheStreet upgraded shares of Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research report on Monday, July 17th. Finally, Zacks Investment Research upgraded shares of Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $29.50.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.

Institutional Ownership by Quarter for Artisan Partners Asset Management (NYSE:APAM)

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