Brandywine Global Investment Management LLC trimmed its stake in shares of Artisan Partners Asset (NYSE:APAM) by 15.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 201,644 shares of the asset manager’s stock after selling 36,692 shares during the period. Brandywine Global Investment Management LLC owned about 0.27% of Artisan Partners Asset worth $7,965,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its position in shares of Artisan Partners Asset by 1.7% during the 4th quarter. BlackRock Inc. now owns 2,942,573 shares of the asset manager’s stock worth $116,232,000 after purchasing an additional 48,159 shares during the last quarter. Atlanta Capital Management Co. L L C grew its stake in Artisan Partners Asset by 3.9% in the 4th quarter. Atlanta Capital Management Co. L L C now owns 2,472,096 shares of the asset manager’s stock worth $97,648,000 after acquiring an additional 92,895 shares during the period. Wells Fargo & Company MN grew its stake in Artisan Partners Asset by 2.0% in the 4th quarter. Wells Fargo & Company MN now owns 2,169,175 shares of the asset manager’s stock worth $85,683,000 after acquiring an additional 43,223 shares during the period. Channing Capital Management LLC grew its stake in Artisan Partners Asset by 16.2% in the 4th quarter. Channing Capital Management LLC now owns 2,033,289 shares of the asset manager’s stock worth $80,315,000 after acquiring an additional 284,025 shares during the period. Finally, Burgundy Asset Management Ltd. grew its stake in Artisan Partners Asset by 0.6% in the 4th quarter. Burgundy Asset Management Ltd. now owns 1,515,632 shares of the asset manager’s stock worth $59,867,000 after acquiring an additional 9,286 shares during the period. Institutional investors own 64.02% of the company’s stock.
APAM has been the subject of several research reports. Bank of America lowered their price objective on shares of Artisan Partners Asset from $38.00 to $36.00 and set an “underperform” rating for the company in a research note on Thursday, February 8th. Zacks Investment Research cut shares of Artisan Partners Asset from a “buy” rating to a “hold” rating in a research note on Monday, February 26th. Royal Bank of Canada set a $41.00 price objective on shares of Artisan Partners Asset and gave the company a “buy” rating in a research note on Friday, December 15th. Finally, Keefe, Bruyette & Woods reaffirmed 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 equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $38.60.
APAM stock traded down $0.70 during trading on Friday, reaching $32.15. The stock had a trading volume of 423,748 shares, compared to its average volume of 283,204. Artisan Partners Asset has a 1-year low of $26.70 and a 1-year high of $41.45. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $2,529.25, a P/E ratio of 13.34, a P/E/G ratio of 0.76 and a beta of 1.72.
Artisan Partners Asset (NYSE:APAM) last issued its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). The firm had revenue of $210.70 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 EPS. sell-side analysts anticipate that Artisan Partners Asset will post 3.17 EPS for the current year.
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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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