Whittier Trust Co. of Nevada Inc. Has $52,000 Stock Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Whittier Trust Co. of Nevada Inc. boosted its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 735.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,212 shares of the asset manager’s stock after buying an additional 1,067 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Artisan Partners Asset Management were worth $52,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of APAM. Matrix Trust Co acquired a new position in shares of Artisan Partners Asset Management during the 3rd quarter worth approximately $30,000. MCF Advisors LLC bought a new stake in shares of Artisan Partners Asset Management during the 1st quarter worth approximately $31,000. GAMMA Investing LLC lifted its holdings in shares of Artisan Partners Asset Management by 81.5% during the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the asset manager’s stock worth $32,000 after acquiring an additional 348 shares during the period. Hexagon Capital Partners LLC lifted its holdings in shares of Artisan Partners Asset Management by 41.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager’s stock worth $43,000 after acquiring an additional 296 shares during the period. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Artisan Partners Asset Management by 246.7% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 1,054 shares of the asset manager’s stock worth $48,000 after acquiring an additional 750 shares during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.

Artisan Partners Asset Management Trading Up 0.7 %

APAM opened at $43.50 on Friday. 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 quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average of $42.29 and a 200-day moving average of $42.28. The stock has a market cap of $3.50 billion, a PE ratio of 13.26 and a beta of 1.79.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, July 23rd. The asset manager reported $0.82 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $270.80 million for the quarter, compared to analyst estimates of $274.70 million. During the same quarter last year, the company earned $0.71 earnings per share. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, sell-side analysts predict that Artisan Partners Asset Management Inc. will post 3.36 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on APAM shares. The Goldman Sachs Group cut their price target 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. TD Cowen upped their price target on shares of Artisan Partners Asset Management from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. StockNews.com raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 price target on shares of Artisan Partners Asset Management in a research note on Monday, July 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $42.83.

About Artisan Partners Asset Management

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.