Hennion & Walsh Asset Management Inc. Increases Stock Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Hennion & Walsh Asset Management Inc. boosted its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 22.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,969 shares of the asset manager’s stock after acquiring an additional 8,095 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Artisan Partners Asset Management were worth $1,905,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Matrix Trust Co purchased a new stake in shares of Artisan Partners Asset Management in the 3rd quarter valued at about $30,000. MCF Advisors LLC purchased a new stake in Artisan Partners Asset Management in the first quarter valued at approximately $31,000. GAMMA Investing LLC lifted its position in Artisan Partners Asset Management by 81.5% during the second quarter. GAMMA Investing LLC now owns 775 shares of the asset manager’s stock valued at $32,000 after purchasing an additional 348 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in Artisan Partners Asset Management by 41.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager’s stock worth $43,000 after buying an additional 296 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Artisan Partners Asset Management by 735.9% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,212 shares of the asset manager’s stock worth $52,000 after buying an additional 1,067 shares during the last quarter. Institutional investors own 86.45% of the company’s stock.

Wall Street Analyst Weigh In

APAM has been the subject of several research reports. TD Cowen upped their target price on shares of Artisan Partners Asset Management from $38.00 to $39.00 and gave the stock a “hold” rating in a research report on Thursday, July 25th. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and set a $50.00 price objective on shares of Artisan Partners Asset Management in a report on Monday, July 29th. Finally, The Goldman Sachs Group cut their target price on Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating for the company in a research note on Thursday, October 3rd. One 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.83.

Artisan Partners Asset Management Stock Performance

NYSE APAM opened at $43.65 on Friday. The company has a 50-day simple moving average of $42.35 and a two-hundred day simple moving average of $42.27. Artisan Partners Asset Management Inc. has a 12-month low of $32.12 and a 12-month high of $47.08. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 13.31 and a beta of 1.79. The company has a quick ratio of 0.71, a current ratio of 0.71 and a debt-to-equity ratio of 0.54.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results 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 net margin of 22.75% and a return on equity of 71.76%. The company had revenue of $270.80 million for the quarter, compared to analysts’ expectations of $274.70 million. During the same quarter in the prior year, the company earned $0.71 earnings per share. The company’s revenue was up 11.5% compared to the same quarter last year. On average, equities analysts forecast that Artisan Partners Asset Management Inc. will post 3.36 EPS for the current year.

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.