Twelve Points Wealth Management LLC Has $3.09 Million Stock Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Twelve Points Wealth Management LLC lifted its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 71,712 shares of the asset manager’s stock after purchasing an additional 2,629 shares during the quarter. Artisan Partners Asset Management makes up about 0.9% of Twelve Points Wealth Management LLC’s investment portfolio, making the stock its 21st largest position. Twelve Points Wealth Management LLC owned 0.09% of Artisan Partners Asset Management worth $3,087,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Matrix Trust Co bought a new position in shares of Artisan Partners Asset Management in the third quarter valued at about $30,000. Hexagon Capital Partners LLC grew its position 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 buying an additional 296 shares during the period. GAMMA Investing LLC boosted its position in shares of Artisan Partners Asset Management by 45.5% during the third quarter. GAMMA Investing LLC now owns 1,128 shares of the asset manager’s stock worth $49,000 after purchasing an additional 353 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Artisan Partners Asset Management by 735.9% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,212 shares of the asset manager’s stock worth $52,000 after acquiring an additional 1,067 shares in the last quarter. Finally, Quarry LP bought a new position in Artisan Partners Asset Management in the second quarter valued at approximately $63,000. 86.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on APAM. The Goldman Sachs Group decreased their target price on shares of 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. Evercore ISI lifted their price target on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. TD Cowen increased their target price on Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Finally, StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $44.13.

Artisan Partners Asset Management Stock Up 0.2 %

Shares of NYSE APAM opened at $44.49 on Wednesday. Artisan Partners Asset Management Inc. has a 52 week low of $37.89 and a 52 week high of $49.54. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 12.39 and a beta of 1.80. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.49. The firm’s fifty day moving average is $45.04 and its 200 day moving average is $43.60.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Tuesday, October 29th. The asset manager reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $279.60 million for the quarter, compared to analysts’ expectations of $279.70 million. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. Artisan Partners Asset Management’s quarterly revenue was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 earnings per share. On average, equities research analysts expect that Artisan Partners Asset Management Inc. will post 3.18 earnings per share for the current year.

Artisan Partners Asset Management Company 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.