HighTower Advisors LLC raised its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 37.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,704 shares of the asset manager’s stock after purchasing an additional 3,457 shares during the quarter. HighTower Advisors LLC’s holdings in Artisan Partners Asset Management were worth $390,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. grew its stake in shares of Artisan Partners Asset Management by 0.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 8,106 shares of the asset manager’s stock valued at $224,000 after purchasing an additional 47 shares during the period. Alliancebernstein L.P. grew its stake in shares of Artisan Partners Asset Management by 0.3% during the 1st quarter. Alliancebernstein L.P. now owns 19,918 shares of the asset manager’s stock valued at $550,000 after purchasing an additional 50 shares during the period. Bbva Compass Bancshares Inc. grew its stake in shares of Artisan Partners Asset Management by 0.5% during the 2nd quarter. Bbva Compass Bancshares Inc. now owns 18,167 shares of the asset manager’s stock valued at $558,000 after purchasing an additional 93 shares during the period. Quantbot Technologies LP grew its stake in shares of Artisan Partners Asset Management by 3.5% during the 2nd quarter. Quantbot Technologies LP now owns 3,591 shares of the asset manager’s stock valued at $110,000 after purchasing an additional 120 shares during the period. Finally, Comerica Bank grew its stake in shares of Artisan Partners Asset Management by 1.9% during the 2nd quarter. Comerica Bank now owns 10,810 shares of the asset manager’s stock valued at $356,000 after purchasing an additional 199 shares during the period. Institutional investors and hedge funds own 65.63% of the company’s stock.

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A number of research firms have issued reports on APAM. Royal Bank Of Canada set a $36.00 price target on Artisan Partners Asset Management and gave the company a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods downgraded Artisan Partners Asset Management from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $32.00 to $33.00 in a research note on Wednesday, August 2nd. BidaskClub downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, TheStreet upgraded Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Artisan Partners Asset Management currently has a consensus rating of “Buy” and a consensus target price of $30.56.

Artisan Partners Asset Management Inc. (NYSE:APAM) opened at 35.90 on Friday. The company has a market capitalization of $1.78 billion, a P/E ratio of 21.18 and a beta of 1.77. The company’s 50 day moving average price is $32.44 and its 200-day moving average price is $30.41. Artisan Partners Asset Management Inc. has a 52 week low of $24.48 and a 52 week high of $36.00.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Monday, July 31st. The asset manager reported $0.58 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.01). The company had revenue of $196.20 million for the quarter, compared to analyst estimates of $194.25 million. Artisan Partners Asset Management had a return on equity of 78.75% and a net margin of 11.37%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the business earned $0.53 earnings per share. Equities research analysts expect that Artisan Partners Asset Management Inc. will post $2.36 earnings per share for the current year.

Artisan Partners Asset Management Company Profile

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.

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

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