Jackson Creek Investment Advisors LLC Invests $1.61 Million in Artisan Partners Asset Management Inc. $APAM

Jackson Creek Investment Advisors LLC bought a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) in the third quarter, Holdings Channel reports. The institutional investor bought 37,159 shares of the asset manager’s stock, valued at approximately $1,613,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Chilton Capital Management LLC bought a new stake in Artisan Partners Asset Management during the third quarter worth about $28,000. Carolina Wealth Advisors LLC bought a new position in shares of Artisan Partners Asset Management in the third quarter valued at approximately $55,000. Farther Finance Advisors LLC boosted its holdings in shares of Artisan Partners Asset Management by 24.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager’s stock worth $57,000 after acquiring an additional 249 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in Artisan Partners Asset Management during the 2nd quarter worth approximately $57,000. Finally, Smartleaf Asset Management LLC grew its position in Artisan Partners Asset Management by 31.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,465 shares of the asset manager’s stock worth $65,000 after acquiring an additional 350 shares during the last quarter. 86.45% of the stock is owned by institutional investors.

Artisan Partners Asset Management Price Performance

Artisan Partners Asset Management stock opened at $45.37 on Tuesday. The business’s 50-day simple moving average is $42.48 and its 200 day simple moving average is $44.02. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.43. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 12.40 and a beta of 1.76. Artisan Partners Asset Management Inc. has a 12-month low of $32.75 and a 12-month high of $48.50.

Analysts Set New Price Targets

Several brokerages have issued reports on APAM. Zacks Research downgraded Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Evercore ISI raised their target price on Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. TD Cowen reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a report on Wednesday, December 10th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Artisan Partners Asset Management in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $44.25.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.