Meritage Portfolio Management Has $4.84 Million Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

Meritage Portfolio Management trimmed its position in Artisan Partners Asset Management Inc. (NYSE:APAM) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,379 shares of the asset manager’s stock after selling 8,078 shares during the quarter. Meritage Portfolio Management’s holdings in Artisan Partners Asset Management were worth $4,838,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp raised its stake in shares of Artisan Partners Asset Management by 1.2% in the 3rd quarter. State Street Corp now owns 2,742,935 shares of the asset manager’s stock valued at $118,824,000 after buying an additional 33,723 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Artisan Partners Asset Management by 6.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,643,915 shares of the asset manager’s stock worth $114,534,000 after purchasing an additional 154,536 shares during the period. Wasatch Advisors LP boosted its holdings in Artisan Partners Asset Management by 25.3% during the third quarter. Wasatch Advisors LP now owns 1,812,080 shares of the asset manager’s stock valued at $78,499,000 after purchasing an additional 365,434 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Artisan Partners Asset Management by 4.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager’s stock valued at $76,920,000 after purchasing an additional 82,868 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Artisan Partners Asset Management by 6.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,533,396 shares of the asset manager’s stock worth $66,426,000 after buying an additional 99,005 shares in the last quarter. 86.45% of the stock is owned by institutional investors.

Artisan Partners Asset Management Trading Up 2.4 %

APAM opened at $44.78 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market cap of $3.60 billion, a PE ratio of 12.47 and a beta of 1.81. The firm’s fifty day moving average is $44.71 and its two-hundred day moving average is $43.65. Artisan Partners Asset Management Inc. has a twelve month low of $37.89 and a twelve month high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.08. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. Equities research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.47 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Evercore ISI increased their price objective on Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. TD Cowen boosted their price target on shares of 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. Royal Bank of Canada cut their target price on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating for the company in a research note on Monday. Finally, StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $44.38.

Artisan Partners Asset Management 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.