Artisan Partners Asset Management Inc. (APAM) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. increased its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 120.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 199,042 shares of the asset manager’s stock after acquiring an additional 108,711 shares during the period. Schwab Charles Investment Management Inc. owned about 0.40% of Artisan Partners Asset Management worth $6,111,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Artisan Partners Asset Management by 21.7% in the 1st quarter. Vanguard Group Inc. now owns 3,767,507 shares of the asset manager’s stock valued at $103,983,000 after buying an additional 671,858 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Artisan Partners Asset Management by 34.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,012,167 shares of the asset manager’s stock valued at $27,935,000 after buying an additional 261,498 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Artisan Partners Asset Management by 25.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 870,112 shares of the asset manager’s stock valued at $24,015,000 after buying an additional 179,032 shares during the last quarter. Geode Capital Management LLC boosted its position in Artisan Partners Asset Management by 31.0% in the 1st quarter. Geode Capital Management LLC now owns 344,561 shares of the asset manager’s stock valued at $9,509,000 after buying an additional 81,558 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Artisan Partners Asset Management by 14.1% in the 1st quarter. Bank of New York Mellon Corp now owns 655,986 shares of the asset manager’s stock valued at $18,105,000 after buying an additional 80,938 shares during the last quarter. Institutional investors and hedge funds own 65.63% of the company’s stock.

Artisan Partners Asset Management Inc. (APAM) opened at 34.45 on Wednesday. The firm has a 50-day moving average price of $31.29 and a 200-day moving average price of $30.01. Artisan Partners Asset Management Inc. has a 12 month low of $24.48 and a 12 month high of $34.90. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 20.32 and a beta of 1.77.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Monday, July 31st. The asset manager reported $0.58 earnings per share (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 quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $0.53 earnings per share. On average, equities analysts anticipate that Artisan Partners Asset Management Inc. will post $2.34 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Artisan Partners Asset Management Inc. (APAM) Shares Bought by Schwab Charles Investment Management Inc.” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/11/artisan-partners-asset-management-inc-apam-shares-bought-by-schwab-charles-investment-management-inc.html.

A number of research analysts have commented on the company. Zacks Investment Research upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Tuesday. BidaskClub upgraded Artisan Partners Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Jefferies Group LLC reiterated a “hold” rating and issued a $32.00 price objective on shares of Artisan Partners Asset Management in a research report on Tuesday, September 26th. Sidoti upgraded Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a research report on Friday, August 4th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods lowered Artisan Partners Asset Management from an “outperform” rating to a “market perform” rating and increased their price objec

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Artisan Partners Asset Management by 21.7% in the 1st quarter. Vanguard Group Inc. now owns 3,767,507 shares of the asset manager’s stock valued at $103,983,000 after buying an additional 671,858 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Artisan Partners Asset Management by 34.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,012,167 shares of the asset manager’s stock valued at $27,935,000 after buying an additional 261,498 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Artisan Partners Asset Management by 25.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 870,112 shares of the asset manager’s stock valued at $24,015,000 after buying an additional 179,032 shares during the last quarter. Geode Capital Management LLC boosted its position in Artisan Partners Asset Management by 31.0% in the 1st quarter. Geode Capital Management LLC now owns 344,561 shares of the asset manager’s stock valued at $9,509,000 after buying an additional 81,558 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Artisan Partners Asset Management by 14.1% in the 1st quarter. Bank of New York Mellon Corp now owns 655,986 shares of the asset manager’s stock valued at $18,105,000 after buying an additional 80,938 shares during the last quarter. Institutional investors and hedge funds own 65.63% of the company’s stock.

Artisan Partners Asset Management Inc. (APAM) opened at 34.45 on Wednesday. The firm has a 50-day moving average price of $31.29 and a 200-day moving average price of $30.01. Artisan Partners Asset Management Inc. has a 12 month low of $24.48 and a 12 month high of $34.90. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 20.32 and a beta of 1.77.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Monday, July 31st. The asset manager reported $0.58 earnings per share (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 quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $0.53 earnings per share. On average, equities analysts anticipate that Artisan Partners Asset Management Inc. will post $2.34 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Artisan Partners Asset Management Inc. (APAM) Shares Bought by Schwab Charles Investment Management Inc.” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/11/artisan-partners-asset-management-inc-apam-shares-bought-by-schwab-charles-investment-management-inc.html.

A number of research analysts have commented on the company. Zacks Investment Research upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Tuesday. BidaskClub upgraded Artisan Partners Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Jefferies Group LLC reiterated a “hold” rating and issued a $32.00 price objective on shares of Artisan Partners Asset Management in a research report on Tuesday, September 26th. Sidoti upgraded Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a research report on Friday, August 4th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods lowered Artisan Partners Asset Management from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $32.00 to $33.00 in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $30.56.

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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