Artisan Partners Asset Management Inc. (APAM) Stake Lifted by Virtu KCG Holdings LLC

Virtu KCG Holdings LLC increased its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 117.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,774 shares of the asset manager’s stock after buying an additional 9,065 shares during the period. Virtu KCG Holdings LLC’s holdings in Artisan Partners Asset Management were worth $515,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in APAM. Quantbot Technologies LP lifted its holdings in Artisan Partners Asset Management by 3.5% in 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 in the last quarter. Tower Research Capital LLC TRC purchased a new position in Artisan Partners Asset Management in the 1st quarter valued at $151,000. Utah Retirement Systems lifted its holdings in Artisan Partners Asset Management by 10.4% in the 1st quarter. Utah Retirement Systems now owns 7,400 shares of the asset manager’s stock valued at $205,000 after purchasing an additional 700 shares in the last quarter. KCG Holdings Inc. purchased a new position in Artisan Partners Asset Management in the 1st quarter valued at $213,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Artisan Partners Asset Management by 0.6% in 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 in the last quarter. Hedge funds and other institutional investors own 65.63% of the company’s stock.

A number of research analysts have weighed in on APAM shares. ValuEngine upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. BidaskClub upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Friday, June 30th. TheStreet upgraded Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a report on Monday, July 17th. Royal Bank Of Canada started coverage on Artisan Partners Asset Management in a report on Thursday, June 29th. They issued an “outperform” rating and a $34.00 price objective on the stock. Finally, Jefferies Group LLC restated a “hold” rating and issued a $32.00 price objective on shares of Artisan Partners Asset Management in a report on Friday, July 14th. One research 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. Artisan Partners Asset Management has an average rating of “Buy” and a consensus target price of $30.56.

Shares of Artisan Partners Asset Management Inc. (NYSE: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. The firm has a market capitalization of $1.71 billion, a P/E ratio of 20.32 and a beta of 1.77. Artisan Partners Asset Management Inc. has a 52 week low of $24.48 and a 52 week high of $34.90.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Monday, July 31st. The asset manager reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.01). Artisan Partners Asset Management had a net margin of 11.37% and a return on equity of 78.75%. The company had revenue of $196.20 million during the quarter, compared to analysts’ expectations of $194.25 million. During the same quarter in the prior year, the company earned $0.53 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts predict that Artisan Partners Asset Management Inc. will post $2.34 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another dom

Several other large investors have also made changes to their positions in APAM. Quantbot Technologies LP lifted its holdings in Artisan Partners Asset Management by 3.5% in 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 in the last quarter. Tower Research Capital LLC TRC purchased a new position in Artisan Partners Asset Management in the 1st quarter valued at $151,000. Utah Retirement Systems lifted its holdings in Artisan Partners Asset Management by 10.4% in the 1st quarter. Utah Retirement Systems now owns 7,400 shares of the asset manager’s stock valued at $205,000 after purchasing an additional 700 shares in the last quarter. KCG Holdings Inc. purchased a new position in Artisan Partners Asset Management in the 1st quarter valued at $213,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Artisan Partners Asset Management by 0.6% in 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 in the last quarter. Hedge funds and other institutional investors own 65.63% of the company’s stock.

A number of research analysts have weighed in on APAM shares. ValuEngine upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. BidaskClub upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Friday, June 30th. TheStreet upgraded Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a report on Monday, July 17th. Royal Bank Of Canada started coverage on Artisan Partners Asset Management in a report on Thursday, June 29th. They issued an “outperform” rating and a $34.00 price objective on the stock. Finally, Jefferies Group LLC restated a “hold” rating and issued a $32.00 price objective on shares of Artisan Partners Asset Management in a report on Friday, July 14th. One research 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. Artisan Partners Asset Management has an average rating of “Buy” and a consensus target price of $30.56.

Shares of Artisan Partners Asset Management Inc. (NYSE: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. The firm has a market capitalization of $1.71 billion, a P/E ratio of 20.32 and a beta of 1.77. Artisan Partners Asset Management Inc. has a 52 week low of $24.48 and a 52 week high of $34.90.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Monday, July 31st. The asset manager reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.01). Artisan Partners Asset Management had a net margin of 11.37% and a return on equity of 78.75%. The company had revenue of $196.20 million during the quarter, compared to analysts’ expectations of $194.25 million. During the same quarter in the prior year, the company earned $0.53 earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts predict that Artisan Partners Asset Management Inc. will post $2.34 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This story was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this story on another domain, it was illegally copied and republished in violation of US and international copyright and trademark law. The legal version of this story can be accessed at https://ledgergazette.com/2017/10/11/artisan-partners-asset-management-inc-apam-stake-lifted-by-virtu-kcg-holdings-llc.html.

Artisan Partners Asset Management 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.

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

Receive News & Ratings for Artisan Partners Asset Management Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artisan Partners Asset Management Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply