Hsbc Holdings PLC Boosts Stake in Artisan Partners Asset Management Inc (NYSE:APAM)

Hsbc Holdings PLC raised its holdings in Artisan Partners Asset Management Inc (NYSE:APAM) by 21.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,936 shares of the asset manager’s stock after purchasing an additional 2,761 shares during the period. Hsbc Holdings PLC’s holdings in Artisan Partners Asset Management were worth $353,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in APAM. Great West Life Assurance Co. Can increased its position in Artisan Partners Asset Management by 7.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 7,268 shares of the asset manager’s stock worth $153,000 after purchasing an additional 504 shares during the last quarter. GAM Holding AG increased its position in Artisan Partners Asset Management by 4.4% during the fourth quarter. GAM Holding AG now owns 15,609 shares of the asset manager’s stock worth $340,000 after purchasing an additional 653 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in Artisan Partners Asset Management by 9.0% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 15,506 shares of the asset manager’s stock worth $343,000 after purchasing an additional 1,285 shares during the last quarter. Comerica Bank increased its position in Artisan Partners Asset Management by 15.2% during the fourth quarter. Comerica Bank now owns 11,801 shares of the asset manager’s stock worth $270,000 after purchasing an additional 1,556 shares during the last quarter. Finally, Swiss National Bank increased its position in Artisan Partners Asset Management by 2.9% during the third quarter. Swiss National Bank now owns 89,400 shares of the asset manager’s stock worth $2,897,000 after purchasing an additional 2,500 shares during the last quarter. 63.48% of the stock is currently owned by institutional investors.

In other Artisan Partners Asset Management news, insider Jason A. Gottlieb sold 10,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $26.18, for a total transaction of $261,800.00. Following the transaction, the insider now directly owns 101,710 shares in the company, valued at approximately $2,662,767.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 28.23% of the company’s stock.

Shares of APAM stock traded down $0.12 on Friday, hitting $28.63. The stock had a trading volume of 358,190 shares, compared to its average volume of 470,465. The company has a market capitalization of $2.20 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 1.65 and a beta of 1.74. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.42. Artisan Partners Asset Management Inc has a 52-week low of $20.16 and a 52-week high of $35.50.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Monday, February 4th. The asset manager reported $0.61 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.01). Artisan Partners Asset Management had a net margin of 19.10% and a return on equity of 184.56%. The company had revenue of $191.50 million for the quarter, compared to the consensus estimate of $193.12 million. During the same quarter last year, the company earned $0.66 earnings per share. The company’s revenue was down 9.1% compared to the same quarter last year. Equities research analysts predict that Artisan Partners Asset Management Inc will post 2.49 EPS for the current year.

APAM has been the subject of several research analyst reports. Zacks Investment Research raised shares of Artisan Partners Asset Management from a “sell” rating to a “hold” rating in a research report on Wednesday, March 13th. Citigroup downgraded shares of Artisan Partners Asset Management from a “neutral” rating to a “sell” rating in a research note on Monday, January 14th. Bank of America set a $25.00 price objective on shares of Artisan Partners Asset Management and gave the stock a “sell” rating in a research note on Tuesday, April 9th. TheStreet upgraded shares of Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research note on Monday, April 15th. Finally, ValuEngine upgraded shares of Artisan Partners Asset Management from a “strong sell” rating to a “sell” rating in a research note on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Artisan Partners Asset Management currently has a consensus rating of “Hold” and an average target price of $29.60.

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About Artisan Partners Asset Management

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.

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

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