70,061 Shares in Artisan Partners Asset Management Inc. $APAM Acquired by Ruffer LLP

Ruffer LLP purchased a new stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 70,061 shares of the asset manager’s stock, valued at approximately $3,041,000. Ruffer LLP owned approximately 0.09% of Artisan Partners Asset Management at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in APAM. Chilton Capital Management LLC purchased a new position in Artisan Partners Asset Management in the 3rd quarter worth $28,000. Carolina Wealth Advisors LLC acquired a new stake in shares of Artisan Partners Asset Management during the third quarter worth about $55,000. Atlantic Union Bankshares Corp purchased a new stake in Artisan Partners Asset Management in the second quarter valued at approximately $57,000. Farther Finance Advisors LLC raised its position in Artisan Partners Asset Management by 24.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager’s stock worth $57,000 after buying an additional 249 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Artisan Partners Asset Management by 31.4% during the second quarter. Smartleaf Asset Management LLC now owns 1,465 shares of the asset manager’s stock worth $65,000 after purchasing an additional 350 shares during the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Price Performance

Shares of APAM opened at $44.28 on Thursday. The firm has a 50-day simple moving average of $42.28 and a two-hundred day simple moving average of $44.08. The stock has a market cap of $3.57 billion, a PE ratio of 12.10 and a beta of 1.76. Artisan Partners Asset Management Inc. has a 1-year low of $32.75 and a 1-year high of $48.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.02 and a quick ratio of 1.02.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, October 28th. The asset manager reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. Artisan Partners Asset Management had a net margin of 22.90% and a return on equity of 72.15%. The firm had revenue of $301.29 million during the quarter, compared to analysts’ expectations of $300.90 million. During the same quarter last year, the company posted $0.92 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Evercore ISI lifted their price target on Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research report on Monday, December 29th. TD Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Wednesday, December 10th. Finally, Zacks Research cut Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average 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.