Entropy Technologies LP Purchases 18,322 Shares of Artisan Partners Asset Management Inc. $APAM

Entropy Technologies LP raised its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 137.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,681 shares of the asset manager’s stock after acquiring an additional 18,322 shares during the period. Entropy Technologies LP’s holdings in Artisan Partners Asset Management were worth $1,153,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Eagle Bay Advisors LLC bought a new stake in Artisan Partners Asset Management during the 4th quarter valued at approximately $32,000. Triumph Capital Management increased its position in Artisan Partners Asset Management by 112.5% in the 4th quarter. Triumph Capital Management now owns 850 shares of the asset manager’s stock worth $35,000 after buying an additional 450 shares during the period. Garton & Associates Financial Advisors LLC acquired a new position in shares of Artisan Partners Asset Management during the fourth quarter worth approximately $37,000. IFP Advisors Inc lifted its holdings in shares of Artisan Partners Asset Management by 45.8% during the third quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock worth $41,000 after buying an additional 300 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Artisan Partners Asset Management in the fourth quarter valued at approximately $51,000. 86.45% of the stock is owned by institutional investors and hedge funds.

Artisan Partners Asset Management Stock Up 2.2%

Shares of APAM stock opened at $40.20 on Tuesday. The stock has a market cap of $3.24 billion, a P/E ratio of 10.18 and a beta of 1.68. Artisan Partners Asset Management Inc. has a one year low of $33.96 and a one year high of $48.46. The stock has a fifty day moving average price of $36.74 and a 200 day moving average price of $38.61. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.82 and a quick ratio of 0.82.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.04). The business had revenue of $303.01 million during the quarter, compared to the consensus estimate of $304.01 million. Artisan Partners Asset Management had a net margin of 23.49% and a return on equity of 72.99%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm earned $0.83 EPS. Analysts predict that Artisan Partners Asset Management Inc. will post 3.89 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on APAM. Wall Street Zen lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. TD Cowen reissued a “hold” rating on shares of Artisan Partners Asset Management in a report on Thursday, April 9th. Evercore set a $36.00 price target on shares of Artisan Partners Asset Management in a research report on Friday, July 10th. Zacks Research downgraded shares of Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. Finally, Royal Bank Of Canada upped their price objective on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Artisan Partners Asset Management has an average rating of “Reduce” and an average target price of $39.25.

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.