Artisan Partners Asset Management Inc (NYSE:APAM) Short Interest Update

Artisan Partners Asset Management Inc (NYSE:APAM) was the recipient of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 1,590,000 shares, a decline of 11.2% from the December 15th total of 1,790,000 shares. Approximately 3.0% of the shares of the stock are sold short. Based on an average trading volume of 382,700 shares, the days-to-cover ratio is currently 4.2 days.

Several institutional investors have recently added to or reduced their stakes in APAM. FMR LLC raised its stake in shares of Artisan Partners Asset Management by 3,865,000.0% in the 1st quarter. FMR LLC now owns 38,651 shares of the asset manager’s stock valued at $973,000 after acquiring an additional 38,650 shares during the period. Bank of Montreal Can raised its stake in shares of Artisan Partners Asset Management by 148,633.3% in the 2nd quarter. Bank of Montreal Can now owns 4,462 shares of the asset manager’s stock valued at $123,000 after acquiring an additional 4,459 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Artisan Partners Asset Management by 8.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 409,064 shares of the asset manager’s stock valued at $11,258,000 after acquiring an additional 31,419 shares during the period. M&T Bank Corp purchased a new stake in shares of Artisan Partners Asset Management in the 2nd quarter valued at approximately $204,000. Finally, Public Employees Retirement System of Ohio raised its stake in shares of Artisan Partners Asset Management by 1.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 71,690 shares of the asset manager’s stock valued at $1,973,000 after acquiring an additional 899 shares during the period. 61.80% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have commented on the stock. Citigroup raised shares of Artisan Partners Asset Management from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $25.00 to $33.00 in a research note on Wednesday, November 6th. ValuEngine downgraded shares of Artisan Partners Asset Management from a “sell” rating to a “strong sell” rating in a research note on Saturday, December 21st. Zacks Investment Research raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research note on Monday, December 23rd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $34.00 target price on shares of Artisan Partners Asset Management in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $32.00.

APAM stock traded up $0.28 during trading on Tuesday, reaching $34.59. 6,654 shares of the stock were exchanged, compared to its average volume of 307,477. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 2.46. The business has a 50 day moving average price of $31.44 and a 200-day moving average price of $28.71. Artisan Partners Asset Management has a 1 year low of $21.21 and a 1 year high of $34.31. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 1.05 and a beta of 1.88.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, October 29th. The asset manager reported $0.70 EPS for the quarter, hitting analysts’ consensus estimates of $0.70. Artisan Partners Asset Management had a net margin of 18.48% and a return on equity of 169.99%. The company had revenue of $202.90 million for the quarter, compared to the consensus estimate of $202.46 million. During the same period in the previous year, the firm earned $0.79 earnings per share. Artisan Partners Asset Management’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, research analysts anticipate that Artisan Partners Asset Management will post 2.64 EPS for the current year.

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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