Burgundy Asset Management Ltd Decreased Artisan Partners Asset Management Inc. (NYSE:APAM) Stake By $45.14 Million

August 13, 2018 - By Catherine Diaz

Investors sentiment decreased to 1.17 in Q1 2018. Its down 0.49, from 1.66 in 2017Q4. It turned negative, as 19 investors sold APAM shares while 69 reduced holdings. 37 funds opened positions while 66 raised stakes. 47.43 million shares or 1.52% less from 48.16 million shares in 2017Q4 were reported. 850 were accumulated by Alphaone Inv Ltd Liability. Hanseatic Service Incorporated holds 0.02% of its portfolio in Artisan Partners Asset Management Inc. (NYSE:APAM) for 754 shares. Bbva Compass Bankshares owns 0.04% invested in Artisan Partners Asset Management Inc. (NYSE:APAM) for 20,937 shares. 233,719 are held by Schwab Charles Invest Mgmt. Meeder Asset Management reported 0.01% of its portfolio in Artisan Partners Asset Management Inc. (NYSE:APAM). Howe & Rusling holds 0% in Artisan Partners Asset Management Inc. (NYSE:APAM) or 81 shares. Citigroup Inc reported 6,591 shares stake. Comerica Bank & Trust, a Michigan-based fund reported 10,639 shares. Retail Bank Of America Corporation De owns 595,316 shares. Investors reported 0.01% of its portfolio in Artisan Partners Asset Management Inc. (NYSE:APAM). Manufacturers Life Ins Company The invested in 34,742 shares or 0% of the stock. First Republic Mngmt holds 0% or 16,639 shares. Envestnet Asset Mngmt Inc, a Illinois-based fund reported 15,522 shares. Ftb Advsrs holds 316 shares or 0% of its portfolio. Tower Cap Ltd (Trc) reported 0% stake.

Burgundy Asset Management Ltd decreased its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 98.12% based on its latest 2018Q2 regulatory filing with the SEC. Burgundy Asset Management Ltd sold 1.50 million shares as the company’s stock declined 4.75% with the market. The institutional investor held 28,900 shares of the investment managers company at the end of 2018Q2, valued at $871,000, down from 1.53M at the end of the previous reported quarter. Burgundy Asset Management Ltd who had been investing in Artisan Partners Asset Management Inc. for a number of months, seems to be less bullish one the $2.61 billion market cap company. The stock decreased 1.74% or $0.6 during the last trading session, reaching $33.9. About 296,595 shares traded or 5.95% up from the average. Artisan Partners Asset Management Inc. (NYSE:APAM) has risen 19.60% since August 13, 2017 and is uptrending. It has outperformed by 7.03% the S&P500.

Burgundy Asset Management Ltd is a Ontario, Canada-based institutional investor with more than $19.85 billion AUM in January, 2015. This fund invests only a small percentage of its assets in equities and options. Taken from Burgundy Asset Management latest Adv, the fund reported to have 106 full and part-time employees. Among which 41 performing investment advisory and research functions. The institutional investor had more than 2000 clients.

Artisan Partners Asset Management Inc. (NYSE:APAM) Ratings Coverage

Among 3 analysts covering Artisan Partners (NYSE:APAM), 0 have Buy rating, 1 Sell and 2 Hold. Therefore 0 are positive. Artisan Partners had 4 analyst reports since February 15, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, April 10 by Keefe Bruyette & Woods. The firm has “Hold” rating given on Thursday, February 15 by Jefferies. The stock of Artisan Partners Asset Management Inc. (NYSE:APAM) earned “Underperform” rating by Bank of America on Thursday, August 2. As per Wednesday, April 11, the company rating was maintained by Jefferies.

Artisan Partners Asset Management Inc. is publicly owned investment manager. The company has market cap of $2.61 billion. 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. It has a 23.57 P/E ratio. It manages separate client-focused equity and fixed income portfolios.

More news for Artisan Partners Asset Management Inc. (NYSE:APAM) were recently published by: Nasdaq.com, which released: “Artisan Partners Asset Management Inc. to Announce 2Q18 Results on July 31, 2018” on July 17, 2018. Globenewswire.com‘s article titled: “Artisan Partners Asset Management Inc. Reports 2Q18 Results” and published on July 31, 2018 is yet another important article.

Artisan Partners Asset Management Inc. (NYSE:APAM) Ratings Chart

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