GSA Capital Partners LLP Acquires 4,736 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

GSA Capital Partners LLP raised its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 71.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,378 shares of the asset manager’s stock after acquiring an additional 4,736 shares during the quarter. GSA Capital Partners LLP’s holdings in Artisan Partners Asset Management were worth $493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Matrix Trust Co bought a new stake in Artisan Partners Asset Management during the 3rd quarter valued at $30,000. GAMMA Investing LLC grew its position in shares of Artisan Partners Asset Management by 81.5% during the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the asset manager’s stock valued at $32,000 after purchasing an additional 348 shares in the last quarter. Hexagon Capital Partners LLC grew its position in shares of Artisan Partners Asset Management by 41.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager’s stock valued at $43,000 after purchasing an additional 296 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in shares of Artisan Partners Asset Management by 735.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,212 shares of the asset manager’s stock valued at $52,000 after purchasing an additional 1,067 shares in the last quarter. Finally, Quarry LP purchased a new position in shares of Artisan Partners Asset Management during the 2nd quarter valued at $63,000. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Down 0.9 %

Shares of NYSE:APAM opened at $46.44 on Wednesday. Artisan Partners Asset Management Inc. has a 52-week low of $36.45 and a 52-week high of $49.52. The firm has a fifty day moving average of $44.21 and a 200 day moving average of $42.70. The firm has a market capitalization of $3.73 billion, a PE ratio of 12.94 and a beta of 1.79. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Tuesday, October 29th. The asset manager reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The business had revenue of $279.60 million during the quarter, compared to the consensus estimate of $279.70 million. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. As a group, research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.49 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.82 dividend. This represents a $3.28 annualized dividend and a yield of 7.06%. The ex-dividend date is Friday, November 15th. Artisan Partners Asset Management’s dividend payout ratio is presently 91.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on APAM shares. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. TD Cowen boosted their price target on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Evercore ISI boosted their price target on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. The Goldman Sachs Group reduced their price target on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating for the company in a research report on Thursday, October 3rd. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $50.00 target price on shares of Artisan Partners Asset Management in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $44.13.

Artisan Partners Asset Management Company Profile

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.