Federated Hermes Inc. Increases Stock Position in Artisan Partners Asset Management Inc. $APAM

Federated Hermes Inc. boosted its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 132.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 469,370 shares of the asset manager’s stock after buying an additional 267,136 shares during the period. Federated Hermes Inc.’s holdings in Artisan Partners Asset Management were worth $20,371,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Chilton Capital Management LLC purchased a new stake in shares of Artisan Partners Asset Management during the 3rd quarter worth approximately $28,000. Carolina Wealth Advisors LLC bought a new stake in Artisan Partners Asset Management in the third quarter worth $55,000. Farther Finance Advisors LLC raised its stake in Artisan Partners Asset Management by 24.1% during the second quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager’s stock valued at $57,000 after purchasing an additional 249 shares in the last quarter. Atlantic Union Bankshares Corp bought a new position in Artisan Partners Asset Management during the second quarter valued at $57,000. Finally, Smartleaf Asset Management LLC lifted its position in 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 valued at $65,000 after purchasing an additional 350 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Performance

Shares of NYSE:APAM opened at $44.60 on Friday. The firm’s 50 day simple moving average is $42.40 and its 200-day simple moving average is $44.06. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.02 and a current ratio of 1.02. Artisan Partners Asset Management Inc. has a one year low of $32.75 and a one year high of $48.50. The firm has a market cap of $3.60 billion, a PE ratio of 12.19 and a beta of 1.76.

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

Wall Street Analysts Forecast Growth

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