Versor Investments LP Buys New Holdings in Artisan Partners Asset Management Inc. $APAM

Versor Investments LP purchased a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 22,400 shares of the asset manager’s stock, valued at approximately $972,000.

Several other institutional investors have also made changes to their positions in APAM. Chilton Capital Management LLC bought a new position in Artisan Partners Asset Management during the third quarter worth about $28,000. Plato Investment Management Ltd acquired a new stake in Artisan Partners Asset Management in the 3rd quarter valued at $43,000. Carolina Wealth Advisors LLC acquired a new stake in shares of Artisan Partners Asset Management during the 3rd quarter worth about $55,000. Atlantic Union Bankshares Corp acquired a new stake in shares of Artisan Partners Asset Management during the second quarter worth approximately $57,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Artisan Partners Asset Management by 31.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,465 shares of the asset manager’s stock worth $65,000 after acquiring an additional 350 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on APAM. TD Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a report on Wednesday, December 10th. Royal Bank Of Canada decreased their price objective on shares of Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Zacks Research downgraded shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research note on Monday, December 29th. Finally, Evercore increased their price objective on Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $44.00.

Artisan Partners Asset Management Price Performance

Artisan Partners Asset Management stock opened at $45.39 on Wednesday. Artisan Partners Asset Management Inc. has a one year low of $32.75 and a one year high of $48.50. The stock’s fifty day moving average price is $42.89 and its two-hundred day moving average price is $43.97. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.76 and a quick ratio of 1.02. The firm has a market cap of $3.66 billion, a PE ratio of 11.32 and a beta of 1.76.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.15. The business had revenue of $335.50 million for the quarter, compared to analyst estimates of $322.13 million. Artisan Partners Asset Management had a return on equity of 73.74% and a net margin of 24.26%.Artisan Partners Asset Management’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share. As a group, research analysts expect that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Announces Dividend

The business also recently declared an annual dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a $0.57 dividend. This represents a dividend yield of 127.0%. The ex-dividend date is Friday, February 13th. Artisan Partners Asset Management’s payout ratio is 100.75%.

Artisan Partners Asset Management 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.