GSA Capital Partners LLP Acquires New Stake in Artisan Partners Asset Management Inc. $APAM

GSA Capital Partners LLP bought a new position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 13,060 shares of the asset manager’s stock, valued at approximately $567,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Chilton Capital Management LLC purchased a new position in shares of Artisan Partners Asset Management during the third quarter worth about $28,000. Plato Investment Management Ltd purchased a new stake in Artisan Partners Asset Management in the third quarter valued at approximately $43,000. Carolina Wealth Advisors LLC bought a new stake in Artisan Partners Asset Management during the third quarter valued at approximately $55,000. Atlantic Union Bankshares Corp purchased a new position in Artisan Partners Asset Management in the 2nd quarter worth approximately $57,000. Finally, Smartleaf Asset Management LLC grew its stake in 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 buying an additional 350 shares in the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Wall Street Analyst Weigh In

APAM has been the subject of a number of research analyst reports. Evercore lifted their price objective on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an “in-line” rating in a report on Thursday, October 30th. Weiss Ratings reissued a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research note on Monday, December 29th. Royal Bank Of Canada dropped their price target on Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating for the company in a research note on Friday, February 6th. TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a report on Wednesday, December 10th. Finally, Zacks Research lowered Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $44.00.

Artisan Partners Asset Management Price Performance

Shares of Artisan Partners Asset Management stock opened at $40.14 on Tuesday. 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 business’s 50 day simple moving average is $43.01 and its two-hundred day simple moving average is $43.76. The stock has a market capitalization of $3.24 billion, a P/E ratio of 10.01 and a beta of 1.76. Artisan Partners Asset Management Inc. has a one year low of $32.75 and a one year high of $48.50.

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 analysts’ consensus estimates of $1.11 by $0.15. Artisan Partners Asset Management had a return on equity of 73.74% and a net margin of 24.26%.The firm had revenue of $335.50 million during the quarter, compared to analyst estimates of $322.13 million. During the same quarter in the prior year, the firm posted $1.05 earnings per share. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. Analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Announces Dividend

The company 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 dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, February 13th. This represents a yield of 134.0%. Artisan Partners Asset Management’s dividend payout ratio is presently 100.75%.

About Artisan Partners Asset Management

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.