GSA Capital Partners LLP Makes New $567,000 Investment in Artisan Partners Asset Management Inc. $APAM

GSA Capital Partners LLP acquired a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 13,060 shares of the asset manager’s stock, valued at approximately $567,000.

Other hedge funds also recently made changes to their positions in the company. Federated Hermes Inc. grew its position in Artisan Partners Asset Management by 132.1% during the third quarter. Federated Hermes Inc. now owns 469,370 shares of the asset manager’s stock valued at $20,371,000 after buying an additional 267,136 shares during the period. Teacher Retirement System of Texas boosted its stake in Artisan Partners Asset Management by 389.3% in the third quarter. Teacher Retirement System of Texas now owns 134,139 shares of the asset manager’s stock valued at $5,822,000 after acquiring an additional 106,724 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Artisan Partners Asset Management by 1,213.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 104,213 shares of the asset manager’s stock valued at $4,523,000 after acquiring an additional 96,280 shares during the period. AlphaQuest LLC increased its stake in shares of Artisan Partners Asset Management by 795.3% during the 3rd quarter. AlphaQuest LLC now owns 100,914 shares of the asset manager’s stock worth $4,380,000 after purchasing an additional 89,642 shares during the last quarter. Finally, Brandywine Global Investment Management LLC bought a new stake in shares of Artisan Partners Asset Management in the 2nd quarter worth approximately $3,389,000. 86.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

APAM has been the topic of several research analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research note on Monday, December 29th. Evercore upped their price target 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. Royal Bank Of Canada cut 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 reissued a “hold” rating on shares of Artisan Partners Asset Management in a report on Wednesday, December 10th. Finally, Zacks Research downgraded shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Artisan Partners Asset Management has a consensus rating of “Hold” and a consensus price target of $44.00.

Artisan Partners Asset Management Stock Down 3.5%

Shares of NYSE APAM opened at $40.14 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 0.76 and a debt-to-equity ratio of 0.40. The company has a market cap of $3.24 billion, a P/E ratio of 10.01 and a beta of 1.76. Artisan Partners Asset Management Inc. has a 52 week low of $32.75 and a 52 week high of $48.50. The business has a 50-day simple moving average of $43.01 and a two-hundred day simple moving average of $43.76.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results 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. 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 for the quarter, compared to analysts’ expectations of $322.13 million. During the same period in the prior year, the business posted $1.05 earnings per share. The company’s revenue was up 13.0% on a year-over-year basis. Research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current fiscal 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 issued a $0.57 dividend. This represents a yield of 134.0%. The ex-dividend date of this dividend is Friday, February 13th. Artisan Partners Asset Management’s dividend payout ratio (DPR) 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.