GAMMA Investing LLC Grows Stock Holdings in Artisan Partners Asset Management Inc. (NYSE:APAM)

GAMMA Investing LLC raised its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 31.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,478 shares of the asset manager’s stock after purchasing an additional 350 shares during the quarter. GAMMA Investing LLC’s holdings in Artisan Partners Asset Management were worth $64,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Matrix Trust Co purchased a new stake in Artisan Partners Asset Management during the 3rd quarter worth $30,000. Hexagon Capital Partners LLC grew its stake in shares of Artisan Partners Asset Management by 41.8% during the third quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager’s stock valued at $43,000 after acquiring an additional 296 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Artisan Partners Asset Management by 735.9% in 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. Quarry LP acquired a new position in Artisan Partners Asset Management during the 2nd quarter worth $63,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in Artisan Partners Asset Management by 75.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,851 shares of the asset manager’s stock valued at $76,000 after buying an additional 797 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Wall Street Analysts Forecast Growth

APAM has been the subject of several research reports. StockNews.com raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Evercore ISI boosted their price objective on 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. TD Cowen increased their target price on Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group cut their price objective on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating on the stock in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Artisan Partners Asset Management has an average rating of “Hold” and an average price target of $44.13.

Artisan Partners Asset Management Trading Down 2.9 %

Shares of APAM stock opened at $40.77 on Monday. Artisan Partners Asset Management Inc. has a 1 year low of $37.89 and a 1 year high of $49.54. The stock has a fifty day moving average of $46.01 and a two-hundred day moving average of $43.36. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $3.28 billion, a PE ratio of 11.36 and a beta of 1.80.

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

Artisan Partners Asset Management Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a yield of 8.05%. The ex-dividend date of this dividend was Friday, November 15th. Artisan Partners Asset Management’s payout ratio is 91.36%.

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.