GSA Capital Partners LLP Acquires 4,736 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

GSA Capital Partners LLP grew its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 71.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,378 shares of the asset manager’s stock after acquiring an additional 4,736 shares during the period. GSA Capital Partners LLP’s holdings in Artisan Partners Asset Management were worth $493,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of APAM. SG Americas Securities LLC bought a new position in shares of Artisan Partners Asset Management during the first quarter valued at about $222,000. Sei Investments Co. raised its stake in shares of Artisan Partners Asset Management by 23.8% during the first quarter. Sei Investments Co. now owns 94,037 shares of the asset manager’s stock valued at $4,304,000 after acquiring an additional 18,107 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Artisan Partners Asset Management by 7.3% during the first quarter. ProShare Advisors LLC now owns 12,547 shares of the asset manager’s stock valued at $574,000 after acquiring an additional 852 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of Artisan Partners Asset Management by 118.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 90,699 shares of the asset manager’s stock valued at $4,151,000 after acquiring an additional 49,189 shares during the last quarter. Finally, UniSuper Management Pty Ltd bought a new position in shares of Artisan Partners Asset Management during the first quarter valued at about $734,000. 86.45% of the stock is owned by institutional investors.

Artisan Partners Asset Management Price Performance

Shares of APAM opened at $46.44 on Wednesday. The stock has a market cap of $3.73 billion, a PE ratio of 12.94 and a beta of 1.79. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. Artisan Partners Asset Management Inc. has a fifty-two week low of $36.45 and a fifty-two week high of $49.52. The firm’s 50-day simple moving average is $44.21 and its two-hundred day simple moving average is $42.70.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.02. The business had revenue of $279.60 million for the quarter, compared to analysts’ expectations of $279.70 million. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. The business’s revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 earnings per share. Analysts anticipate that Artisan Partners Asset Management Inc. will post 3.49 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.82 per share. This represents a $3.28 dividend on an annualized basis and a dividend yield of 7.06%. The ex-dividend date of this dividend is Friday, November 15th. Artisan Partners Asset Management’s payout ratio is 91.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. TD Cowen upped their price objective on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. StockNews.com raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Royal Bank of Canada reissued an “outperform” rating and issued a $50.00 price target on shares of Artisan Partners Asset Management in a research note on Monday, July 29th. Evercore ISI increased their price target on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group decreased their price target on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating for the company in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $44.13.

About Artisan Partners Asset Management

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.