Quantbot Technologies LP Invests $2.01 Million in Artisan Partners Asset Management Inc. (NYSE:APAM)

Quantbot Technologies LP acquired a new stake in Artisan Partners Asset Management Inc. (NYSE:APAM) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 46,280 shares of the asset manager’s stock, valued at approximately $2,005,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Matrix Trust Co acquired a new position in Artisan Partners Asset Management in the 3rd quarter valued at about $30,000. GAMMA Investing LLC lifted its holdings in Artisan Partners Asset Management by 81.5% in the second quarter. GAMMA Investing LLC now owns 775 shares of the asset manager’s stock valued at $32,000 after acquiring an additional 348 shares during the last quarter. Hexagon Capital Partners LLC grew its position in Artisan Partners Asset Management by 41.8% in the third quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager’s stock worth $43,000 after acquiring an additional 296 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in Artisan Partners Asset Management by 735.9% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,212 shares of the asset manager’s stock worth $52,000 after acquiring an additional 1,067 shares during the last quarter. Finally, Quarry LP purchased a new stake in Artisan Partners Asset Management in the second quarter valued at $63,000. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Stock Up 0.6 %

Shares of APAM opened at $48.63 on Friday. 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 stock has a market capitalization of $3.91 billion, a PE ratio of 13.55 and a beta of 1.79. The company’s 50-day simple moving average is $45.01 and its 200-day simple moving average is $42.88. Artisan Partners Asset Management Inc. has a 1 year low of $36.89 and a 1 year high of $49.52.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, October 29th. The asset manager reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. The company had revenue of $279.60 million during the quarter, compared to analysts’ expectations of $279.70 million. During the same quarter last year, the company posted $0.75 EPS. The firm’s revenue was up 12.4% compared to the same quarter last year. Analysts forecast 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 business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.82 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $3.28 annualized dividend and a yield of 6.74%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 91.37%.

Wall Street Analysts Forecast Growth

APAM has been the subject of a number of research analyst reports. Evercore ISI increased their price target on Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. TD Cowen boosted their price target 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. Finally, The Goldman Sachs Group lowered their price objective on shares of Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating for the company in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $44.13.

Artisan Partners Asset Management 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.