Asset Management One Co. Ltd. Boosts Stock Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Posted by on May 3rd, 2023

Asset Management One Co. Ltd. raised its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM – Get Rating) by 29.4% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 81,572 shares of the asset manager’s stock after acquiring an additional 18,538 shares during the quarter. Asset Management One Co. Ltd. owned approximately 0.10% of Artisan Partners Asset Management worth $2,447,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Toroso Investments LLC bought a new position in shares of Artisan Partners Asset Management during the 3rd quarter worth $1,042,000. RDA Financial Network bought a new position in shares of Artisan Partners Asset Management during the 4th quarter worth $277,000. Brinker Capital Investments LLC grew its position in shares of Artisan Partners Asset Management by 6.0% during the 3rd quarter. Brinker Capital Investments LLC now owns 39,892 shares of the asset manager’s stock worth $1,074,000 after buying an additional 2,245 shares in the last quarter. Victory Capital Management Inc. boosted its position in Artisan Partners Asset Management by 8.7% during the third quarter. Victory Capital Management Inc. now owns 1,062,757 shares of the asset manager’s stock valued at $28,620,000 after purchasing an additional 84,789 shares in the last quarter. Finally, Clarkston Capital Partners LLC boosted its position in Artisan Partners Asset Management by 7.8% during the third quarter. Clarkston Capital Partners LLC now owns 2,397,233 shares of the asset manager’s stock valued at $64,557,000 after purchasing an additional 174,115 shares in the last quarter. Institutional investors own 82.53% of the company’s stock.

Insider Buying and Selling at Artisan Partners Asset Management

In other Artisan Partners Asset Management news, EVP Samuel Bentson Sellers sold 9,790 shares of the business’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $36.11, for a total value of $353,516.90. Following the completion of the transaction, the executive vice president now directly owns 15,568 shares of the company’s stock, valued at $562,160.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 19.52% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Keefe, Bruyette & Woods increased their price target on Artisan Partners Asset Management from $35.00 to $37.00 and gave the company a “market perform” rating in a research note on Thursday, February 2nd. StockNews.com assumed coverage on Artisan Partners Asset Management in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Royal Bank of Canada increased their price target on Artisan Partners Asset Management from $35.00 to $39.00 and gave the company an “outperform” rating in a research note on Tuesday, January 31st. The Goldman Sachs Group cut Artisan Partners Asset Management from a “neutral” rating to a “sell” rating and decreased their price target for the company from $33.00 to $27.00 in a research note on Monday, March 6th. Finally, Credit Suisse Group increased their price target on Artisan Partners Asset Management from $29.50 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, February 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $33.60.

Artisan Partners Asset Management Trading Down 3.4 %

Shares of NYSE:APAM opened at $33.40 on Wednesday. Artisan Partners Asset Management Inc. has a 52-week low of $25.67 and a 52-week high of $40.68. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 11.40 and a beta of 1.82. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.71. The business has a 50-day moving average price of $32.54 and a 200-day moving average price of $32.78.

Artisan Partners Asset Management (NYSE:APAM – Get Rating) last announced its quarterly earnings data on Wednesday, February 1st. The asset manager reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.03. The firm had revenue of $226.00 million during the quarter, compared to analysts’ expectations of $222.60 million. Artisan Partners Asset Management had a return on equity of 96.97% and a net margin of 20.82%. The company’s revenue for the quarter was down 28.3% compared to the same quarter last year. During the same period last year, the business posted $1.29 earnings per share. Equities analysts predict that Artisan Partners Asset Management Inc. will post 2.66 EPS for the current year.

Artisan Partners Asset Management Profile

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Artisan Partners Asset Management, Inc operates as an investment management company, which provides investment strategies to clients globally. It offers investment management services to institutions and through intermediaries that operate with institutional-like decision-making processes and have longer-term investment horizons, by means of separate accounts and mutual funds.

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Institutional Ownership by Quarter for Artisan Partners Asset Management (NYSE:APAM)

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