Tidal Investments LLC Makes New $1.80 Million Investment in Artisan Partners Asset Management Inc. (NYSE:APAM)

Tidal Investments LLC bought a new position 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 SEC. The fund bought 41,564 shares of the asset manager’s stock, valued at approximately $1,801,000.

A number of other hedge funds have also bought and sold shares of APAM. Matrix Trust Co bought a new stake in shares of Artisan Partners Asset Management during the 3rd quarter valued at about $30,000. Hexagon Capital Partners LLC grew its stake in shares of Artisan Partners Asset Management by 41.8% during the 3rd quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager’s stock valued at $43,000 after purchasing an additional 296 shares during the period. GAMMA Investing LLC grew its stake in shares of Artisan Partners Asset Management by 45.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,128 shares of the asset manager’s stock valued at $49,000 after purchasing an additional 353 shares during the period. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Artisan Partners Asset Management by 735.9% during 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 during the period. Finally, Quarry LP bought a new stake in shares of Artisan Partners Asset Management during the 2nd quarter valued at about $63,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Trading Down 3.4 %

Shares of NYSE:APAM opened at $45.79 on Wednesday. The stock has a 50 day moving average of $46.43 and a 200 day moving average of $43.18. The company has a market cap of $3.68 billion, a PE ratio of 12.75 and a beta of 1.79. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.49. Artisan Partners Asset Management Inc. has a 12-month low of $37.89 and a 12-month high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Tuesday, October 29th. The asset manager reported $0.92 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $279.60 million during the quarter, compared to the consensus estimate of $279.70 million. During the same period in the prior year, the company posted $0.75 EPS. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. As a group, equities 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 declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.82 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $3.28 annualized dividend and a yield of 7.16%. Artisan Partners Asset Management’s payout ratio is 91.36%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group cut their price target on 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. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. TD Cowen boosted their price objective on 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, 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 note on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $44.13.

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.