GAMMA Investing LLC Has $23.88 Million Stock Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

GAMMA Investing LLC lifted its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 4,032.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 61,074 shares of the asset manager's stock after purchasing an additional 59,596 shares during the period. GAMMA Investing LLC owned 0.08% of Artisan Partners Asset Management worth $23,880,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of APAM. Dogwood Wealth Management LLC raised its holdings in Artisan Partners Asset Management by 8.4% during the fourth quarter. Dogwood Wealth Management LLC now owns 12,792 shares of the asset manager's stock valued at $551,000 after buying an additional 993 shares in the last quarter. Mackenzie Financial Corp acquired a new position in shares of Artisan Partners Asset Management during the 4th quarter valued at about $1,852,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Artisan Partners Asset Management by 7.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 224,254 shares of the asset manager's stock valued at $9,654,000 after acquiring an additional 15,266 shares in the last quarter. Voloridge Investment Management LLC raised its stake in shares of Artisan Partners Asset Management by 24.1% in the 4th quarter. Voloridge Investment Management LLC now owns 169,607 shares of the asset manager's stock valued at $7,302,000 after acquiring an additional 32,953 shares in the last quarter. Finally, WBI Investments LLC acquired a new stake in Artisan Partners Asset Management in the 4th quarter worth approximately $368,000. Institutional investors and hedge funds own 86.45% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on APAM shares. Cowen reiterated a "hold" rating on shares of Artisan Partners Asset Management in a report on Wednesday, May 14th. TD Securities upped their price objective on shares of Artisan Partners Asset Management from $35.00 to $39.00 and gave the stock a "hold" rating in a report on Thursday, May 1st. Wall Street Zen upgraded shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. Royal Bank of Canada lifted their target price on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Finally, Evercore ISI decreased their price target on shares of Artisan Partners Asset Management from $33.00 to $32.00 and set an "in-line" rating for the company in a report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Artisan Partners Asset Management has an average rating of "Hold" and a consensus price target of $37.90.

Insider Activity at Artisan Partners Asset Management

In other Artisan Partners Asset Management news, EVP Samuel Bentson Sellers sold 6,801 shares of Artisan Partners Asset Management stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $44.24, for a total transaction of $300,876.24. Following the sale, the executive vice president now owns 40,529 shares in the company, valued at $1,793,002.96. The trade was a 14.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Charles J. Daley, Jr. sold 15,448 shares of the business's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $40.45, for a total transaction of $624,871.60. Following the completion of the sale, the chief financial officer now directly owns 91,363 shares in the company, valued at $3,695,633.35. This trade represents a 14.46% decrease in their position. The disclosure for this sale can be found here. 12.53% of the stock is owned by corporate insiders.

Artisan Partners Asset Management Stock Performance

Shares of APAM traded up $0.42 during mid-day trading on Friday, hitting $40.69. The company's stock had a trading volume of 290,413 shares, compared to its average volume of 496,527. The stock's 50-day moving average is $38.80 and its two-hundred day moving average is $41.94. The firm has a market capitalization of $3.27 billion, a PE ratio of 11.18 and a beta of 1.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56. Artisan Partners Asset Management Inc. has a one year low of $32.75 and a one year high of $49.54.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its earnings results on Tuesday, April 29th. The asset manager reported $0.83 EPS for the quarter, beating the consensus estimate of $0.76 by $0.07. The firm had revenue of $277.10 million during the quarter, compared to analysts' expectations of $281.15 million. Artisan Partners Asset Management had a net margin of 23.36% and a return on equity of 74.02%. The business's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 EPS. As a group, sell-side analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Artisan Partners Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 6.69%. The ex-dividend date was Friday, May 16th. Artisan Partners Asset Management's payout ratio is presently 75.14%.

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.