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MILWAUKEE—Gregory K. Ramirez, Executive Vice President at Artisan Partners Asset Management Inc. (NYSE:APAM), has sold 5,905 shares of the company’s Class A common stock. The shares were sold on March 7 at a weighted average price of $43.1576, totaling approximately $254,845. The transaction comes as InvestingPro analysis shows the company trading below its Fair Value, with a strong financial health score of "GREAT."
According to the SEC filing, the shares were sold in multiple transactions at prices ranging from $43.1501 to $43.1750. Following this transaction, Ramirez holds 104,836 shares directly. The stock currently trades at an attractive P/E ratio of 11.4x, with a market capitalization of $3.4 billion.
This recent transaction is part of the ongoing activities of company executives managing their equity holdings. Artisan Partners, headquartered in Milwaukee, is known for providing investment advice and managing a range of investment portfolios. The company maintains a notable 9% dividend yield and has consistently paid dividends for 13 consecutive years. InvestingPro subscribers can access 8 additional key insights about APAM’s financial performance and outlook.
In other recent news, Artisan Partners Asset Management Inc. reported its assets under management (AUM) as $166.8 billion at the end of November 2024. This total includes $80.5 billion from Artisan Funds and Artisan Global Funds, with the remaining $86.3 billion from separate accounts and other vehicles. The firm noted that approximately $314 million in annual income and capital gains distributions from certain Artisan Funds were not reinvested, impacting the monthly AUM figures. Additionally, the Growth Team manages over $40 billion, while the International Value Team oversees $45.25 billion, and the Global Value Team handles $29.43 billion. In leadership news, Artisan Partners announced that Jason Gottlieb will become the new CEO, succeeding Eric Colson, who will transition to the role of Executive Chair. This leadership change is set to occur after the annual stockholders meeting on June 4, 2025. Gottlieb, currently the President, joined Artisan in 2016 and has held various leadership roles. These developments are part of Artisan’s long-term succession planning to ensure continued growth and client service excellence.
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