Teacher Retirement System of Texas Buys 10,120 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

Teacher Retirement System of Texas lifted its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 164,039 shares of the asset manager’s stock after purchasing an additional 10,120 shares during the period. Teacher Retirement System of Texas owned about 0.20% of Artisan Partners Asset Management worth $7,062,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in APAM. PNC Financial Services Group Inc. grew its holdings in Artisan Partners Asset Management by 4.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,838 shares of the asset manager’s stock worth $208,000 after acquiring an additional 226 shares in the last quarter. Larson Financial Group LLC grew its holdings in Artisan Partners Asset Management by 82.7% during the 4th quarter. Larson Financial Group LLC now owns 581 shares of the asset manager’s stock worth $25,000 after acquiring an additional 263 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Artisan Partners Asset Management by 110.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager’s stock worth $27,000 after acquiring an additional 330 shares in the last quarter. GAMMA Investing LLC grew its holdings in Artisan Partners Asset Management by 31.0% during the 4th quarter. GAMMA Investing LLC now owns 1,478 shares of the asset manager’s stock worth $64,000 after acquiring an additional 350 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in Artisan Partners Asset Management by 21.6% during the 4th quarter. Jones Financial Companies Lllp now owns 2,650 shares of the asset manager’s stock worth $114,000 after acquiring an additional 470 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on APAM. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, March 18th. Royal Bank of Canada dropped their target price on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $44.38.

Artisan Partners Asset Management Stock Down 0.4 %

NYSE:APAM opened at $40.24 on Monday. Artisan Partners Asset Management Inc. has a fifty-two week low of $37.89 and a fifty-two week high of $49.54. The stock has a market capitalization of $3.23 billion, a P/E ratio of 11.05 and a beta of 1.83. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56. The company’s 50-day simple moving average is $42.71 and its 200-day simple moving average is $43.94.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.08. Artisan Partners Asset Management had a net margin of 23.36% and a return on equity of 74.02%. On average, equities analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.97%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio is currently 92.31%.

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.