Teacher Retirement System of Texas Decreases Position in Artisan Partners Asset Management Inc. $APAM

Teacher Retirement System of Texas decreased its stake in Artisan Partners Asset Management Inc. (NYSE:APAM) by 4.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,415 shares of the asset manager’s stock after selling 1,221 shares during the period. Teacher Retirement System of Texas’ holdings in Artisan Partners Asset Management were worth $1,215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of APAM. Allspring Global Investments Holdings LLC boosted its position in shares of Artisan Partners Asset Management by 20.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 14,457 shares of the asset manager’s stock worth $565,000 after buying an additional 2,481 shares during the period. Principal Financial Group Inc. boosted its holdings in Artisan Partners Asset Management by 2.3% in the first quarter. Principal Financial Group Inc. now owns 349,308 shares of the asset manager’s stock valued at $13,658,000 after purchasing an additional 7,972 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in Artisan Partners Asset Management by 9.0% in the first quarter. OneDigital Investment Advisors LLC now owns 12,738 shares of the asset manager’s stock valued at $498,000 after purchasing an additional 1,047 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Artisan Partners Asset Management by 1.4% in the first quarter. Bank of New York Mellon Corp now owns 448,003 shares of the asset manager’s stock valued at $17,517,000 after purchasing an additional 6,393 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC boosted its holdings in Artisan Partners Asset Management by 11.8% in the first quarter. MeadowBrook Investment Advisors LLC now owns 8,254 shares of the asset manager’s stock valued at $323,000 after purchasing an additional 869 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Up 2.1%

Shares of Artisan Partners Asset Management stock opened at $44.58 on Thursday. The company has a current ratio of 1.02, a quick ratio of 0.97 and a debt-to-equity ratio of 0.43. The business’s 50 day simple moving average is $44.58 and its 200-day simple moving average is $43.82. The stock has a market capitalization of $3.60 billion, a price-to-earnings ratio of 12.18 and a beta of 1.74. Artisan Partners Asset Management Inc. has a twelve month low of $32.75 and a twelve month high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Tuesday, October 28th. The asset manager reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. The business had revenue of $301.30 million for the quarter, compared to analysts’ expectations of $300.90 million. Artisan Partners Asset Management had a return on equity of 72.15% and a net margin of 22.90%.The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. Equities research analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Friday, November 14th. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.73. Artisan Partners Asset Management’s payout ratio is currently 79.78%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on APAM. Royal Bank Of Canada increased their price target on Artisan Partners Asset Management from $50.00 to $51.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Weiss Ratings reissued a “buy (b-)” rating on shares of Artisan Partners Asset Management in a report on Tuesday, October 14th. Evercore ISI increased their price target on Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. Zacks Research raised Artisan Partners Asset Management from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 30th. Finally, TD Cowen reduced their target price on Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating on the stock in a report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $44.25.

About Artisan Partners Asset Management

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.