Artisan Partners Asset Management Inc. (NYSE:APAM) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 6.6% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 164,039 shares of the asset manager's stock after acquiring an additional 10,120 shares during the period. Teacher Retirement System of Texas owned approximately 0.20% of Artisan Partners Asset Management worth $7,062,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in APAM. Intech Investment Management LLC grew its stake in shares of Artisan Partners Asset Management by 56.3% during the 4th quarter. Intech Investment Management LLC now owns 20,555 shares of the asset manager's stock valued at $885,000 after purchasing an additional 7,400 shares during the period. Cibc World Markets Corp purchased a new stake in shares of Artisan Partners Asset Management in the fourth quarter worth $254,000. Corient Private Wealth LLC bought a new stake in Artisan Partners Asset Management during the fourth quarter valued at about $212,000. Royce & Associates LP lifted its position in shares of Artisan Partners Asset Management by 0.4% in the fourth quarter. Royce & Associates LP now owns 1,035,725 shares of the asset manager's stock valued at $44,588,000 after acquiring an additional 4,212 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of Artisan Partners Asset Management by 10.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,547 shares of the asset manager's stock worth $368,000 after acquiring an additional 841 shares during the period. 86.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Artisan Partners Asset Management Trading Down 1.5 %

APAM traded down $0.61 during trading hours on Thursday, reaching $40.23. 497,301 shares of the company's stock traded hands, compared to its average volume of 422,204. The firm has a 50-day moving average price of $42.70 and a 200 day moving average price of $43.94. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $3.23 billion, a PE ratio of 11.05 and a beta of 1.83. Artisan Partners Asset Management Inc. has a 52-week low of $37.89 and a 52-week high of $49.54.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.08. Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%. As a group, sell-side analysts predict that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 4.97%. 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.