Teacher Retirement System of Texas Has $5.82 Million Stake in Artisan Partners Asset Management Inc. $APAM

Teacher Retirement System of Texas grew its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 389.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 134,139 shares of the asset manager’s stock after buying an additional 106,724 shares during the period. Teacher Retirement System of Texas owned approximately 0.17% of Artisan Partners Asset Management worth $5,822,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in APAM. Carolina Wealth Advisors LLC bought a new position in Artisan Partners Asset Management during the third quarter valued at about $55,000. Atlantic Union Bankshares Corp bought a new stake in shares of Artisan Partners Asset Management in the 2nd quarter worth approximately $57,000. Farther Finance Advisors LLC lifted its position in shares of Artisan Partners Asset Management by 24.1% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager’s stock worth $57,000 after acquiring an additional 249 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Artisan Partners Asset Management by 31.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,465 shares of the asset manager’s stock worth $65,000 after purchasing an additional 350 shares in the last quarter. Finally, WealthCollab LLC increased its position in shares of Artisan Partners Asset Management by 17.0% during the second quarter. WealthCollab LLC now owns 1,700 shares of the asset manager’s stock valued at $75,000 after purchasing an additional 247 shares during the period. Institutional investors own 86.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on APAM shares. TD Cowen reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a research report on Wednesday, December 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research note on Monday, December 29th. Zacks Research downgraded shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Evercore ISI upped their target price on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Artisan Partners Asset Management currently has a consensus rating of “Hold” and a consensus target price of $44.25.

Artisan Partners Asset Management Stock Up 1.2%

Shares of NYSE APAM opened at $43.60 on Tuesday. Artisan Partners Asset Management Inc. has a 52-week low of $32.75 and a 52-week high of $48.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.02 and a current ratio of 1.02. The business has a fifty day moving average of $42.16 and a two-hundred day moving average of $44.10. The stock has a market cap of $3.52 billion, a PE ratio of 11.91 and a beta of 1.76.

Artisan Partners Asset Management (NYSE:APAM) last announced its earnings results on Tuesday, October 28th. The asset manager reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. Artisan Partners Asset Management had a net margin of 22.90% and a return on equity of 72.15%. The business had revenue of $301.29 million during the quarter, compared to analysts’ expectations of $300.90 million. During the same quarter last year, the company posted $0.92 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. As a group, equities research analysts expect that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current fiscal year.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.