California State Teachers Retirement System decreased its stake in shares of Artisan Partners Asset Management Inc (NYSE:APAM) by 10.6% during the third quarter, Holdings Channel reports. The fund owned 71,448 shares of the asset manager’s stock after selling 8,469 shares during the period. California State Teachers Retirement System’s holdings in Artisan Partners Asset Management were worth $2,329,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN increased its holdings in shares of Artisan Partners Asset Management by 0.5% during the 3rd quarter. Wells Fargo & Company MN now owns 2,125,952 shares of the asset manager’s stock valued at $69,306,000 after acquiring an additional 9,754 shares during the last quarter. AHL Partners LLP increased its holdings in shares of Artisan Partners Asset Management by 102.3% during the 2nd quarter. AHL Partners LLP now owns 226,766 shares of the asset manager’s stock valued at $6,962,000 after acquiring an additional 114,696 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Artisan Partners Asset Management by 13.8% during the 2nd quarter. Royal Bank of Canada now owns 30,669 shares of the asset manager’s stock valued at $940,000 after acquiring an additional 3,718 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Artisan Partners Asset Management by 1,613.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,997 shares of the asset manager’s stock valued at $1,075,000 after acquiring an additional 32,954 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Artisan Partners Asset Management by 81.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 316,743 shares of the asset manager’s stock valued at $9,724,000 after acquiring an additional 142,370 shares during the last quarter. 63.47% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently commented on APAM shares. BidaskClub raised Artisan Partners Asset Management from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. ValuEngine lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $40.00 target price on shares of Artisan Partners Asset Management in a report on Friday, December 22nd. Royal Bank of Canada set a $41.00 target price on Artisan Partners Asset Management and gave the company a “buy” rating in a report on Friday, December 15th. Finally, Zacks Investment Research raised Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $34.92.

Shares of Artisan Partners Asset Management Inc (NYSE:APAM) opened at $39.80 on Monday. The stock has a market capitalization of $3,010.00, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 0.94 and a beta of 1.82. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.27. Artisan Partners Asset Management Inc has a fifty-two week low of $26.30 and a fifty-two week high of $40.65.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, October 31st. The asset manager reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.02. The firm had revenue of $204.60 million for the quarter, compared to analyst estimates of $204.53 million. Artisan Partners Asset Management had a return on equity of 95.09% and a net margin of 12.58%. The company’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 EPS. equities research analysts forecast that Artisan Partners Asset Management Inc will post 2.42 earnings per share for the current fiscal year.

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About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.

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Institutional Ownership by Quarter for Artisan Partners Asset Management (NYSE:APAM)

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