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

Teacher Retirement System of Texas raised its holdings in Artisan Partners Asset Management Inc. (NYSE:APAM) by 389.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 134,139 shares of the asset manager’s stock after purchasing an additional 106,724 shares during the quarter. Teacher Retirement System of Texas’ holdings in Artisan Partners Asset Management were worth $5,822,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Carolina Wealth Advisors LLC acquired a new stake in shares of Artisan Partners Asset Management in the third quarter valued at $55,000. Farther Finance Advisors LLC grew its holdings in Artisan Partners Asset Management by 24.1% during 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 last quarter. Atlantic Union Bankshares Corp acquired a new stake in Artisan Partners Asset Management in the 2nd quarter valued at about $57,000. Smartleaf Asset Management LLC raised its stake in shares of Artisan Partners Asset Management by 31.4% in the second quarter. Smartleaf Asset Management LLC now owns 1,465 shares of the asset manager’s stock worth $65,000 after acquiring an additional 350 shares during the last quarter. Finally, WealthCollab LLC raised its stake in shares of Artisan Partners Asset Management by 17.0% in the second quarter. WealthCollab LLC now owns 1,700 shares of the asset manager’s stock worth $75,000 after acquiring an additional 247 shares during the last quarter. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Price Performance

Shares of APAM stock opened at $43.60 on Tuesday. The firm’s 50 day moving average price is $42.16 and its two-hundred day moving average price is $44.10. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.02 and a current ratio of 1.02. Artisan Partners Asset Management Inc. has a 52-week low of $32.75 and a 52-week high of $48.50. 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 posted its quarterly earnings results on Tuesday, October 28th. The asset manager reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. Artisan Partners Asset Management had a return on equity of 72.15% and a net margin of 22.90%.The company had revenue of $301.29 million for the quarter, compared to the consensus estimate of $300.90 million. During the same quarter in the prior year, the business posted $0.92 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, analysts forecast that Artisan Partners Asset Management Inc. will post 3.6 EPS for the current year.

Analyst Ratings Changes

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

Artisan Partners Asset Management Company Profile

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.