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

Teacher Retirement System of Texas decreased its stake in shares of Artisan Partners Asset Management Inc. (NYSE:APAM - Free Report) by 82.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,636 shares of the asset manager's stock after selling 135,403 shares during the quarter. Teacher Retirement System of Texas' holdings in Artisan Partners Asset Management were worth $1,120,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Bank of Montreal Can increased its holdings in Artisan Partners Asset Management by 40.2% during the 4th quarter. Bank of Montreal Can now owns 15,646 shares of the asset manager's stock worth $674,000 after purchasing an additional 4,485 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Artisan Partners Asset Management by 12.9% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 57,100 shares of the asset manager's stock worth $2,234,000 after acquiring an additional 6,508 shares in the last quarter. First Citizens Bank & Trust Co. acquired a new position in shares of Artisan Partners Asset Management during the 1st quarter worth about $275,000. Squarepoint Ops LLC boosted its position in shares of Artisan Partners Asset Management by 80.2% during the 4th quarter. Squarepoint Ops LLC now owns 19,397 shares of the asset manager's stock worth $835,000 after acquiring an additional 8,633 shares in the last quarter. Finally, Arete Wealth Advisors LLC acquired a new position in shares of Artisan Partners Asset Management during the 4th quarter worth about $312,000. Hedge funds and other institutional investors own 86.45% of the company's stock.

Insider Activity at Artisan Partners Asset Management

In other Artisan Partners Asset Management news, CFO Charles J. Daley, Jr. sold 15,448 shares of Artisan Partners Asset Management stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $40.45, for a total value of $624,871.60. Following the transaction, the chief financial officer directly owned 91,363 shares in the company, valued at approximately $3,695,633.35. This trade represents a 14.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Samuel Bentson Sellers sold 6,801 shares of Artisan Partners Asset Management stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $44.24, for a total value of $300,876.24. Following the completion of the transaction, the executive vice president owned 40,529 shares in the company, valued at $1,793,002.96. This trade represents a 14.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 12.53% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on APAM shares. Evercore ISI lowered their price objective on Artisan Partners Asset Management from $33.00 to $32.00 and set an "in-line" rating for the company in a research report on Thursday, May 1st. TD Cowen lowered their price objective on Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Royal Bank Of Canada upped their price objective on Artisan Partners Asset Management from $44.00 to $50.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. TD Securities upped their price objective on Artisan Partners Asset Management from $35.00 to $39.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. Finally, Cowen reissued a "hold" rating on shares of Artisan Partners Asset Management in a research report on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Artisan Partners Asset Management has an average rating of "Hold" and a consensus price target of $39.10.

Artisan Partners Asset Management Stock Performance

NYSE:APAM traded down $0.14 during mid-day trading on Tuesday, reaching $46.69. 34,090 shares of the stock were exchanged, compared to its average volume of 503,924. The company has a 50 day simple moving average of $42.80 and a 200-day simple moving average of $41.47. The stock has a market capitalization of $3.77 billion, a P/E ratio of 12.89 and a beta of 1.70. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.51. Artisan Partners Asset Management Inc. has a 1 year low of $32.75 and a 1 year high of $49.54.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The asset manager reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.07. Artisan Partners Asset Management had a return on equity of 73.48% and a net margin of 23.24%. The firm had revenue of $277.10 million for the quarter, compared to the consensus estimate of $281.15 million. During the same quarter last year, the business posted $0.76 EPS. The firm's quarterly revenue was up 4.8% compared to the same quarter last year. Analysts anticipate that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current fiscal year.

Artisan Partners Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a $0.68 dividend. The ex-dividend date was Friday, May 16th. This represents a $2.72 annualized dividend and a dividend yield of 5.83%. Artisan Partners Asset Management's dividend payout ratio (DPR) is currently 75.14%.

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.