Texas Permanent School Fund Corp Has $2.12 Million Position in Artisan Partners Asset Management Inc. (NYSE:APAM)

Texas Permanent School Fund Corp decreased its holdings in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 14.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,344 shares of the asset manager’s stock after selling 8,694 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Artisan Partners Asset Management were worth $2,119,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quadrature Capital Ltd acquired a new stake in shares of Artisan Partners Asset Management during the 4th quarter worth about $925,000. UniSuper Management Pty Ltd acquired a new stake in Artisan Partners Asset Management during the first quarter worth approximately $734,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Artisan Partners Asset Management by 11.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 400,134 shares of the asset manager’s stock worth $18,314,000 after acquiring an additional 42,522 shares during the period. Wasatch Advisors LP grew its position in shares of Artisan Partners Asset Management by 25.2% in the fourth quarter. Wasatch Advisors LP now owns 1,581,267 shares of the asset manager’s stock valued at $69,860,000 after purchasing an additional 318,355 shares during the last quarter. Finally, FCF Advisors LLC bought a new position in shares of Artisan Partners Asset Management during the first quarter worth approximately $988,000. 86.45% of the stock is owned by institutional investors.

Artisan Partners Asset Management Trading Up 1.6 %

Shares of NYSE:APAM opened at $42.16 on Wednesday. The business’s 50 day simple moving average is $41.06 and its 200 day simple moving average is $42.46. Artisan Partners Asset Management Inc. has a 1 year low of $32.12 and a 1 year high of $46.75. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.71 and a quick ratio of 0.71. The company has a market capitalization of $3.39 billion, a P/E ratio of 12.96 and a beta of 1.79.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, July 23rd. The asset manager reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.05). The company had revenue of $270.80 million for the quarter, compared to analyst estimates of $274.70 million. Artisan Partners Asset Management had a return on equity of 71.76% and a net margin of 22.75%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the company posted $0.71 earnings per share. On average, research analysts anticipate that Artisan Partners Asset Management Inc. will post 3.36 EPS for the current fiscal year.

Artisan Partners Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Friday, August 16th were issued a $0.71 dividend. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. This represents a $2.84 annualized dividend and a yield of 6.74%. The ex-dividend date was Friday, August 16th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 86.59%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. TD Cowen boosted their price target on Artisan Partners Asset Management from $38.00 to $39.00 and gave the company a “hold” rating in a research note on Thursday, July 25th. StockNews.com cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 price target on shares of Artisan Partners Asset Management in a research report on Monday, July 29th.

Artisan Partners Asset Management Company 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.