New York State Teachers Retirement System Sells 300 Shares of Artisan Partners Asset Management Inc. (NYSE:APAM)

New York State Teachers Retirement System lessened its position in shares of Artisan Partners Asset Management Inc. (NYSE:APAM) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,834 shares of the asset manager’s stock after selling 300 shares during the period. New York State Teachers Retirement System’s holdings in Artisan Partners Asset Management were worth $1,629,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of APAM. R Squared Ltd bought a new stake in Artisan Partners Asset Management in the fourth quarter valued at $62,000. GAMMA Investing LLC grew its stake in shares of Artisan Partners Asset Management by 31.0% in the 4th quarter. GAMMA Investing LLC now owns 1,478 shares of the asset manager’s stock valued at $64,000 after buying an additional 350 shares during the period. MCF Advisors LLC increased its position in Artisan Partners Asset Management by 70.9% in the 4th quarter. MCF Advisors LLC now owns 1,538 shares of the asset manager’s stock valued at $66,000 after buying an additional 638 shares in the last quarter. KBC Group NV raised its stake in Artisan Partners Asset Management by 22.9% during the 3rd quarter. KBC Group NV now owns 2,218 shares of the asset manager’s stock worth $96,000 after buying an additional 413 shares during the period. Finally, Blue Trust Inc. boosted its holdings in Artisan Partners Asset Management by 52.7% in the third quarter. Blue Trust Inc. now owns 2,386 shares of the asset manager’s stock worth $98,000 after acquiring an additional 823 shares in the last quarter. Institutional investors own 86.45% of the company’s stock.

Analyst Upgrades and Downgrades

APAM has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Royal Bank of Canada cut their target price on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. TD Cowen increased their price target on Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Finally, Evercore ISI boosted their price objective on Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $44.38.

Artisan Partners Asset Management Trading Down 3.6 %

NYSE:APAM opened at $42.33 on Friday. Artisan Partners Asset Management Inc. has a 12 month low of $37.89 and a 12 month high of $49.54. The company has a current ratio of 0.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47. The firm’s 50 day moving average is $43.62 and its 200 day moving average is $43.84. The stock has a market capitalization of $3.40 billion, a PE ratio of 11.63 and a beta of 1.81.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.08. Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%. Sell-side analysts expect that Artisan Partners Asset Management Inc. will post 3.6 earnings per share for the current year.

Artisan Partners Asset Management Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.72%. The ex-dividend date is Friday, February 14th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 92.31%.

Artisan Partners Asset Management 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.