Analysts Set Artisan Partners Asset Management Inc. (NYSE:APAM) PT at $39.25

Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) have earned a consensus recommendation of “Reduce” from the six research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $39.25.

A number of research analysts have recently commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Artisan Partners Asset Management in a report on Thursday, July 2nd. Royal Bank Of Canada lifted their price objective on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday. Zacks Research lowered shares of Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 22nd. TD Cowen reissued a “hold” rating on shares of Artisan Partners Asset Management in a research report on Thursday, April 9th. Finally, The Goldman Sachs Group dropped their target price on shares of Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating on the stock in a research note on Tuesday, April 7th.

Institutional Trading of Artisan Partners Asset Management

A number of large investors have recently modified their holdings of the company. UBS Group AG lifted its holdings in shares of Artisan Partners Asset Management by 21.6% in the 4th quarter. UBS Group AG now owns 279,067 shares of the asset manager’s stock worth $11,369,000 after buying an additional 49,635 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of Artisan Partners Asset Management during the first quarter valued at $1,135,000. Tudor Investment Corp ET AL purchased a new position in shares of Artisan Partners Asset Management during the third quarter valued at $3,653,000. Vestcor Inc increased its stake in shares of Artisan Partners Asset Management by 154.5% during the fourth quarter. Vestcor Inc now owns 45,733 shares of the asset manager’s stock valued at $1,863,000 after buying an additional 27,762 shares during the period. Finally, Navellier & Associates Inc. bought a new stake in shares of Artisan Partners Asset Management in the fourth quarter valued at about $3,490,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Price Performance

APAM opened at $40.20 on Friday. The business has a fifty day moving average of $36.74 and a 200 day moving average of $38.61. Artisan Partners Asset Management has a 52-week low of $33.96 and a 52-week high of $48.46. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.44. The stock has a market cap of $3.24 billion, a P/E ratio of 10.18 and a beta of 1.68.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, April 28th. The asset manager reported $0.87 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.04). Artisan Partners Asset Management had a return on equity of 72.99% and a net margin of 23.49%.The business had revenue of $303.01 million during the quarter, compared to analysts’ expectations of $304.01 million. During the same quarter in the previous year, the business earned $0.83 EPS. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Artisan Partners Asset Management will post 3.89 EPS for the current year.

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.