Artisan Partners Asset Management (NYSE:APAM) was downgraded by investment analysts at Citigroup from a “neutral” rating to a “sell” rating in a research note issued to investors on Monday.

APAM has been the subject of several other reports. Royal Bank of Canada set a $34.00 price objective on shares of Artisan Partners Asset Management and gave the stock a “buy” rating in a research note on Thursday, November 1st. TheStreet lowered shares of Artisan Partners Asset Management from a “b-” rating to a “c+” rating in a research note on Friday, December 7th. Zacks Investment Research lowered shares of Artisan Partners Asset Management from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Finally, ValuEngine lowered shares of Artisan Partners Asset Management from a “sell” rating to a “strong sell” rating in a research note on Tuesday, October 2nd. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $32.80.

Shares of APAM stock traded down $0.23 on Monday, reaching $21.95. The company’s stock had a trading volume of 60,455 shares, compared to its average volume of 489,876. Artisan Partners Asset Management has a 1 year low of $20.16 and a 1 year high of $41.45. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market cap of $1.71 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 1.22 and a beta of 1.71.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, October 30th. The asset manager reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.03. Artisan Partners Asset Management had a net margin of 11.60% and a return on equity of 199.82%. The firm had revenue of $212.80 million during the quarter, compared to analyst estimates of $212.17 million. During the same period last year, the firm posted $0.65 earnings per share. Artisan Partners Asset Management’s revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities analysts predict that Artisan Partners Asset Management will post 3.01 EPS for the current year.

Large investors have recently added to or reduced their stakes in the company. We Are One Seven LLC bought a new stake in shares of Artisan Partners Asset Management in the third quarter valued at about $207,000. IFG Advisory LLC bought a new stake in shares of Artisan Partners Asset Management in the third quarter valued at about $207,000. Wesbanco Bank Inc. bought a new stake in shares of Artisan Partners Asset Management in the third quarter valued at about $209,000. Zeke Capital Advisors LLC bought a new stake in shares of Artisan Partners Asset Management in the third quarter valued at about $263,000. Finally, Cubist Systematic Strategies LLC raised its holdings in Artisan Partners Asset Management by 26.2% in the second quarter. Cubist Systematic Strategies LLC now owns 9,584 shares of the asset manager’s stock worth $289,000 after purchasing an additional 1,990 shares in the last quarter. Institutional investors and hedge funds own 62.63% of the company’s stock.

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.

See Also: How much can an individual set aside as a catch-up contribution?

Receive News & Ratings for Artisan Partners Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artisan Partners Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.