Bank of America set a $25.00 target price on Artisan Partners Asset Management (NYSE:APAM) in a research note issued to investors on Tuesday, TipRanks reports. The firm currently has a sell rating on the asset manager’s stock.

Several other analysts have also recently commented on the company. Citigroup cut Artisan Partners Asset Management from a neutral rating to a sell rating in a research report on Monday, January 14th. Zacks Investment Research upgraded Artisan Partners Asset Management from a sell rating to a hold rating in a research report on Wednesday, March 13th. Finally, ValuEngine upgraded Artisan Partners Asset Management from a strong sell rating to a sell rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $30.00.

APAM opened at $27.61 on Tuesday. Artisan Partners Asset Management has a 12 month low of $20.16 and a 12 month high of $35.50. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market capitalization of $2.06 billion, a P/E ratio of 9.10, a price-to-earnings-growth ratio of 1.58 and a beta of 1.74.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Monday, February 4th. The asset manager reported $0.61 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.01). Artisan Partners Asset Management had a net margin of 19.10% and a return on equity of 184.56%. The business had revenue of $191.50 million during the quarter, compared to analyst estimates of $193.12 million. During the same quarter in the prior year, the business earned $0.66 earnings per share. The firm’s revenue was down 9.1% compared to the same quarter last year. As a group, research analysts expect that Artisan Partners Asset Management will post 2.43 earnings per share for the current fiscal year.

In other news, insider Jason A. Gottlieb sold 10,000 shares of Artisan Partners Asset Management stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $26.18, for a total transaction of $261,800.00. Following the transaction, the insider now directly owns 101,710 shares in the company, valued at approximately $2,662,767.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 28.23% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of APAM. Clarkston Capital Partners LLC increased its position in shares of Artisan Partners Asset Management by 211.3% during the 4th quarter. Clarkston Capital Partners LLC now owns 2,046,620 shares of the asset manager’s stock valued at $45,251,000 after purchasing an additional 1,389,129 shares during the period. Norges Bank acquired a new position in shares of Artisan Partners Asset Management during the 4th quarter valued at $14,714,000. BlackRock Inc. increased its position in shares of Artisan Partners Asset Management by 9.0% during the 4th quarter. BlackRock Inc. now owns 3,680,976 shares of the asset manager’s stock valued at $81,386,000 after purchasing an additional 305,076 shares during the period. Raymond James & Associates boosted its stake in shares of Artisan Partners Asset Management by 142.4% during the 4th quarter. Raymond James & Associates now owns 495,516 shares of the asset manager’s stock worth $10,956,000 after acquiring an additional 291,086 shares in the last quarter. Finally, River & Mercantile Asset Management LLP bought a new stake in shares of Artisan Partners Asset Management during the 4th quarter worth $4,342,000. Institutional investors own 63.48% of the company’s stock.

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.

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