Artisan Partners Asset Management Inc. (NYSE:APAM) received a $36.00 target price from analysts at Royal Bank Of Canada in a research report issued on Wednesday. The firm currently has a “buy” rating on the asset manager’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 3.60% from the stock’s current price.

APAM has been the subject of several other research reports. TheStreet raised Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research report on Monday, July 17th. Zacks Investment Research raised Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Jefferies Group LLC reissued a “hold” rating and set a $32.00 price objective on shares of Artisan Partners Asset Management in a research report on Friday, July 14th. BidaskClub raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Finally, Sidoti raised Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a research report on Friday, August 4th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $30.56.

Artisan Partners Asset Management (NYSE:APAM) traded up 1.58% during mid-day trading on Wednesday, hitting $35.30. 147,248 shares of the stock traded hands. Artisan Partners Asset Management has a 1-year low of $24.48 and a 1-year high of $35.30. The firm has a market capitalization of $1.75 billion, a P/E ratio of 20.83 and a beta of 1.77. The company has a 50-day moving average of $31.77 and a 200 day moving average of $30.17.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Monday, July 31st. The asset manager reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). Artisan Partners Asset Management had a return on equity of 78.75% and a net margin of 11.37%. The business had revenue of $196.20 million during the quarter, compared to analysts’ expectations of $194.25 million. During the same period in the previous year, the business earned $0.53 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. On average, equities research analysts anticipate that Artisan Partners Asset Management will post $2.36 EPS for the current year.

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Large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its holdings in shares of Artisan Partners Asset Management by 2.6% during the first quarter. Public Employees Retirement System of Ohio now owns 71,820 shares of the asset manager’s stock valued at $1,982,000 after acquiring an additional 1,854 shares in the last quarter. Comerica Bank bought a new stake in Artisan Partners Asset Management in the 1st quarter worth about $308,000. Vanguard Group Inc. increased its holdings in Artisan Partners Asset Management by 21.7% in the 1st quarter. Vanguard Group Inc. now owns 3,767,507 shares of the asset manager’s stock worth $103,983,000 after buying an additional 671,858 shares in the last quarter. Bank of America Corp DE increased its holdings in Artisan Partners Asset Management by 1.7% in the 1st quarter. Bank of America Corp DE now owns 666,841 shares of the asset manager’s stock worth $18,404,000 after buying an additional 10,970 shares in the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in Artisan Partners Asset Management in the 2nd quarter worth about $1,537,000. Hedge funds and other institutional investors own 65.63% of the company’s stock.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.

Analyst Recommendations for Artisan Partners Asset Management (NYSE:APAM)

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