Artisan Partners Asset Management (NYSE:APAM) Announces Quarterly Earnings Results

Artisan Partners Asset Management (NYSE:APAM) posted its earnings results on Tuesday. The asset manager reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.03, FiscalAI reports. The company had revenue of $307.90 million for the quarter, compared to analyst estimates of $301.32 million. Artisan Partners Asset Management had a net margin of 23.49% and a return on equity of 72.99%.

Artisan Partners Asset Management Stock Up 1.4%

Shares of Artisan Partners Asset Management stock traded up $0.57 during trading on Tuesday, reaching $40.86. The stock had a trading volume of 1,147,851 shares, compared to its average volume of 755,158. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 10.34 and a beta of 1.68. The stock has a fifty day moving average price of $36.74 and a two-hundred day moving average price of $38.61. Artisan Partners Asset Management has a 52 week low of $33.96 and a 52 week high of $48.46.

Analyst Upgrades and Downgrades

APAM has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their price objective on shares of Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating for the company in a research report on Tuesday, April 7th. Evercore set a $36.00 price target on Artisan Partners Asset Management in a report on Friday, July 10th. Royal Bank Of Canada raised their price target on Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Thursday, April 9th. Finally, Zacks Research cut Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Artisan Partners Asset Management presently has an average rating of “Reduce” and a consensus price target of $39.25.

Institutional Investors Weigh In On Artisan Partners Asset Management

Institutional investors have recently bought and sold shares of the company. Channing Capital Management LLC boosted its position in Artisan Partners Asset Management by 14.6% during the 4th quarter. Channing Capital Management LLC now owns 1,967,732 shares of the asset manager’s stock worth $80,165,000 after acquiring an additional 250,475 shares during the last quarter. Qube Research & Technologies Ltd boosted its holdings in Artisan Partners Asset Management by 202.9% during the third quarter. Qube Research & Technologies Ltd now owns 348,615 shares of the asset manager’s stock worth $15,130,000 after purchasing an additional 233,523 shares during the last quarter. Public Sector Pension Investment Board increased its stake in Artisan Partners Asset Management by 71.1% in the 4th quarter. Public Sector Pension Investment Board now owns 535,298 shares of the asset manager’s stock valued at $21,808,000 after buying an additional 222,532 shares during the last quarter. Federated Hermes Inc. lifted its position in Artisan Partners Asset Management by 44.6% during the 4th quarter. Federated Hermes Inc. now owns 678,894 shares of the asset manager’s stock worth $27,658,000 after buying an additional 209,524 shares in the last quarter. Finally, Wasatch Advisors LP boosted its stake in shares of Artisan Partners Asset Management by 15.0% during the 3rd quarter. Wasatch Advisors LP now owns 1,573,381 shares of the asset manager’s stock worth $68,285,000 after buying an additional 205,380 shares during the last quarter. Institutional investors own 86.45% of the company’s stock.

About Artisan Partners Asset Management

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.