Artisan Partners Asset Management (NYSE:APAM) had its price target hoisted by Bank of America from $35.00 to $39.00 in a research report report published on Friday, BenzingaRatingsTable reports. They currently have a buy rating on the asset manager’s stock.

Several other equities analysts have also weighed in on APAM. TheStreet upgraded shares of Artisan Partners Asset Management from a c+ rating to a b- rating in a report on Wednesday, May 20th. Citigroup upped their price objective on shares of Artisan Partners Asset Management from $24.50 to $37.00 and gave the stock a buy rating in a report on Thursday, April 30th. Keefe, Bruyette & Woods upgraded shares of Artisan Partners Asset Management from a market perform rating to an outperform rating and upped their price objective for the stock from $25.00 to $34.00 in a report on Thursday, April 30th. Zacks Investment Research upgraded shares of Artisan Partners Asset Management from a hold rating to a strong-buy rating and set a $35.00 price objective on the stock in a report on Monday, June 29th. Finally, ValuEngine lowered shares of Artisan Partners Asset Management from a sell rating to a strong sell rating in a report on Thursday, July 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $35.80.

NYSE:APAM opened at $32.62 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 0.62 and a quick ratio of 0.62. The firm has a market capitalization of $2.58 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 1.53 and a beta of 2.03. The company’s 50-day moving average is $31.40 and its two-hundred day moving average is $29.24. Artisan Partners Asset Management has a 1-year low of $17.69 and a 1-year high of $38.09.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, April 28th. The asset manager reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.01). The firm had revenue of $202.80 million during the quarter, compared to analyst estimates of $205.29 million. Artisan Partners Asset Management had a net margin of 19.61% and a return on equity of 181.49%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 earnings per share. As a group, equities analysts anticipate that Artisan Partners Asset Management will post 2.47 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. MERIAN GLOBAL INVESTORS UK Ltd lifted its holdings in Artisan Partners Asset Management by 297.9% during the 2nd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 211,506 shares of the asset manager’s stock worth $6,873,000 after buying an additional 158,346 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Artisan Partners Asset Management by 13.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 75,271 shares of the asset manager’s stock worth $2,446,000 after buying an additional 8,904 shares in the last quarter. Diversified Trust Co acquired a new stake in Artisan Partners Asset Management during the 2nd quarter worth approximately $299,000. State Street Corp lifted its holdings in Artisan Partners Asset Management by 3.5% during the 1st quarter. State Street Corp now owns 1,151,415 shares of the asset manager’s stock worth $24,744,000 after buying an additional 39,086 shares in the last quarter. Finally, State of Tennessee Treasury Department acquired a new stake in Artisan Partners Asset Management during the 1st quarter worth approximately $231,000. Institutional investors own 64.70% 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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