ValuEngine Lowers Artisan Partners Asset Management (APAM) to Hold
Artisan Partners Asset Management (NYSE:APAM) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Friday.
APAM has been the subject of several other research reports. BidaskClub raised Artisan Partners Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Zacks Investment Research upgraded Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Jefferies Group restated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Friday, August 18th. Royal Bank Of Canada set a $36.00 price target on Artisan Partners Asset Management and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, Sidoti upgraded 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 research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $31.93.
Artisan Partners Asset Management (NYSE APAM) traded up $0.30 during trading hours on Friday, reaching $39.80. The company had a trading volume of 411,968 shares, compared to its average volume of 453,498. The company has a market capitalization of $2,990.00, a price-to-earnings ratio of 19.26, a price-to-earnings-growth ratio of 1.67 and a beta of 1.77. Artisan Partners Asset Management has a 12 month low of $26.30 and a 12 month high of $39.90. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.27.
Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The company had revenue of $204.60 million during the quarter, compared to analyst estimates of $204.53 million. Artisan Partners Asset Management had a return on equity of 95.09% and a net margin of 12.58%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $0.56 earnings per share. equities analysts predict that Artisan Partners Asset Management will post 2.4 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP raised its position in Artisan Partners Asset Management by 3.5% during the second quarter. Quantbot Technologies LP now owns 3,591 shares of the asset manager’s stock valued at $110,000 after purchasing an additional 120 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in Artisan Partners Asset Management during the third quarter valued at about $127,000. Ameritas Investment Partners Inc. purchased a new stake in Artisan Partners Asset Management during the second quarter valued at about $120,000. Great West Life Assurance Co. Can raised its position in Artisan Partners Asset Management by 51.2% during the third quarter. Great West Life Assurance Co. Can now owns 5,413 shares of the asset manager’s stock valued at $176,000 after purchasing an additional 1,832 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Artisan Partners Asset Management in the third quarter worth about $192,000. Institutional investors and hedge funds own 63.54% of the company’s stock.
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Artisan Partners Asset Management Company Profile
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.
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