Artisan Partners Asset Management Inc. (NYSE:APAM) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.

According to Zacks, “Artisan Partners Asset Management Inc. is an independent investment management firm that provides a broad range of U.S., non-U.S. and global equity investment strategies. The Company’s manages investments primarily through mutual funds and separate accounts. Its clients include pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. pooled investment vehicles. Artisan Partners Asset Management Inc. is based in Milwaukee, WI United States. “

APAM has been the subject of several other research reports. TheStreet upgraded Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a report on Monday, July 17th. Jefferies Group LLC restated a “hold” rating and set a $32.00 price objective on shares of Artisan Partners Asset Management in a report on Friday, July 14th. Royal Bank Of Canada set a $36.00 price objective on Artisan Partners Asset Management and gave the company a “buy” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods upgraded Artisan Partners Asset Management from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $30.00 to $33.00 in a report on Monday, May 1st. Finally, ValuEngine downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $29.94.

Shares of Artisan Partners Asset Management (NYSE APAM) traded down 0.17% during trading on Friday, reaching $30.10. 410,714 shares of the company were exchanged. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 17.76 and a beta of 1.75. Artisan Partners Asset Management has a one year low of $24.48 and a one year high of $33.85. The company has a 50 day moving average price of $31.44 and a 200-day moving average price of $29.29.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Monday, July 31st. The asset manager reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by $0.01. The firm had revenue of $196.20 million for the quarter, compared to the consensus estimate of $194.25 million. Artisan Partners Asset Management had a net margin of 11.37% and a return on equity of 78.75%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 EPS. Equities analysts predict that Artisan Partners Asset Management will post $2.34 EPS for the current year.

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A number of large investors have recently made changes to their positions in APAM. Cambridge Investment Research Advisors Inc. increased its stake in shares of Artisan Partners Asset Management by 0.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 8,106 shares of the asset manager’s stock valued at $224,000 after buying an additional 47 shares during the period. Alliancebernstein L.P. increased its stake in shares of Artisan Partners Asset Management by 0.3% in the first quarter. Alliancebernstein L.P. now owns 19,918 shares of the asset manager’s stock valued at $550,000 after buying an additional 50 shares during the period. Bbva Compass Bancshares Inc. increased its stake in shares of Artisan Partners Asset Management by 0.5% in the second quarter. Bbva Compass Bancshares Inc. now owns 18,167 shares of the asset manager’s stock valued at $558,000 after buying an additional 93 shares during the period. Tdam USA Inc. increased its stake in shares of Artisan Partners Asset Management by 0.5% in the first quarter. Tdam USA Inc. now owns 22,102 shares of the asset manager’s stock valued at $610,000 after buying an additional 112 shares during the period. Finally, Quantbot Technologies LP increased its stake in shares of Artisan Partners Asset Management by 3.5% in the second quarter. Quantbot Technologies LP now owns 3,591 shares of the asset manager’s stock valued at $110,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 96.22% of the company’s stock.

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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