Zacks Research Upgrades Artisan Partners Asset Management (NYSE:APAM) to “Hold”

Artisan Partners Asset Management (NYSE:APAM) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also recently commented on APAM. Evercore set a $37.00 price target on shares of Artisan Partners Asset Management in a research report on Friday, April 10th. Royal Bank Of Canada dropped their price target on shares of Artisan Partners Asset Management from $48.00 to $43.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. The Goldman Sachs Group dropped their price target on shares of Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating on the stock in a research report on Tuesday, April 7th. Wall Street Zen cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Weiss Ratings cut shares of Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, March 20th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Artisan Partners Asset Management presently has an average rating of “Hold” and an average target price of $39.25.

Artisan Partners Asset Management Price Performance

Shares of Artisan Partners Asset Management stock opened at $37.09 on Wednesday. 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’s 50-day moving average price is $36.79 and its two-hundred day moving average price is $40.39. Artisan Partners Asset Management has a 52 week low of $34.99 and a 52 week high of $48.50. The stock has a market cap of $2.99 billion, a PE ratio of 9.39 and a beta of 1.68.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.87 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.04). Artisan Partners Asset Management had a return on equity of 72.99% and a net margin of 23.49%.The business had revenue of $303.01 million during the quarter, compared to the consensus estimate of $304.01 million. During the same quarter last year, the firm posted $0.83 earnings per share. Artisan Partners Asset Management’s revenue was up 9.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Artisan Partners Asset Management will post 3.93 EPS for the current fiscal year.

Institutional Trading of Artisan Partners Asset Management

A number of hedge funds have recently bought and sold shares of APAM. Vaughan Nelson Investment Management L.P. lifted its stake in Artisan Partners Asset Management by 12.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,587,946 shares of the asset manager’s stock valued at $94,175,000 after buying an additional 289,105 shares in the last quarter. Federated Hermes Inc. lifted its stake in Artisan Partners Asset Management by 132.1% during the third quarter. Federated Hermes Inc. now owns 469,370 shares of the asset manager’s stock valued at $20,371,000 after buying an additional 267,136 shares in the last quarter. Channing Capital Management LLC lifted its stake in Artisan Partners Asset Management by 14.6% during the fourth quarter. Channing Capital Management LLC now owns 1,967,732 shares of the asset manager’s stock valued at $80,165,000 after buying an additional 250,475 shares in the last quarter. Qube Research & Technologies Ltd lifted its stake 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 valued at $15,130,000 after buying an additional 233,523 shares in the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in Artisan Partners Asset Management by 71.1% during the fourth 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 in the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Company Profile

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.