Artisan Partners Asset Management Inc. (NYSE:APAM) was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating in a note issued to investors on Monday.

APAM has been the topic of several other research reports. Jefferies Group LLC reiterated a “hold” rating and set a $32.00 price target on shares of Artisan Partners Asset Management in a research report on Friday, July 14th. Zacks Investment Research upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Monday, June 5th. Keefe, Bruyette & Woods upgraded shares of Artisan Partners Asset Management from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $30.00 to $33.00 in a research report on Monday, May 1st. ValuEngine cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Artisan Partners Asset Management presently has an average rating of “Hold” and an average price target of $29.56.

Shares of Artisan Partners Asset Management (NYSE APAM) traded up 1.40% during mid-day trading on Monday, hitting $32.55. The company’s stock had a trading volume of 442,780 shares. Artisan Partners Asset Management has a 1-year low of $24.48 and a 1-year high of $32.65. The company has a 50-day moving average of $30.11 and a 200 day moving average of $28.92. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 20.47 and a beta of 1.73.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Thursday, April 27th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. Artisan Partners Asset Management had a net margin of 10.47% and a return on equity of 61.99%. The company had revenue of $184.10 million for the quarter, compared to analysts’ expectations of $182.36 million. During the same quarter in the previous year, the company earned $0.51 earnings per share. Artisan Partners Asset Management’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts expect that Artisan Partners Asset Management will post $2.33 EPS for the current year.

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A number of large investors have recently bought and sold shares of the company. Segantii Capital Management Ltd bought a new position in shares of Artisan Partners Asset Management during the first quarter worth about $135,000. Tower Research Capital LLC TRC bought a new position in shares of Artisan Partners Asset Management during the first quarter worth about $151,000. Utah Retirement Systems boosted its position in shares of Artisan Partners Asset Management by 10.4% in the first quarter. Utah Retirement Systems now owns 7,400 shares of the asset manager’s stock worth $205,000 after buying an additional 700 shares during the last quarter. First Mercantile Trust Co. boosted its position in shares of Artisan Partners Asset Management by 23.1% in the first quarter. First Mercantile Trust Co. now owns 7,723 shares of the asset manager’s stock worth $213,000 after buying an additional 1,451 shares during the last quarter. Finally, KCG Holdings Inc. bought a new position in shares of Artisan Partners Asset Management during the first quarter worth about $213,000. 98.20% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Artisan Partners Asset Management (NYSE:APAM)

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