Artisan Partners Asset Management Inc. (NYSE:APAM) Given Consensus Rating of “Hold” by Analysts
Artisan Partners Asset Management Inc. (NYSE:APAM) has earned an average recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $29.56.
A number of equities research analysts have issued reports on APAM shares. TheStreet raised shares of Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research note on Monday, July 17th. Jefferies Group LLC reiterated a “hold” rating and issued a $32.00 target price on shares of Artisan Partners Asset Management in a 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 target price on the stock in a 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 lifted their target price for the stock from $30.00 to $33.00 in a report on Monday, May 1st. Finally, ValuEngine downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.
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Several institutional investors have recently modified their holdings of APAM. Segantii Capital Management Ltd acquired a new position in Artisan Partners Asset Management during the first quarter worth approximately $135,000. Tower Research Capital LLC TRC purchased a new stake in shares of Artisan Partners Asset Management during the first quarter worth about $151,000. Utah Retirement Systems increased its stake 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. KCG Holdings Inc. purchased a new stake in shares of Artisan Partners Asset Management during the first quarter worth about $213,000. Finally, First Mercantile Trust Co. increased its stake 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. 98.16% of the stock is currently owned by institutional investors.
Shares of Artisan Partners Asset Management (APAM) traded down 0.31% during midday trading on Monday, hitting $32.45. The stock had a trading volume of 136,334 shares. Artisan Partners Asset Management has a one year low of $24.48 and a one year high of $33.15. The company has a market cap of $1.60 billion, a P/E ratio of 20.41 and a beta of 1.73. The firm has a 50 day moving average of $30.36 and a 200-day moving average of $28.97.
Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Thursday, April 27th. The asset manager reported $0.52 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $184.10 million during the quarter, compared to analyst estimates of $182.36 million. During the same quarter last year, the business posted $0.51 EPS. The company’s revenue was up 5.5% on a year-over-year basis. On average, analysts forecast that Artisan Partners Asset Management will post $2.33 earnings per share for the current fiscal year.
About Artisan Partners Asset Management
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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