Artisan Partners Asset Management Inc. (NYSE:APAM) was upgraded by Sidoti from a “neutral” rating to a “buy” rating in a note issued to investors on Friday, MarketBeat.com reports. The analysts noted that the move was a valuation call.

A number of other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Monday, June 5th. BidaskClub upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. ValuEngine upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Keefe, Bruyette & Woods upgraded shares of Artisan Partners Asset Management from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $30.00 to $33.00 in a research note on Monday, May 1st. Finally, Royal Bank Of Canada initiated coverage on shares of Artisan Partners Asset Management in a research note on Thursday, June 29th. They issued an “outperform” rating and a $34.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $29.94.

Shares of Artisan Partners Asset Management (NYSE:APAM) traded up 0.49% during mid-day trading on Friday, hitting $30.90. The stock had a trading volume of 743,383 shares. Artisan Partners Asset Management has a 12 month low of $24.48 and a 12 month high of $33.85. The stock’s 50-day moving average is $31.20 and its 200 day moving average is $29.18. The firm has a market cap of $1.54 billion, a PE ratio of 17.63 and a beta of 1.75.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Monday, July 31st. The asset manager reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by $0.01. The business had revenue of $196.20 million during the quarter, compared to analyst estimates 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 for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Equities research analysts predict that Artisan Partners Asset Management will post $2.34 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Segantii Capital Management Ltd purchased a new position in shares of Artisan Partners Asset Management during the first quarter worth about $135,000. Tower Research Capital LLC TRC purchased a new position in shares of Artisan Partners Asset Management during the first quarter worth about $151,000. Utah Retirement Systems raised 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 period. First Mercantile Trust Co. raised 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 period. Finally, KCG Holdings Inc. purchased a new position in shares of Artisan Partners Asset Management during the first quarter worth about $213,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

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.

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

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