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

Several other research firms have also recently weighed in on APAM. Keefe, Bruyette & Woods cut shares of Artisan Partners Asset Management from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $32.00 to $33.00 in a research report on Wednesday, August 2nd. Royal Bank Of Canada set a $36.00 target price on shares of Artisan Partners Asset Management and gave the stock a “buy” rating in a report on Tuesday, August 1st. BidaskClub lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. TheStreet raised shares of Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a report on Monday, July 17th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $32.00 target price on shares of Artisan Partners Asset Management in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Artisan Partners Asset Management presently has a consensus rating of “Hold” and a consensus target price of $29.94.

Shares of Artisan Partners Asset Management (NYSE APAM) traded down 0.17% during trading on Friday, reaching $30.10. The company had a trading volume of 410,714 shares. The firm has a 50-day moving average of $31.44 and a 200-day moving average of $29.29. The company has a market cap of $1.50 billion, a P/E ratio of 17.76 and a beta of 1.75. Artisan Partners Asset Management has a 12-month low of $24.48 and a 12-month high of $33.85.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Monday, July 31st. The asset manager reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.59 by $0.01. Artisan Partners Asset Management had a return on equity of 78.75% and a net margin of 11.37%. The company had revenue of $196.20 million during the quarter, compared to the consensus estimate of $194.25 million. During the same quarter last year, the firm earned $0.53 EPS. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities research analysts anticipate that Artisan Partners Asset Management will post $2.34 EPS for the current year.

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A number of institutional investors have recently made changes to their positions in APAM. Quantbot Technologies LP raised its position 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 worth $110,000 after buying an additional 120 shares during the last quarter. Segantii Capital Management Ltd bought a new position in shares of Artisan Partners Asset Management during the first quarter worth $135,000. Tower Research Capital LLC TRC bought a new position in shares of Artisan Partners Asset Management during the first quarter worth $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 last quarter. Finally, Cigna Investments Inc. New bought a new position in shares of Artisan Partners Asset Management during the second quarter worth $227,000. 96.22% of the stock is owned by hedge funds and other institutional investors.

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

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