Artisan Partners Asset Management (NYSE:APAM) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday.

Several other equities analysts have also issued reports on the company. BidaskClub raised Artisan Partners Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Zacks Investment Research lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Jefferies Group reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a research report on Friday, August 18th. Sidoti raised Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a research report on Friday, August 4th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada set a $36.00 price target on Artisan Partners Asset Management and gave the stock a “buy” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $31.93.

Shares of Artisan Partners Asset Management (APAM) traded up $0.30 during trading on Friday, reaching $39.80. The company’s stock had a trading volume of 411,968 shares, compared to its average volume of 371,073. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $3,007.61, a price-to-earnings ratio of 19.70, a P/E/G ratio of 1.70 and a beta of 1.83. Artisan Partners Asset Management has a fifty-two week low of $26.30 and a fifty-two week high of $39.90.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. The business had revenue of $204.60 million during the quarter, compared to analyst estimates of $204.53 million. Artisan Partners Asset Management had a return on equity of 95.09% and a net margin of 12.58%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 earnings per share. equities analysts expect that Artisan Partners Asset Management will post 2.42 EPS for the current year.

A number of large investors have recently modified their holdings of APAM. Alliancebernstein L.P. raised its position in Artisan Partners Asset Management by 0.3% in the 1st quarter. Alliancebernstein L.P. now owns 19,918 shares of the asset manager’s stock worth $550,000 after buying an additional 50 shares during the last quarter. Teachers Advisors LLC raised its position in Artisan Partners Asset Management by 4.2% in the 1st quarter. Teachers Advisors LLC now owns 42,937 shares of the asset manager’s stock worth $1,185,000 after buying an additional 1,725 shares during the last quarter. California Public Employees Retirement System raised its position in Artisan Partners Asset Management by 0.8% in the 1st quarter. California Public Employees Retirement System now owns 40,000 shares of the asset manager’s stock worth $1,104,000 after buying an additional 300 shares during the last quarter. Legal & General Group Plc raised its position in Artisan Partners Asset Management by 221.4% in the 1st quarter. Legal & General Group Plc now owns 15,695 shares of the asset manager’s stock worth $434,000 after buying an additional 10,811 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Artisan Partners Asset Management by 25.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 870,112 shares of the asset manager’s stock worth $24,015,000 after buying an additional 179,032 shares during the last quarter. 63.54% of the stock is owned by institutional investors and hedge funds.

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

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