Artisan Partners Asset Management Inc (NYSE:APAM) has received an average rating of “Buy” from the nine research firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $35.70.

APAM has been the topic of a number of research reports. Royal Bank of Canada set a $41.00 price objective on shares of Artisan Partners Asset Management and gave the company a “buy” rating in a research note on Friday, December 15th. ValuEngine cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub lowered shares of Artisan Partners Asset Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 28th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $40.00 target price on shares of Artisan Partners Asset Management in a report on Friday, December 22nd. Finally, Zacks Investment Research upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Tuesday, October 10th.

Shares of Artisan Partners Asset Management (NYSE APAM) opened at $39.80 on Monday. The company has a market cap of $3,010.00, a PE ratio of 21.40, a P/E/G ratio of 0.94 and a beta of 1.82. Artisan Partners Asset Management has a 12 month low of $26.30 and a 12 month high of $40.65. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.27.

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

Several hedge funds have recently made changes to their positions in APAM. State Street Corp lifted its holdings in shares of Artisan Partners Asset Management by 63.7% during the 2nd quarter. State Street Corp now owns 1,037,204 shares of the asset manager’s stock worth $31,842,000 after acquiring an additional 403,737 shares during the period. Northern Trust Corp lifted its holdings in shares of Artisan Partners Asset Management by 93.6% during the 2nd quarter. Northern Trust Corp now owns 734,735 shares of the asset manager’s stock worth $22,556,000 after acquiring an additional 355,272 shares during the period. Teachers Advisors LLC lifted its holdings in shares of Artisan Partners Asset Management by 686.1% during the 2nd quarter. Teachers Advisors LLC now owns 337,536 shares of the asset manager’s stock worth $10,362,000 after acquiring an additional 294,599 shares during the period. Vanguard Group Inc. increased its position in Artisan Partners Asset Management by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,967,953 shares of the asset manager’s stock worth $121,816,000 after purchasing an additional 200,446 shares in the last quarter. Finally, Capital World Investors increased its position in Artisan Partners Asset Management by 34.3% during the 2nd quarter. Capital World Investors now owns 705,000 shares of the asset manager’s stock worth $21,644,000 after purchasing an additional 180,000 shares in the last quarter. Institutional investors and hedge funds own 63.47% of the company’s stock.

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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.

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

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