Artisan Partners Asset Management Inc. (NYSE:APAM) Given Average Recommendation of “Hold” by Analysts

Artisan Partners Asset Management Inc. (NYSE:APAM) has earned a consensus rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $44.25.

Several equities research analysts have issued reports on APAM shares. Evercore ISI boosted their price objective on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. Zacks Research downgraded shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a report on Wednesday, December 10th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research note on Monday, December 29th.

Hedge Funds Weigh In On Artisan Partners Asset Management

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jennison Associates LLC increased its stake in shares of Artisan Partners Asset Management by 63.6% during the fourth quarter. Jennison Associates LLC now owns 48,780 shares of the asset manager’s stock valued at $1,987,000 after buying an additional 18,959 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in Artisan Partners Asset Management by 10.4% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 52,237 shares of the asset manager’s stock worth $2,128,000 after acquiring an additional 4,906 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in Artisan Partners Asset Management by 13.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 10,131 shares of the asset manager’s stock worth $413,000 after acquiring an additional 1,206 shares in the last quarter. UBS Group AG increased its position in Artisan Partners Asset Management by 21.6% during the 4th quarter. UBS Group AG now owns 279,067 shares of the asset manager’s stock valued at $11,369,000 after purchasing an additional 49,635 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Artisan Partners Asset Management by 17.8% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 38,044 shares of the asset manager’s stock valued at $1,550,000 after purchasing an additional 5,748 shares in the last quarter. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Stock Up 2.6%

NYSE:APAM opened at $44.60 on Friday. Artisan Partners Asset Management has a twelve month low of $32.75 and a twelve month high of $48.50. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 12.19 and a beta of 1.76. The stock has a fifty day simple moving average of $42.40 and a 200-day simple moving average of $44.06. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.43.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Tuesday, October 28th. The asset manager reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. The firm had revenue of $301.29 million for the quarter, compared to analysts’ expectations of $300.90 million. Artisan Partners Asset Management had a net margin of 22.90% and a return on equity of 72.15%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. Analysts anticipate that Artisan Partners Asset Management will post 3.6 EPS for the current year.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.