Artisan Partners Asset Management (NYSE:APAM) Given New $51.00 Price Target at Royal Bank of Canada

Artisan Partners Asset Management (NYSE:APAM) had its price target cut by Royal Bank of Canada from $53.00 to $51.00 in a research report sent to investors on Monday,Benzinga reports. They currently have an outperform rating on the asset manager’s stock.

Several other analysts have also issued reports on APAM. StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Evercore ISI boosted their price objective on Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Finally, TD Cowen raised their target price on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $44.38.

Artisan Partners Asset Management Trading Down 2.0 %

Shares of Artisan Partners Asset Management stock opened at $43.79 on Monday. Artisan Partners Asset Management has a 1-year low of $37.89 and a 1-year high of $49.54. The company’s fifty day simple moving average is $44.78 and its 200-day simple moving average is $43.64. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a market capitalization of $3.52 billion, a PE ratio of 12.20 and a beta of 1.81.

Hedge Funds Weigh In On Artisan Partners Asset Management

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vaughan Nelson Investment Management L.P. increased its position in Artisan Partners Asset Management by 6.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,533,396 shares of the asset manager’s stock worth $66,426,000 after purchasing an additional 99,005 shares during the last quarter. Quest Partners LLC boosted its holdings in shares of Artisan Partners Asset Management by 210.0% in the 3rd quarter. Quest Partners LLC now owns 59,735 shares of the asset manager’s stock worth $2,588,000 after purchasing an additional 40,468 shares during the period. Geode Capital Management LLC raised its holdings in Artisan Partners Asset Management by 4.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager’s stock valued at $76,920,000 after buying an additional 82,868 shares during the period. Tidal Investments LLC bought a new stake in Artisan Partners Asset Management in the third quarter worth $1,801,000. Finally, Raymond James & Associates boosted its stake in Artisan Partners Asset Management by 8.0% during the third quarter. Raymond James & Associates now owns 453,638 shares of the asset manager’s stock worth $19,652,000 after buying an additional 33,618 shares during the period. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.