StockNews.com Downgrades Artisan Partners Asset Management (NYSE:APAM) to Hold

Artisan Partners Asset Management (NYSE:APAM) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Several other equities research analysts have also commented on APAM. Royal Bank of Canada lowered their price objective on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a research report on Monday, February 3rd. TD Cowen raised their price target on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Finally, Evercore ISI lifted their price objective on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Artisan Partners Asset Management has a consensus rating of “Hold” and a consensus target price of $44.38.

Artisan Partners Asset Management Trading Down 1.0 %

NYSE APAM opened at $44.51 on Thursday. Artisan Partners Asset Management has a 1 year low of $37.89 and a 1 year high of $49.54. 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 company has a market capitalization of $3.58 billion, a PE ratio of 12.40 and a beta of 1.81. The company has a fifty day moving average of $44.56 and a 200 day moving average of $43.67.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.08. Artisan Partners Asset Management had a return on equity of 71.50% and a net margin of 23.95%. Research analysts forecast that Artisan Partners Asset Management will post 3.47 earnings per share for the current year.

Hedge Funds Weigh In On Artisan Partners Asset Management

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. raised its position in shares of Artisan Partners Asset Management by 6.9% during the 3rd 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 raised its holdings in shares of Artisan Partners Asset Management by 210.0% during the third quarter. Quest Partners LLC now owns 59,735 shares of the asset manager’s stock valued at $2,588,000 after acquiring an additional 40,468 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Artisan Partners Asset Management by 4.9% in the third quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager’s stock valued at $76,920,000 after acquiring an additional 82,868 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Artisan Partners Asset Management in the third quarter valued at approximately $1,801,000. Finally, Raymond James & Associates increased its position in shares of 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 purchasing an additional 33,618 shares in the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

About Artisan Partners Asset Management

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.