StockNews.com Upgrades Artisan Partners Asset Management (NYSE:APAM) to Buy

Artisan Partners Asset Management (NYSE:APAM) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

A number of other research analysts also recently commented on APAM. TD Cowen increased their price target on Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Evercore ISI increased their price target on 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. Finally, Royal Bank of Canada reduced their price target on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating for the company in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Artisan Partners Asset Management presently has a consensus rating of “Hold” and a consensus target price of $44.38.

Artisan Partners Asset Management Price Performance

APAM stock opened at $42.18 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56. Artisan Partners Asset Management has a 1 year low of $37.89 and a 1 year high of $49.54. The firm has a market cap of $3.39 billion, a P/E ratio of 11.59 and a beta of 1.81. The stock has a 50-day simple moving average of $43.36 and a 200-day simple moving average of $43.95.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.08. Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%. On average, equities analysts predict that Artisan Partners Asset Management will post 3.6 earnings per share for the current fiscal year.

Institutional Trading of Artisan Partners Asset Management

Hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. increased its position in Artisan Partners Asset Management by 208.6% in the 4th quarter. Bessemer Group Inc. now owns 574 shares of the asset manager’s stock valued at $25,000 after acquiring an additional 388 shares during the period. Larson Financial Group LLC increased its position in Artisan Partners Asset Management by 82.7% in the 4th quarter. Larson Financial Group LLC now owns 581 shares of the asset manager’s stock valued at $25,000 after acquiring an additional 263 shares during the period. EverSource Wealth Advisors LLC increased its position in Artisan Partners Asset Management by 110.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 330 shares during the period. Smartleaf Asset Management LLC increased its position in Artisan Partners Asset Management by 166.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager’s stock valued at $44,000 after acquiring an additional 642 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in Artisan Partners Asset Management in the 4th quarter valued at approximately $57,000. 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.