Artisan Partners Asset Management (NYSE:APAM) Rating Increased to Buy at StockNews.com

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

Separately, Royal Bank of Canada cut their price objective on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $44.38.

Artisan Partners Asset Management Stock Performance

Artisan Partners Asset Management stock opened at $40.43 on Tuesday. The firm’s fifty day moving average price is $42.80 and its 200-day moving average price is $43.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56. The stock has a market cap of $3.25 billion, a P/E ratio of 11.11 and a beta of 1.83. Artisan Partners Asset Management has a fifty-two week low of $37.89 and a fifty-two week high of $49.54.

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

Institutional Investors Weigh In On Artisan Partners Asset Management

Institutional investors have recently made changes to their positions in the company. Atria Investments Inc lifted its holdings in Artisan Partners Asset Management by 6.0% during the 3rd quarter. Atria Investments Inc now owns 17,993 shares of the asset manager’s stock valued at $779,000 after buying an additional 1,023 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in Artisan Partners Asset Management by 71.3% during the 3rd quarter. GSA Capital Partners LLP now owns 11,378 shares of the asset manager’s stock valued at $493,000 after buying an additional 4,736 shares in the last quarter. KBC Group NV lifted its holdings in Artisan Partners Asset Management by 22.9% during the 3rd quarter. KBC Group NV now owns 2,218 shares of the asset manager’s stock valued at $96,000 after buying an additional 413 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Artisan Partners Asset Management by 12.3% during the 3rd quarter. Natixis Advisors LLC now owns 308,372 shares of the asset manager’s stock valued at $13,358,000 after buying an additional 33,719 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in Artisan Partners Asset Management by 0.7% during the 3rd quarter. Swiss National Bank now owns 136,600 shares of the asset manager’s stock valued at $5,918,000 after buying an additional 900 shares in the last quarter. Institutional investors own 86.45% of the company’s stock.

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.