Artisan Partners Asset Management (NYSE:APAM) Upgraded at StockNews.com

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

Several other research analysts have also recently weighed in on APAM. Royal Bank of Canada reaffirmed an “outperform” rating and set a $50.00 target price on shares of Artisan Partners Asset Management in a research note on Monday, July 29th. The Goldman Sachs Group decreased their target price on Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating for the company in a research note on Thursday, October 3rd. Finally, 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 research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Artisan Partners Asset Management presently has a consensus rating of “Hold” and a consensus target price of $44.17.

Artisan Partners Asset Management Price Performance

Shares of APAM opened at $44.48 on Tuesday. The firm has a market capitalization of $3.57 billion, a price-to-earnings ratio of 12.39 and a beta of 1.79. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.71 and a current ratio of 0.68. Artisan Partners Asset Management has a one year low of $34.94 and a one year high of $47.08. The stock’s fifty day moving average is $42.67 and its 200-day moving average is $42.26.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, October 29th. The asset manager reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The company had revenue of $279.60 million for the quarter, compared to analyst estimates of $279.70 million. Artisan Partners Asset Management had a return on equity of 71.51% and a net margin of 23.95%. The company’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. Equities analysts anticipate that Artisan Partners Asset Management will post 3.49 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in APAM. Matrix Trust Co acquired a new stake in Artisan Partners Asset Management in the 3rd quarter valued at approximately $30,000. GAMMA Investing LLC grew its holdings in Artisan Partners Asset Management by 81.5% in the 2nd quarter. GAMMA Investing LLC now owns 775 shares of the asset manager’s stock valued at $32,000 after buying an additional 348 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in Artisan Partners Asset Management by 41.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager’s stock valued at $43,000 after buying an additional 296 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Artisan Partners Asset Management by 735.9% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,212 shares of the asset manager’s stock worth $52,000 after purchasing an additional 1,067 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Artisan Partners Asset Management during the 2nd quarter worth approximately $63,000. 86.45% of the stock is owned by institutional investors.

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.