Artisan Partners Asset Management (NYSE:APAM) Rating Lowered to Hold at StockNews.com

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

Separately, Royal Bank of Canada decreased their price target on 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 investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $44.38.

Artisan Partners Asset Management Price Performance

NYSE APAM opened at $39.97 on Monday. 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 business’s fifty day moving average is $43.12 and its 200 day moving average is $44.03. The company has a market capitalization of $3.21 billion, a PE ratio of 10.98 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 announced its quarterly earnings data 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%. Sell-side analysts predict that Artisan Partners Asset Management will post 3.6 earnings per share for the current year.

Institutional Trading of Artisan Partners Asset Management

Several institutional investors have recently made changes to their positions in APAM. Atria Investments Inc grew its position in shares of Artisan Partners Asset Management by 6.0% during the third quarter. Atria Investments Inc now owns 17,993 shares of the asset manager’s stock worth $779,000 after purchasing an additional 1,023 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in Artisan Partners Asset Management by 7.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 47,318 shares of the asset manager’s stock worth $2,050,000 after acquiring an additional 3,136 shares during the last quarter. Versor Investments LP raised its holdings in shares of Artisan Partners Asset Management by 125.4% during the 3rd quarter. Versor Investments LP now owns 14,921 shares of the asset manager’s stock worth $646,000 after acquiring an additional 8,300 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its position in shares of Artisan Partners Asset Management by 6.7% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 6,461 shares of the asset manager’s stock valued at $280,000 after acquiring an additional 406 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of 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 acquiring an additional 4,736 shares during the last quarter. Hedge funds and other 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.