Artisan Partners Asset Management (NYSE:APAM) Upgraded by StockNews.com to “Buy” Rating

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 released on Tuesday.

Separately, Royal Bank of Canada cut their target price on shares of 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. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $44.38.

Artisan Partners Asset Management Trading Up 2.2 %

NYSE APAM opened at $40.43 on Tuesday. 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 company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 11.11 and a beta of 1.83. The company’s 50-day simple moving average is $42.80 and its two-hundred day simple moving average is $43.95. Artisan Partners Asset Management has a one year low of $37.89 and a one year high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, beating 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%. Equities analysts forecast that Artisan Partners Asset Management will post 3.6 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Atria Investments Inc grew its position 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 worth $779,000 after purchasing an additional 1,023 shares during the last quarter. GSA Capital Partners LLP grew its position 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 worth $493,000 after purchasing an additional 4,736 shares during the last quarter. KBC Group NV grew its position 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 worth $96,000 after purchasing an additional 413 shares during the last quarter. Natixis Advisors LLC grew its position 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 worth $13,358,000 after purchasing an additional 33,719 shares during the last quarter. Finally, Swiss National Bank grew its position 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 worth $5,918,000 after purchasing an additional 900 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.