StockNews.com Downgrades Artisan Partners Asset Management (NYSE:APAM) to Hold

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

Separately, Royal Bank of Canada dropped 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 research note on Monday, February 3rd. One 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $42.38.

Artisan Partners Asset Management Trading Up 9.8 %

Shares of NYSE APAM opened at $37.16 on Tuesday. Artisan Partners Asset Management has a twelve month low of $32.75 and a twelve month high of $49.54. The firm has a market cap of $2.98 billion, a PE ratio of 10.21 and a beta of 1.80. The business has a fifty day simple moving average of $41.11 and a two-hundred day simple moving average of $43.58. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 earnings per share for the quarter, beating the consensus estimate 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%. Analysts expect 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 modified their holdings of the company. PNC Financial Services Group Inc. grew its position in Artisan Partners Asset Management by 4.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,838 shares of the asset manager’s stock worth $208,000 after purchasing an additional 226 shares during the last quarter. Larson Financial Group LLC lifted its stake in shares of Artisan Partners Asset Management by 82.7% during the fourth quarter. Larson Financial Group LLC now owns 581 shares of the asset manager’s stock worth $25,000 after buying an additional 263 shares during the period. Stifel Financial Corp grew its holdings in shares of Artisan Partners Asset Management by 0.3% during the fourth quarter. Stifel Financial Corp now owns 120,023 shares of the asset manager’s stock valued at $5,167,000 after buying an additional 319 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of 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. Finally, GAMMA Investing LLC raised its stake in Artisan Partners Asset Management by 31.0% in the 4th quarter. GAMMA Investing LLC now owns 1,478 shares of the asset manager’s stock worth $64,000 after acquiring an additional 350 shares during the last quarter. 86.45% of the stock is owned by hedge funds and other 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.