Artisan Partners Asset Management (NYSE:APAM) Stock Rating Upgraded by StockNews.com

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

Separately, Royal Bank of Canada lowered their price objective on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating for the company in a research note 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $44.38.

Artisan Partners Asset Management Price Performance

Artisan Partners Asset Management stock opened at $40.79 on Tuesday. Artisan Partners Asset Management has a 52-week low of $37.89 and a 52-week high of $49.54. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 11.21 and a beta of 1.83. The firm’s fifty day moving average is $42.75 and its 200 day moving average is $43.92. 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 announced its earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. Sell-side analysts forecast that Artisan Partners Asset Management will post 3.6 EPS for the current fiscal year.

Institutional Trading of Artisan Partners Asset Management

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Artisan Partners Asset Management by 4.9% in the third quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager’s stock worth $76,920,000 after buying an additional 82,868 shares during the period. Principal Financial Group Inc. grew its position in Artisan Partners Asset Management by 3.3% in the 4th quarter. Principal Financial Group Inc. now owns 341,336 shares of the asset manager’s stock valued at $14,695,000 after acquiring an additional 10,802 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Artisan Partners Asset Management in the fourth quarter worth $255,000. Jennison Associates LLC lifted its position in shares of Artisan Partners Asset Management by 60.8% during the fourth quarter. Jennison Associates LLC now owns 42,759 shares of the asset manager’s stock worth $1,841,000 after purchasing an additional 16,166 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Artisan Partners Asset Management by 18.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 50,592 shares of the asset manager’s stock valued at $2,225,000 after purchasing an additional 7,966 shares during the period. 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.