Artisan Partners Asset Management Inc. (NYSE:APAM) Receives Consensus Rating of “Hold” from Analysts

Artisan Partners Asset Management Inc. (NYSE:APAM) has earned an average rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $44.25.

APAM has been the subject of a number of analyst reports. Evercore ISI increased their price target on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “in-line” rating in a report on Thursday, October 30th. TD Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Wednesday, December 10th. Zacks Research downgraded Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 9th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a report on Monday, December 29th.

Hedge Funds Weigh In On Artisan Partners Asset Management

A number of large investors have recently made changes to their positions in the company. Jennison Associates LLC raised its position in Artisan Partners Asset Management by 63.6% in the 4th quarter. Jennison Associates LLC now owns 48,780 shares of the asset manager’s stock worth $1,987,000 after purchasing an additional 18,959 shares during the period. State of New Jersey Common Pension Fund D boosted its position in shares of Artisan Partners Asset Management by 10.4% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 52,237 shares of the asset manager’s stock valued at $2,128,000 after buying an additional 4,906 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of Artisan Partners Asset Management by 13.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 10,131 shares of the asset manager’s stock valued at $413,000 after buying an additional 1,206 shares during the last quarter. UBS Group AG grew its stake in shares of Artisan Partners Asset Management by 21.6% during the fourth quarter. UBS Group AG now owns 279,067 shares of the asset manager’s stock valued at $11,369,000 after buying an additional 49,635 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. AG raised its holdings in shares of Artisan Partners Asset Management by 17.8% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 38,044 shares of the asset manager’s stock worth $1,550,000 after buying an additional 5,748 shares during the period. 86.45% of the stock is owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Price Performance

Artisan Partners Asset Management stock opened at $44.60 on Friday. Artisan Partners Asset Management has a 52-week low of $32.75 and a 52-week high of $48.50. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.43. The firm’s fifty day moving average is $42.40 and its 200 day moving average is $44.06. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 12.19 and a beta of 1.76.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, October 28th. The asset manager reported $1.02 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.05. The business had revenue of $301.29 million during the quarter, compared to analysts’ expectations of $300.90 million. Artisan Partners Asset Management had a net margin of 22.90% and a return on equity of 72.15%. The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the company posted $0.92 EPS. Sell-side analysts forecast that Artisan Partners Asset Management will post 3.6 EPS for the current fiscal year.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.