Royal Bank Of Canada Lowers Artisan Partners Asset Management (NYSE:APAM) Price Target to $50.00

Artisan Partners Asset Management (NYSE:APAM) had its price objective reduced by equities research analysts at Royal Bank Of Canada from $51.00 to $50.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the asset manager’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 10.60% from the stock’s current price.

A number of other research analysts have also weighed in on APAM. Evercore raised their target price 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 reiterated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Wednesday, December 10th. Zacks Research cut shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note 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. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.00.

Artisan Partners Asset Management Trading Up 2.0%

Shares of APAM stock opened at $45.21 on Friday. The company has a current ratio of 0.76, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $3.65 billion, a price-to-earnings ratio of 11.27 and a beta of 1.76. Artisan Partners Asset Management has a 12-month low of $32.75 and a 12-month high of $48.50. The stock’s 50-day moving average price is $42.71 and its 200-day moving average price is $44.00.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.15. Artisan Partners Asset Management had a return on equity of 73.74% and a net margin of 24.26%.The business had revenue of $335.50 million during the quarter, compared to analysts’ expectations of $322.13 million. During the same quarter last year, the business posted $1.05 EPS. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. Equities research analysts predict that Artisan Partners Asset Management will post 3.6 EPS for the current fiscal year.

Hedge Funds Weigh In On Artisan Partners Asset Management

A number of large investors have recently made changes to their positions in the company. WealthCollab LLC raised its position in Artisan Partners Asset Management by 17.0% in the 2nd quarter. WealthCollab LLC now owns 1,700 shares of the asset manager’s stock worth $75,000 after purchasing an additional 247 shares during the period. Maryland State Retirement & Pension System grew its stake in shares of Artisan Partners Asset Management by 1.2% during the second quarter. Maryland State Retirement & Pension System now owns 20,698 shares of the asset manager’s stock valued at $918,000 after buying an additional 251 shares during the last quarter. Guinness Asset Management LTD raised its holdings in shares of Artisan Partners Asset Management by 2.4% in the second quarter. Guinness Asset Management LTD now owns 10,917 shares of the asset manager’s stock worth $484,000 after buying an additional 253 shares during the period. Belpointe Asset Management LLC raised its holdings in shares of Artisan Partners Asset Management by 4.3% in the third quarter. Belpointe Asset Management LLC now owns 6,210 shares of the asset manager’s stock worth $270,000 after buying an additional 255 shares during the period. Finally, Yousif Capital Management LLC raised its holdings in shares of Artisan Partners Asset Management by 1.0% in the second quarter. Yousif Capital Management LLC now owns 26,077 shares of the asset manager’s stock worth $1,156,000 after buying an additional 265 shares during the period. 86.45% of the stock is owned by hedge funds and other institutional investors.

About Artisan Partners Asset Management

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.