Artisan Partners Asset Management (NYSE:APAM) Raised to “Buy” at Wall Street Zen

Artisan Partners Asset Management (NYSE:APAM) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other research analysts also recently issued research reports about the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research report on Monday, December 29th. TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Wednesday, December 10th. Royal Bank Of Canada dropped their price objective on Artisan Partners Asset Management from $51.00 to $50.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Finally, Zacks Research downgraded Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $44.00.

Artisan Partners Asset Management Trading Down 2.7%

Artisan Partners Asset Management stock opened at $40.23 on Friday. The firm has a market cap of $3.24 billion, a PE ratio of 10.03 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 simple moving average is $42.93 and its two-hundred day simple moving average is $43.63. The company has a current ratio of 0.91, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40.

Artisan Partners Asset Management (NYSE:APAM) last posted its 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 net margin of 24.26% and a return on equity of 73.73%. The firm had revenue of $335.50 million during the quarter, compared to analyst estimates of $322.13 million. During the same period in the previous year, the firm earned $1.05 EPS. The business’s quarterly revenue was up 13.0% on a year-over-year basis. Analysts anticipate that Artisan Partners Asset Management will post 3.6 earnings per share for the current year.

Institutional Trading of Artisan Partners Asset Management

Several large investors have recently made changes to their positions in the company. Foster Dykema Cabot & Partners LLC purchased a new position in Artisan Partners Asset Management in the 3rd quarter valued at $27,000. Chilton Capital Management LLC acquired a new stake in shares of Artisan Partners Asset Management in the third quarter valued at about $28,000. Eagle Bay Advisors LLC purchased a new position in shares of Artisan Partners Asset Management in the fourth quarter worth about $32,000. Community Bank N.A. purchased a new position in shares of Artisan Partners Asset Management in the third quarter worth about $33,000. Finally, Triumph Capital Management boosted its position in Artisan Partners Asset Management by 112.5% during the fourth quarter. Triumph Capital Management now owns 850 shares of the asset manager’s stock worth $35,000 after acquiring an additional 450 shares during the last quarter. 86.45% of the stock is currently 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.