Artisan Partners Asset Management (NYSE:APAM – Get Free Report) 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 Friday.
A number of other equities research analysts have also issued reports on APAM. TD Cowen initiated coverage on Artisan Partners Asset Management in a research note on Thursday, January 4th. They issued a “market perform” rating and a $41.00 price target for the company. TheStreet upgraded Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research note on Wednesday, November 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $37.67.
Get Our Latest Stock Report on APAM
Artisan Partners Asset Management Trading Up 2.8 %
NYSE:APAM opened at $43.08 on Friday. Artisan Partners Asset Management has a one year low of $28.98 and a one year high of $45.92. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 13.63 and a beta of 1.88. The business has a fifty day moving average price of $42.66 and a 200-day moving average price of $39.12.
Artisan Partners Asset Management (NYSE:APAM – Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. Artisan Partners Asset Management had a return on equity of 73.85% and a net margin of 22.80%. The business had revenue of $249.00 million during the quarter, compared to analyst estimates of $249.90 million. During the same quarter in the prior year, the business posted $0.65 EPS. Artisan Partners Asset Management’s revenue for the quarter was up 10.2% compared to the same quarter last year. Sell-side analysts forecast that Artisan Partners Asset Management will post 3.27 EPS for the current year.
Insiders Place Their Bets
In other Artisan Partners Asset Management news, EVP Gregory K. Ramirez sold 2,500 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $42.28, for a total value of $105,700.00. Following the completion of the sale, the executive vice president now owns 83,335 shares of the company’s stock, valued at $3,523,403.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 18.50% of the stock is owned by insiders.
Hedge Funds Weigh In On Artisan Partners Asset Management
A number of institutional investors have recently modified their holdings of APAM. Private Trust Co. NA increased its position in shares of Artisan Partners Asset Management by 458.3% during the third quarter. Private Trust Co. NA now owns 670 shares of the asset manager’s stock worth $25,000 after acquiring an additional 550 shares during the period. First Capital Advisors Group LLC. purchased a new position in Artisan Partners Asset Management during the second quarter valued at approximately $25,000. Acadian Asset Management LLC bought a new position in Artisan Partners Asset Management in the first quarter worth approximately $26,000. State of Wyoming bought a new position in Artisan Partners Asset Management in the fourth quarter worth approximately $26,000. Finally, Allworth Financial LP raised its stake in Artisan Partners Asset Management by 716.0% in the fourth quarter. Allworth Financial LP now owns 612 shares of the asset manager’s stock worth $27,000 after buying an additional 537 shares in the last quarter. 89.45% 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.
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