Artisan Partners Asset Management Inc. (NYSE:APAM)‘s stock had its “hold” rating reissued by research analysts at Jefferies Group LLC in a report issued on Friday, July 14th. They presently have a $32.00 price target on the asset manager’s stock. Jefferies Group LLC’s price objective indicates a potential downside of 2.29% from the company’s current price.
Other equities analysts also recently issued research reports about the company. ValuEngine raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Royal Bank Of Canada began coverage on Artisan Partners Asset Management in a research report on Thursday, June 29th. They issued an “outperform” rating and a $34.00 price objective on the stock. Sidoti began coverage on Artisan Partners Asset Management in a research report on Thursday, March 30th. They issued a “neutral” rating and a $31.00 price objective on the stock. BidaskClub raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Finally, Zacks Investment Research downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $29.56.
Artisan Partners Asset Management (APAM) traded down 0.076% during mid-day trading on Friday, reaching $32.725. 134,069 shares of the company traded hands. Artisan Partners Asset Management has a 12-month low of $24.48 and a 12-month high of $33.85. The firm has a market capitalization of $1.61 billion, a P/E ratio of 20.582 and a beta of 1.73. The company’s 50 day moving average price is $30.92 and its 200 day moving average price is $29.09.
Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Thursday, April 27th. The asset manager reported $0.52 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The company had revenue of $184.10 million for the quarter, compared to the consensus estimate of $182.36 million. Artisan Partners Asset Management had a return on equity of 61.99% and a net margin of 10.47%. Artisan Partners Asset Management’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.51 EPS. Equities research analysts predict that Artisan Partners Asset Management will post $2.33 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: “Jefferies Group LLC Reiterates Hold Rating for Artisan Partners Asset Management Inc. (NYSE:APAM)” was first published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://stocknewstimes.com/2017/07/28/artisan-partners-asset-managements-nyseapam-hold-rating-reiterated-at-jefferies-group-llc-updated.html.
Institutional investors have recently bought and sold shares of the company. Bbva Compass Bancshares Inc. increased its position in Artisan Partners Asset Management by 0.5% in the second quarter. Bbva Compass Bancshares Inc. now owns 18,167 shares of the asset manager’s stock worth $558,000 after buying an additional 93 shares during the last quarter. Boston Advisors LLC purchased a new position in Artisan Partners Asset Management during the second quarter worth about $537,000. First Quadrant L P CA increased its position in Artisan Partners Asset Management by 2,201.6% in the second quarter. First Quadrant L P CA now owns 10,104 shares of the asset manager’s stock worth $310,000 after buying an additional 9,665 shares during the last quarter. Aperio Group LLC boosted its stake in shares of Artisan Partners Asset Management by 45.1% in the second quarter. Aperio Group LLC now owns 71,007 shares of the asset manager’s stock worth $2,180,000 after buying an additional 22,075 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Artisan Partners Asset Management by 29.9% in the second quarter. Nisa Investment Advisors LLC now owns 21,750 shares of the asset manager’s stock worth $638,000 after buying an additional 5,000 shares during the period. 98.16% of the stock is currently owned by institutional investors and hedge funds.
About Artisan Partners Asset Management
Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.
Receive News & Ratings for Artisan Partners Asset Management Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artisan Partners Asset Management Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
