A number of other analysts also recently issued reports on APAM. Keefe, Bruyette & Woods set a $29.00 price objective on Artisan Partners Asset Management and gave the stock a hold rating in a research note on Saturday, October 15th. Zacks Investment Research cut Artisan Partners Asset Management from a hold rating to a sell rating in a report on Tuesday. Credit Suisse Group reiterated a hold rating and issued a $21.00 target price on shares of Artisan Partners Asset Management in a report on Monday, November 7th. Finally, Goldman Sachs Group, Inc. (The) cut Artisan Partners Asset Management from a neutral rating to a sell rating and dropped their target price for the stock from $29.00 to $26.00 in a report on Wednesday, January 4th. Three equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $28.40.
Shares of Artisan Partners Asset Management (NYSE:APAM) traded up 1.113% during trading on Tuesday, hitting $29.525. The company had a trading volume of 301,972 shares. The stock’s 50-day moving average price is $30.12 and its 200 day moving average price is $27.96. The company has a market capitalization of $1.24 billion, a P/E ratio of 18.203 and a beta of 1.78. Artisan Partners Asset Management has a 52 week low of $23.65 and a 52 week high of $35.00.
Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Monday, October 31st. The company reported $0.56 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.56. Artisan Partners Asset Management had a return on equity of 136.53% and a net margin of 10.09%. The business had revenue of $184.10 million for the quarter, compared to the consensus estimate of $182.31 million. During the same quarter in the previous year, the company posted $0.67 EPS. The company’s revenue was down 7.2% compared to the same quarter last year. On average, equities research analysts forecast that Artisan Partners Asset Management will post $2.13 earnings per share for the current year.
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In other Artisan Partners Asset Management news, Director Stephanie Dimarco acquired 1,078 shares of the company’s stock in a transaction that occurred on Wednesday, November 30th. The stock was bought at an average price of $38.95 per share, for a total transaction of $41,988.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 40.29% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its position in Artisan Partners Asset Management by 65.5% in the third quarter. Wells Fargo & Company MN now owns 2,495,538 shares of the company’s stock worth $67,879,000 after buying an additional 987,531 shares during the last quarter. Schroder Investment Management Group boosted its position in Artisan Partners Asset Management by 867.6% in the second quarter. Schroder Investment Management Group now owns 562,039 shares of the company’s stock worth $15,557,000 after buying an additional 503,951 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in Artisan Partners Asset Management by 7.1% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,362,680 shares of the company’s stock worth $118,665,000 after buying an additional 289,311 shares during the last quarter. Neuberger Berman Group LLC boosted its position in Artisan Partners Asset Management by 25.2% in the second quarter. Neuberger Berman Group LLC now owns 1,400,077 shares of the company’s stock worth $38,754,000 after buying an additional 281,444 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its position in Artisan Partners Asset Management by 614.4% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 287,678 shares of the company’s stock worth $7,825,000 after buying an additional 247,408 shares during the last quarter. Institutional investors own 54.83% of the company’s stock.
About Artisan Partners Asset Management
Artisan Partners Asset Management Inc is an investment management firm focused on providing investment strategies to clients around the global. The Company’s operations are conducted through Artisan Partners Holdings LP and its subsidiaries. It operates in the investment management industry. The Company provides investment management services to separate accounts and mutual funds, and other pooled investment vehicles.
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