Artisan Partners Asset Management (NYSE:APAM) Stock Rating Lowered by StockNews.com

Artisan Partners Asset Management (NYSE:APAM) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

Separately, Royal Bank of Canada lowered their target price on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $44.38.

Artisan Partners Asset Management Trading Down 1.6 %

NYSE APAM traded down $0.68 on Monday, reaching $42.40. The company had a trading volume of 714,698 shares, compared to its average volume of 492,544. Artisan Partners Asset Management has a 52 week low of $37.89 and a 52 week high of $49.54. The stock’s 50 day moving average is $43.13 and its 200-day moving average is $44.02. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 11.65 and a beta of 1.83. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.08. Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%. Equities analysts predict that Artisan Partners Asset Management will post 3.6 earnings per share for the current year.

Hedge Funds Weigh In On Artisan Partners Asset Management

Institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. lifted its stake in Artisan Partners Asset Management by 208.6% in the fourth quarter. Bessemer Group Inc. now owns 574 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 388 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Artisan Partners Asset Management by 82.7% during the fourth quarter. Larson Financial Group LLC now owns 581 shares of the asset manager’s stock worth $25,000 after acquiring an additional 263 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Artisan Partners Asset Management by 110.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 628 shares of the asset manager’s stock worth $27,000 after acquiring an additional 330 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Artisan Partners Asset Management by 166.8% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,027 shares of the asset manager’s stock worth $44,000 after acquiring an additional 642 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Artisan Partners Asset Management during the fourth quarter worth $57,000. Hedge funds and other institutional investors own 86.45% of the company’s stock.

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.