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

Artisan Partners Asset Management (NYSE:APAM) 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 Tuesday.

Separately, Royal Bank of Canada reduced their price objective on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating for the company in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $44.38.

Artisan Partners Asset Management Trading Up 1.1 %

APAM opened at $40.79 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73. Artisan Partners Asset Management has a one year low of $37.89 and a one year high of $49.54. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 11.21 and a beta of 1.83. The business has a 50 day simple moving average of $42.75 and a two-hundred day simple moving average of $43.92.

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

Institutional Trading of Artisan Partners Asset Management

A number of institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new stake in shares of Artisan Partners Asset Management during the 4th quarter valued at about $20,607,000. Wasatch Advisors LP grew its stake in Artisan Partners Asset Management by 25.3% during the third quarter. Wasatch Advisors LP now owns 1,812,080 shares of the asset manager’s stock valued at $78,499,000 after acquiring an additional 365,434 shares in the last quarter. Channing Capital Management LLC boosted its holdings in shares of Artisan Partners Asset Management by 14.5% during the 4th quarter. Channing Capital Management LLC now owns 1,770,526 shares of the asset manager’s stock valued at $76,221,000 after purchasing an additional 224,455 shares during the last quarter. Millennium Management LLC grew its position in shares of Artisan Partners Asset Management by 98.2% during the fourth quarter. Millennium Management LLC now owns 439,057 shares of the asset manager’s stock valued at $18,901,000 after purchasing an additional 217,552 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Artisan Partners Asset Management by 6.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,643,915 shares of the asset manager’s stock worth $114,534,000 after purchasing an additional 154,536 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

About Artisan Partners Asset Management

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.