TD Cowen Forecasts Strong Price Appreciation for Artisan Partners Asset Management (NYSE:APAM) Stock

Artisan Partners Asset Management (NYSE:APAM) had its price target boosted by research analysts at TD Cowen from $35.00 to $37.00 in a report released on Thursday,Benzinga reports. The firm currently has a “hold” rating on the asset manager’s stock. TD Cowen’s target price points to a potential downside of 7.11% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. Zacks Research cut Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 22nd. Royal Bank Of Canada boosted their target price on Artisan Partners Asset Management from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Artisan Partners Asset Management in a research note on Thursday, July 2nd. Evercore set a $36.00 price objective on shares of Artisan Partners Asset Management in a research note on Friday, July 10th. Finally, The Goldman Sachs Group decreased their price objective on shares of Artisan Partners Asset Management from $39.00 to $34.00 and set a “sell” rating for the company in a report on Tuesday, April 7th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $37.75.

Artisan Partners Asset Management Trading Down 1.3%

Artisan Partners Asset Management stock traded down $0.51 during mid-day trading on Thursday, hitting $39.83. The stock had a trading volume of 173,696 shares, compared to its average volume of 756,001. The stock has a 50-day simple moving average of $36.91 and a two-hundred day simple moving average of $38.57. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $3.21 billion, a PE ratio of 9.65 and a beta of 1.68. Artisan Partners Asset Management has a 12 month low of $33.96 and a 12 month high of $48.46.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.03. Artisan Partners Asset Management had a return on equity of 73.71% and a net margin of 24.08%.The firm had revenue of $307.90 million during the quarter, compared to analysts’ expectations of $301.32 million. During the same period in the previous year, the business posted $0.83 EPS. The company’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Artisan Partners Asset Management will post 3.89 EPS for the current year.

Hedge Funds Weigh In On Artisan Partners Asset Management

Hedge funds and other institutional investors have recently modified their holdings of the business. WealthCollab LLC boosted its stake in shares of Artisan Partners Asset Management by 17.0% in the 2nd quarter. WealthCollab LLC now owns 1,700 shares of the asset manager’s stock valued at $75,000 after purchasing an additional 247 shares in the last quarter. WINTON GROUP Ltd grew its position in Artisan Partners Asset Management by 0.9% during the 4th quarter. WINTON GROUP Ltd now owns 29,793 shares of the asset manager’s stock worth $1,214,000 after acquiring an additional 269 shares during the last quarter. IFP Advisors Inc increased its stake in shares of Artisan Partners Asset Management by 45.8% in the third quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock valued at $41,000 after buying an additional 300 shares during the period. California State Teachers Retirement System boosted its position in Artisan Partners Asset Management by 0.5% during the 2nd quarter. California State Teachers Retirement System now owns 64,112 shares of the asset manager’s stock worth $2,842,000 after buying an additional 317 shares during the period. Finally, ProShare Advisors LLC grew its holdings in Artisan Partners Asset Management by 2.8% during the 4th quarter. ProShare Advisors LLC now owns 12,266 shares of the asset manager’s stock worth $500,000 after acquiring an additional 331 shares during the last quarter. Institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.