Artisan Partners Asset Management (NYSE:APAM – Get Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

A number of other equities analysts have also recently commented on APAM. Royal Bank of Canada reiterated an “outperform” rating and set a $45.00 price target on shares of Artisan Partners Asset Management in a report on Thursday, September 28th. TheStreet upgraded shares of Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research report on Wednesday, November 22nd. One research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $34.75.

Get Our Latest Stock Report on Artisan Partners Asset Management

Artisan Partners Asset Management Stock Performance

Artisan Partners Asset Management stock traded up $0.49 during midday trading on Friday, reaching $45.28. 1,371,750 shares of the company’s stock were exchanged, compared to its average volume of 656,323. Artisan Partners Asset Management has a 52 week low of $28.98 and a 52 week high of $45.44. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 15.09 and a beta of 1.84. The stock’s 50-day simple moving average is $36.63 and its 200 day simple moving average is $37.57.

Artisan Partners Asset Management (NYSE:APAM – Get Free Report) last posted its quarterly earnings results on Wednesday, November 1st. The asset manager reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.28. Artisan Partners Asset Management had a return on equity of 74.68% and a net margin of 22.10%. The business had revenue of $248.70 million during the quarter, compared to analysts’ expectations of $245.15 million. During the same quarter last year, the company posted $0.70 earnings per share. Artisan Partners Asset Management’s quarterly revenue was up 6.1% on a year-over-year basis. On average, analysts expect that Artisan Partners Asset Management will post 2.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in APAM. Oregon Public Employees Retirement Fund bought a new stake in shares of Artisan Partners Asset Management during the second quarter worth $837,000. Sigma Planning Corp grew its stake in shares of Artisan Partners Asset Management by 4.6% during the second quarter. Sigma Planning Corp now owns 42,689 shares of the asset manager’s stock worth $1,678,000 after buying an additional 1,886 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Artisan Partners Asset Management by 340.6% during the second quarter. JPMorgan Chase & Co. now owns 583,823 shares of the asset manager’s stock worth $22,950,000 after buying an additional 451,312 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Artisan Partners Asset Management by 19.9% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,444 shares of the asset manager’s stock worth $1,236,000 after buying an additional 5,221 shares during the last quarter. Finally, Juncture Wealth Strategies LLC grew its stake in shares of Artisan Partners Asset Management by 11.3% during the second quarter. Juncture Wealth Strategies LLC now owns 14,800 shares of the asset manager’s stock worth $582,000 after buying an additional 1,500 shares during the last quarter. 89.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Company Profile (Get Free Report)

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.

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Original: MarketBeat News Feed: StockNews.com Lowers Artisan Partners Asset Management (NYSE:APAM) to Hold