Artisan Partners Asset Management (APAM) Upgraded at TheStreet

Artisan Partners Asset Management (NYSE:APAM) was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating in a report issued on Monday, TheStreetRatingsTable reports.

Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of Artisan Partners Asset Management from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. Citigroup lowered shares of Artisan Partners Asset Management from a “neutral” rating to a “sell” rating in a report on Monday, January 14th. Bank of America set a $25.00 target price on shares of Artisan Partners Asset Management and gave the company a “sell” rating in a report on Tuesday, April 9th. Finally, ValuEngine raised shares of Artisan Partners Asset Management from a “strong sell” rating to a “sell” rating in a report on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Artisan Partners Asset Management has a consensus rating of “Hold” and an average target price of $29.60.

APAM opened at $28.96 on Monday. Artisan Partners Asset Management has a 12-month low of $20.16 and a 12-month high of $35.50. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.42. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 9.85, a price-to-earnings-growth ratio of 1.62 and a beta of 1.74.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Monday, February 4th. The asset manager reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). Artisan Partners Asset Management had a return on equity of 184.56% and a net margin of 19.10%. The business had revenue of $191.50 million for the quarter, compared to analysts’ expectations of $193.12 million. During the same period in the prior year, the business posted $0.66 earnings per share. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. Analysts expect that Artisan Partners Asset Management will post 2.49 EPS for the current year.

In related news, insider Jason A. Gottlieb sold 10,000 shares of Artisan Partners Asset Management stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $26.18, for a total value of $261,800.00. Following the sale, the insider now owns 101,710 shares of the company’s stock, valued at approximately $2,662,767.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 28.23% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Pearl River Capital LLC acquired a new stake in Artisan Partners Asset Management during the 4th quarter worth $70,000. Meeder Asset Management Inc. boosted its stake in Artisan Partners Asset Management by 230.6% during the 1st quarter. Meeder Asset Management Inc. now owns 3,065 shares of the asset manager’s stock worth $77,000 after purchasing an additional 2,138 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in Artisan Partners Asset Management by 7.5% during the 4th quarter. Great West Life Assurance Co. Can now owns 7,268 shares of the asset manager’s stock worth $153,000 after purchasing an additional 504 shares during the last quarter. Jane Street Group LLC acquired a new stake in Artisan Partners Asset Management during the 4th quarter worth $200,000. Finally, Raymond James Trust N.A. acquired a new stake in Artisan Partners Asset Management during the 1st quarter worth $225,000. 63.48% of the stock is currently owned by hedge funds and other institutional investors.

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.

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