Jefferies Group restated their hold rating on shares of Artisan Partners Asset Management Inc. (NYSE:APAM) in a research note released on Monday. The firm currently has a $29.00 price objective on the stock.

A number of other brokerages have also issued reports on APAM. RBC Capital Markets lowered Artisan Partners Asset Management from an outperform rating to a sector perform rating and lowered their price target for the stock from $38.00 to $31.00 in a research note on Monday, July 25th. Keefe, Bruyette & Woods lowered their price target on Artisan Partners Asset Management from $30.00 to $28.00 and set a market perform rating on the stock in a research note on Wednesday, July 27th. Credit Suisse Group AG lowered Artisan Partners Asset Management from an outperform rating to a neutral rating and set a $26.00 price target on the stock. in a research note on Thursday, July 14th. Bank of America Corp. lowered Artisan Partners Asset Management from a neutral rating to an underperform rating in a research note on Tuesday, June 28th. Finally, Royal Bank Of Canada lowered Artisan Partners Asset Management from an outperform rating to a sector perform rating and lowered their price target for the stock from $38.00 to $31.00 in a research note on Monday, July 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $29.10.

Analyst Recommendations for Artisan Partners Asset Management (NYSE:APAM)

Artisan Partners Asset Management (NYSE:APAM) traded up 0.72% on Monday, reaching $27.80. The company’s stock had a trading volume of 32,838 shares. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 16.88 and a beta of 1.70. Artisan Partners Asset Management has a 12-month low of $23.65 and a 12-month high of $40.62. The firm has a 50-day moving average of $27.10 and a 200 day moving average of $29.28.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Monday, July 25th. The company reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by $0.04. The firm earned $180.80 million during the quarter, compared to analyst estimates of $181.65 million. Artisan Partners Asset Management had a return on equity of 141.04% and a net margin of 9.80%. The business’s revenue was down 14.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.74 earnings per share. On average, equities research analysts anticipate that Artisan Partners Asset Management will post $2.14 EPS for the current fiscal year.

In other news, Director Stephanie Dimarco acquired 1,078 shares of the business’s stock in a transaction that occurred on Wednesday, November 30th. The shares were purchased at an average price of $38.95 per share, for a total transaction of $41,988.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 40.29% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the stock. Bank of Montreal Can purchased a new stake in Artisan Partners Asset Management during the second quarter valued at about $105,000. BlackRock Inc. increased its stake in shares of Artisan Partners Asset Management by 345.4% in the first quarter. BlackRock Inc. now owns 4,980 shares of the company’s stock valued at $154,000 after buying an additional 3,862 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Artisan Partners Asset Management by 24.2% in the second quarter. Teacher Retirement System of Texas now owns 5,412 shares of the company’s stock valued at $150,000 after buying an additional 1,053 shares during the period. Quantbot Technologies LP bought a new stake in shares of Artisan Partners Asset Management during the second quarter valued at $171,000. Finally, Wesbanco Bank Inc. bought a new stake in shares of Artisan Partners Asset Management during the second quarter valued at $234,000. Hedge funds and other institutional investors own 55.90% of the company’s stock.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is an investment management firm focused on providing investment strategies to clients around the global. The Company’s operations are conducted through Artisan Partners Holdings LP and its subsidiaries. It operates in the investment management industry. The Company provides investment management services to separate accounts and mutual funds, and other pooled investment vehicles.

5 Day Chart for NYSE:APAM

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