Shares of Artisan Partners Asset Management Inc. (NYSE:APAM) have been given a consensus rating of “Hold” by the eleven research firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $29.25.

Several equities research analysts recently issued reports on the company. TheStreet raised Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research note on Monday, July 17th. Zacks Investment Research raised Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Jefferies Group LLC reaffirmed a “hold” rating and set a $32.00 price target on shares of Artisan Partners Asset Management in a research note on Friday, July 14th. Royal Bank Of Canada set a $36.00 price target on Artisan Partners Asset Management and gave the stock a “buy” rating in a research note on Tuesday, August 1st. Finally, BidaskClub raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Friday, June 30th.

Institutional investors and hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP raised its stake in shares of Artisan Partners Asset Management by 3.5% during the 2nd quarter. Quantbot Technologies LP now owns 3,591 shares of the asset manager’s stock worth $110,000 after purchasing an additional 120 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Artisan Partners Asset Management in the 2nd quarter valued at approximately $120,000. Tower Research Capital LLC TRC bought a new position in shares of Artisan Partners Asset Management in the 1st quarter valued at approximately $151,000. Utah Retirement Systems raised its stake in shares of Artisan Partners Asset Management by 10.4% in the 1st quarter. Utah Retirement Systems now owns 7,400 shares of the asset manager’s stock valued at $205,000 after acquiring an additional 700 shares in the last quarter. Finally, Cigna Investments Inc. New bought a new position in shares of Artisan Partners Asset Management in the 2nd quarter valued at approximately $227,000. 65.63% of the stock is owned by institutional investors.

Artisan Partners Asset Management (NYSE APAM) opened at 33.60 on Friday. The firm has a market cap of $1.67 billion, a P/E ratio of 19.82 and a beta of 1.77. The stock’s 50 day moving average is $31.00 and its 200-day moving average is $29.86. Artisan Partners Asset Management has a 1-year low of $24.48 and a 1-year high of $33.95.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Monday, July 31st. The asset manager reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.01). The business had revenue of $196.20 million during the quarter, compared to analysts’ expectations of $194.25 million. Artisan Partners Asset Management had a return on equity of 78.75% and a net margin of 11.37%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. Analysts forecast that Artisan Partners Asset Management will post $2.34 EPS for the current year.

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About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.

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

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