Zacks Investment Research upgraded shares of Artisan Partners Asset Management Inc. (NYSE:APAM) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday.

According to Zacks, “Artisan Partners Asset Management Inc. is an independent investment management firm that provides a broad range of U.S., non-U.S. and global equity investment strategies. The Company’s manages investments primarily through mutual funds and separate accounts. Its clients include pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. pooled investment vehicles. Artisan Partners Asset Management Inc. is based in Milwaukee, WI United States. “

APAM has been the subject of a number of other reports. TheStreet upgraded Artisan Partners Asset Management from a c+ rating to a b- rating in a research report on Monday, July 17th. Jefferies Group LLC restated a hold rating and issued a $32.00 price objective on shares of Artisan Partners Asset Management in a research report on Friday, July 14th. Royal Bank Of Canada set a $36.00 price objective on Artisan Partners Asset Management and gave the company a buy rating in a research report on Tuesday, August 1st. BidaskClub upgraded Artisan Partners Asset Management from a hold rating to a buy rating in a research report on Friday, June 30th. Finally, Sidoti upgraded Artisan Partners Asset Management from a neutral rating to a buy rating in a research report on Friday, August 4th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Artisan Partners Asset Management currently has a consensus rating of Hold and a consensus target price of $29.50.

Shares of Artisan Partners Asset Management (APAM) opened at 33.60 on Wednesday. The company has a 50-day moving average of $31.00 and a 200 day moving average of $29.86. Artisan Partners Asset Management has a 12-month low of $24.48 and a 12-month high of $33.95. The stock has a market capitalization of $1.67 billion, a price-to-earnings ratio of 19.82 and a beta of 1.77.

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

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Large investors have recently modified their holdings of the company. Quantbot Technologies LP boosted its stake in shares of Artisan Partners Asset Management by 3.5% in the second quarter. Quantbot Technologies LP now owns 3,591 shares of the asset manager’s stock worth $110,000 after acquiring an additional 120 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new position in Artisan Partners Asset Management during the second quarter worth $120,000. Segantii Capital Management Ltd acquired a new position in Artisan Partners Asset Management during the first quarter worth $135,000. Tower Research Capital LLC TRC acquired a new position in Artisan Partners Asset Management during the first quarter worth $151,000. Finally, Utah Retirement Systems boosted its stake in Artisan Partners Asset Management by 10.4% during the first quarter. Utah Retirement Systems now owns 7,400 shares of the asset manager’s stock worth $205,000 after buying an additional 700 shares during the last quarter. 65.63% of the stock is currently owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Company Profile

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.

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