Artisan Partners Asset Management (NYSE:APAM) has been given a $41.00 price objective by equities research analysts at Royal Bank of Canada in a report released on Friday. The brokerage currently has a “buy” rating on the asset manager’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 4.19% from the stock’s previous close.

Several other equities research analysts also recently weighed in on APAM. Zacks Investment Research raised shares of Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Jefferies Group reissued a “hold” rating on shares of Artisan Partners Asset Management in a research report on Friday, August 18th. BidaskClub raised shares of Artisan Partners Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 28th. Finally, ValuEngine cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Artisan Partners Asset Management has an average rating of “Hold” and a consensus price target of $32.64.

Shares of Artisan Partners Asset Management (NYSE:APAM) opened at $39.35 on Friday. The firm has a market cap of $2,973.60, a P/E ratio of 19.48, a P/E/G ratio of 1.70 and a beta of 1.83. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.27. Artisan Partners Asset Management has a 1 year low of $26.30 and a 1 year high of $40.65.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Tuesday, October 31st. The asset manager reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. The company had revenue of $204.60 million during the quarter, compared to the consensus estimate of $204.53 million. Artisan Partners Asset Management had a net margin of 12.58% and a return on equity of 95.09%. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 earnings per share. research analysts forecast that Artisan Partners Asset Management will post 2.42 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC boosted its holdings in Artisan Partners Asset Management by 12.5% in the third quarter. Sterling Capital Management LLC now owns 78,831 shares of the asset manager’s stock worth $2,570,000 after purchasing an additional 8,790 shares during the last quarter. Jane Street Group LLC purchased a new stake in Artisan Partners Asset Management in the third quarter worth approximately $367,000. Vident Investment Advisory LLC purchased a new stake in Artisan Partners Asset Management in the third quarter worth approximately $2,571,000. Allianz Asset Management GmbH boosted its holdings in Artisan Partners Asset Management by 76.4% in the third quarter. Allianz Asset Management GmbH now owns 71,630 shares of the asset manager’s stock worth $2,335,000 after purchasing an additional 31,027 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its holdings in Artisan Partners Asset Management by 0.3% in the third quarter. Epoch Investment Partners Inc. now owns 602,231 shares of the asset manager’s stock worth $19,633,000 after purchasing an additional 2,031 shares during the last quarter. Institutional investors own 63.51% of the company’s stock.

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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.

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

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