APAM has been the subject of a number of other research reports. Evercore ISI launched coverage on shares of Artisan Partners Asset Management in a report on Wednesday, December 22. They issued an “inline” rating and a price target of $48.00 for the company. Goldman Sachs Group downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “neutral” rating and lowered its price target for the company from $55.00 to $48.00 in a report for Tuesday 4 January. Four equity research analysts gave the stock a hold rating and three gave the company a buy rating. Based on MarketBeat data, Artisan Partners Asset Management has a consensus rating of “Hold” and a consensus target price of $51.43.
Shares of APAM opened at $37.61 on Friday. Artisan Partners Asset Management has a 1-year low of $35.37 and a 1-year high of $57.65. The stock has a market capitalization of $2.97 billion, a PE ratio of 7.42 and a beta of 1.79. The company has a 50-day simple moving average of $42.79 and a two-hundred-day simple moving average of $46.95. The company has a debt ratio of 0.67, a current ratio of 0.70 and a quick ratio of 0.70.
Artisan Partners Asset Management (NYSE: APAM – Get a rating) last announced its quarterly results on Tuesday, February 1. The asset manager reported earnings per share of $1.29 for the quarter, beating consensus analyst estimates of $1.28 by $0.01. Artisan Partners Asset Management posted a net margin of 27.42% and a return on equity of 157.99%. The company posted revenue of $315.00 million in the quarter, compared to $315.87 million expected by analysts. During the same period last year, the company earned earnings per share of $1.06. The company’s revenue for the quarter increased 20.6% year over year. As a group, sell-side analysts expect Artisan Partners Asset Management to post earnings per share of 4.9 for the current financial year.
In other news, Director Cox tench bought 220,000 shares of the company in a transaction that took place on Tuesday, December 14. The stock was purchased at an average price of $45.39 per share, for a total transaction of $9,985,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. 19.32% of the shares are held by insiders.
Several large investors have recently changed their stake in the company. Mcmorgan & Co. LLC increased its equity stake in Artisan Partners Asset Management by 9.8% during the third quarter. Mcmorgan & Co. LLC now owns 29,425 shares of the asset manager worth $1,439,000 after purchasing an additional 2,615 shares during the period. Ibex Wealth Advisors increased its holdings of Artisan Partners Asset Management shares by 2.1% during the second quarter. Ibex Wealth Advisors now owns 104,661 shares of the asset manager worth $5,319,000 after buying 2,118 additional shares in the last quarter. Dimensional Fund Advisors LP increased its holdings of Artisan Partners Asset Management shares by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,132,473 shares of the asset manager worth $55,404,000 after buying 8,717 additional shares in the last quarter. HM Payson & Co. bought a new equity position in Artisan Partners Asset Management during the second quarter worth approximately $42,000. Finally, the Healthcare of Ontario Pension Plan Trust Fund increased its holdings of Artisan Partners Asset Management shares by 9,362.6% during the third quarter. The Healthcare of Ontario Pension Plan Trust Fund now owns 66,806 shares of the asset manager worth $3,268,000 after purchasing an additional 66,100 shares in the last quarter. Institutional investors and hedge funds own 68.45% of the company’s shares.
Artisan Partners Asset Management Company Profile (Get a rating)
Artisan Partners Asset Management, Inc. operates as an investment management company, which provides investment strategies to clients worldwide. It offers investment management services to institutions and through intermediaries that operate with institutional-like decision-making processes and have longer-term investment horizons, through segregated accounts and mutual funds.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Artisan Partners Asset Management right now?
Before you consider Artisan Partners Asset Management, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Artisan Partners Asset Management was not on the list.
While Artisan Partners Asset Management currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here