Jefferies Group LLC reaffirmed their hold rating on shares of Artisan Partners Asset Management Inc. (NYSE:APAM) in a report released on Friday morning. The brokerage currently has a $32.00 price objective on the asset manager’s stock.

A number of other analysts have also weighed in on APAM. Sidoti initiated coverage on shares of Artisan Partners Asset Management in a research note on Thursday, March 30th. They issued a neutral rating and a $31.00 price target for the company. Zacks Investment Research lowered shares of Artisan Partners Asset Management from a hold rating to a strong sell rating in a research note on Tuesday, April 11th. Keefe, Bruyette & Woods raised shares of Artisan Partners Asset Management from a market perform rating to an outperform rating and upped their price target for the stock from $30.00 to $33.00 in a research note on Monday, May 1st. ValuEngine lowered shares of Artisan Partners Asset Management from a buy rating to a hold rating in a research note on Friday, June 2nd. Finally, Royal Bank Of Canada initiated coverage on shares of Artisan Partners Asset Management in a research note on Thursday, June 29th. They issued an outperform rating and a $34.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $29.56.

Artisan Partners Asset Management (NYSE APAM) traded down 0.47% during mid-day trading on Friday, hitting $31.65. The stock had a trading volume of 313,266 shares. Artisan Partners Asset Management has a one year low of $24.48 and a one year high of $32.20. The company has a 50 day moving average price of $29.04 and a 200-day moving average price of $28.85. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 19.91 and a beta of 1.73.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Thursday, April 27th. The asset manager reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $184.10 million during the quarter, compared to analyst estimates of $182.36 million. Artisan Partners Asset Management had a net margin of 10.47% and a return on equity of 61.99%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 EPS. Equities analysts expect that Artisan Partners Asset Management will post $2.32 earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its stake in Artisan Partners Asset Management by 28.0% in the first quarter. Russell Investments Group Ltd. now owns 203,655 shares of the asset manager’s stock worth $5,621,000 after buying an additional 44,536 shares during the last quarter. Pecaut & CO. acquired a new stake in Artisan Partners Asset Management during the first quarter worth approximately $1,018,000. First Mercantile Trust Co. increased its stake in Artisan Partners Asset Management by 23.1% in the first quarter. First Mercantile Trust Co. now owns 7,723 shares of the asset manager’s stock worth $213,000 after buying an additional 1,451 shares during the last quarter. Fisher Asset Management LLC increased its stake in Artisan Partners Asset Management by 0.9% in the first quarter. Fisher Asset Management LLC now owns 1,836,637 shares of the asset manager’s stock worth $50,691,000 after buying an additional 16,309 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC increased its stake in Artisan Partners Asset Management by 358.8% in the first quarter. Quantitative Systematic Strategies LLC now owns 84,900 shares of the asset manager’s stock worth $2,343,000 after buying an additional 66,396 shares during the last quarter. Institutional investors and hedge funds own 98.20% of the company’s stock.

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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