Artisan Partners Asset Management Inc. (NYSE:APAM)‘s stock had its “hold” rating reaffirmed by Jefferies Group LLC in a report released on Friday.

Several other analysts have also issued reports on APAM. Keefe, Bruyette & Woods raised Artisan Partners Asset Management from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $30.00 to $33.00 in a report on Monday, May 1st. Zacks Investment Research lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. ValuEngine lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Royal Bank Of Canada began coverage on Artisan Partners Asset Management in a research note on Thursday, June 29th. They issued an “outperform” rating and a $34.00 price objective on the stock. Finally, BidaskClub raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Friday, June 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Artisan Partners Asset Management presently has an average rating of “Hold” and a consensus target price of $29.94.

Shares of Artisan Partners Asset Management (NYSE APAM) traded up 0.68% during midday trading on Friday, hitting $29.55. 82,934 shares of the stock traded hands. The company has a market capitalization of $1.47 billion, a P/E ratio of 17.43 and a beta of 1.75. Artisan Partners Asset Management has a 1-year low of $24.48 and a 1-year high of $33.85. The stock has a 50 day moving average of $31.46 and a 200 day moving average of $29.33.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results 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 company had revenue of $196.20 million for the quarter, compared to analyst estimates of $194.25 million. Artisan Partners Asset Management had a return on equity of 78.75% and a net margin of 11.37%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the company posted $0.53 earnings per share. Equities research analysts predict that Artisan Partners Asset Management will post $2.34 earnings per share for the current fiscal year.

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Several hedge funds have recently made changes to their positions in APAM. UBS Asset Management Americas Inc. increased its position in shares of Artisan Partners Asset Management by 61.9% in the first quarter. UBS Asset Management Americas Inc. now owns 27,197 shares of the asset manager’s stock worth $751,000 after buying an additional 10,395 shares during the period. Comerica Bank bought a new position in shares of Artisan Partners Asset Management during the first quarter worth about $308,000. Bank of New York Mellon Corp increased its position in shares of Artisan Partners Asset Management by 14.1% in the first quarter. Bank of New York Mellon Corp now owns 655,986 shares of the asset manager’s stock worth $18,105,000 after buying an additional 80,938 shares during the period. Bbva Compass Bancshares Inc. increased its position in shares of Artisan Partners Asset Management by 15.0% in the first quarter. Bbva Compass Bancshares Inc. now owns 18,074 shares of the asset manager’s stock worth $499,000 after buying an additional 2,355 shares during the period. Finally, Greatmark Investment Partners Inc. increased its position in shares of Artisan Partners Asset Management by 7.3% in the first quarter. Greatmark Investment Partners Inc. now owns 39,375 shares of the asset manager’s stock worth $1,087,000 after buying an additional 2,675 shares during the period. 96.53% 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.

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

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