Artisan Partners Asset Management (NYSE:APAM) Stock Rating Downgraded by StockNews.com

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Artisan Partners Asset Management (NYSE:APAM – Get a rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report published on Tuesday.

A number of other research analysts have also weighed in on APAM recently. Goldman Sachs Group has upgraded 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 research report from the Tuesday, January 4. Evercore ISI began covering Artisan Partners Asset Management in a research report on Wednesday, December 22. They issued an “in-line” rating and a price target of $48.00 for the company. Five investment analysts gave the stock a hold rating and two gave the stock a buy rating. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $51.43.

NYSE: APAM opened at $39.48 on Tuesday. The company has a fifty-day simple moving average of $38.98. The stock has a market capitalization of $3.12 billion, a PE ratio of 7.79 and a beta of 1.77. 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 has a 1-year low of $33.93 and a 1-year high of $57.65.

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Artisan Partners Asset Management (NYSE:APAM – Get 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 $1.25 by $0.04. Artisan Partners Asset Management achieved a return on equity of 157.99% and a net margin of 27.42%. The company posted revenue of $315.00 million in the quarter, compared to $315.87 million expected by analysts. In the same quarter last year, the company posted earnings per share of $1.06. The company’s revenue for the quarter increased 20.6% year over year. Sell-side analysts expect Artisan Partners Asset Management to post EPS of 4.03 for the current fiscal year.

A number of large investors have recently changed their holdings in the company. First Horizon Advisors Inc. increased its stake in shares of Artisan Partners Asset Management by 1,688.0% in Q3. First Horizon Advisors Inc. now owns 447 shares of the asset manager worth $33,000 after buying an additional 422 shares last quarter. CWM LLC acquired a new stock position in Artisan Partners Asset Management in Q4 worth approximately $31,000. MUFG Americas Holdings Corp acquired a new stock position in Artisan Partners Asset Management in Q3, valued at around $35,000. Meeder Asset Management Inc. acquired a new position in shares of Artisan Partners Asset Management in Q3 valued at around $40,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stock position in Artisan Partners Asset Management in Q3 valued at around $45,000. 68.45% of the shares are currently held by hedge funds and other institutional investors.

About Artisan Partners Asset Management (Get a rating)

Artisan Partners Asset Management, Inc operates as an investment management company, providing 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.

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