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

Artisan Partners Asset Management (NYSE:APAM) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

Separately, Royal Bank of Canada decreased their price objective on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.38.

Artisan Partners Asset Management Price Performance

Shares of APAM stock traded down $0.68 on Monday, reaching $42.40. The company’s stock had a trading volume of 714,698 shares, compared to its average volume of 492,544. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. Artisan Partners Asset Management has a 12-month low of $37.89 and a 12-month high of $49.54. The company has a market capitalization of $3.41 billion, a P/E ratio of 11.65 and a beta of 1.83. The stock’s 50 day simple moving average is $43.13 and its 200-day simple moving average is $44.02.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.08. Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%. As a group, equities analysts predict that Artisan Partners Asset Management will post 3.6 earnings per share for the current fiscal year.

Institutional Trading of Artisan Partners Asset Management

Several large investors have recently bought and sold shares of APAM. Raymond James Financial Inc. bought a new stake in Artisan Partners Asset Management during the 4th quarter valued at approximately $20,607,000. Wasatch Advisors LP boosted its position in Artisan Partners Asset Management by 25.3% during the 3rd quarter. Wasatch Advisors LP now owns 1,812,080 shares of the asset manager’s stock valued at $78,499,000 after acquiring an additional 365,434 shares in the last quarter. Channing Capital Management LLC boosted its position in Artisan Partners Asset Management by 14.5% during the 4th quarter. Channing Capital Management LLC now owns 1,770,526 shares of the asset manager’s stock valued at $76,221,000 after acquiring an additional 224,455 shares in the last quarter. Millennium Management LLC boosted its position in Artisan Partners Asset Management by 98.2% during the 4th quarter. Millennium Management LLC now owns 439,057 shares of the asset manager’s stock valued at $18,901,000 after acquiring an additional 217,552 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in Artisan Partners Asset Management by 22.0% during the 3rd quarter. Victory Capital Management Inc. now owns 1,122,086 shares of the asset manager’s stock valued at $48,609,000 after acquiring an additional 202,074 shares in the last quarter. 86.45% of the stock is owned by institutional investors.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.