Artisan Partners Asset Management (NYSE:APAM) Rating Lowered to Strong Sell at Zacks Research

Artisan Partners Asset Management (NYSE:APAM) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

APAM has been the topic of several other research reports. TD Cowen reiterated a “hold” rating on shares of Artisan Partners Asset Management in a report on Thursday, April 9th. Evercore set a $37.00 price objective on shares of Artisan Partners Asset Management in a research report on Friday, April 10th. Wall Street Zen downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $48.00 target price on shares of Artisan Partners Asset Management in a report on Tuesday. Finally, Weiss Ratings cut shares of Artisan Partners Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 20th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $40.20.

Artisan Partners Asset Management Price Performance

NYSE:APAM opened at $38.43 on Tuesday. Artisan Partners Asset Management has a one year low of $34.99 and a one year high of $48.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $3.10 billion, a PE ratio of 9.58 and a beta of 1.76. The stock has a 50 day moving average price of $38.01 and a 200 day moving average price of $41.26.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.15. The company had revenue of $335.51 million for the quarter, compared to analyst estimates of $322.13 million. Artisan Partners Asset Management had a return on equity of 73.73% and a net margin of 24.26%.The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.05 earnings per share. Equities research analysts expect that Artisan Partners Asset Management will post 3.96 EPS for the current fiscal year.

Institutional Trading of Artisan Partners Asset Management

Institutional investors and hedge funds have recently bought and sold shares of the stock. MeadowBrook Investment Advisors LLC lifted its position in Artisan Partners Asset Management by 7.0% in the first quarter. MeadowBrook Investment Advisors LLC now owns 9,206 shares of the asset manager’s stock valued at $335,000 after buying an additional 600 shares during the last quarter. Pictet Asset Management Holding SA increased its position in shares of Artisan Partners Asset Management by 11.1% during the first quarter. Pictet Asset Management Holding SA now owns 11,254 shares of the asset manager’s stock valued at $410,000 after acquiring an additional 1,123 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Artisan Partners Asset Management during the first quarter valued at about $1,135,000. Vaughan Nelson Investment Management L.P. raised its stake in shares of Artisan Partners Asset Management by 12.6% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,587,946 shares of the asset manager’s stock valued at $94,175,000 after acquiring an additional 289,105 shares during the period. Finally, Corient Private Wealth LLC raised its stake in shares of Artisan Partners Asset Management by 170.8% in the 4th quarter. Corient Private Wealth LLC now owns 16,219 shares of the asset manager’s stock valued at $661,000 after acquiring an additional 10,230 shares during the period. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.