Royal Bank of Canada Lowers Artisan Partners Asset Management (NYSE:APAM) Price Target to $51.00

Artisan Partners Asset Management (NYSE:APAM) had its target price reduced by stock analysts at Royal Bank of Canada from $53.00 to $51.00 in a report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the asset manager’s stock. Royal Bank of Canada’s price target suggests a potential upside of 13.88% from the stock’s current price.

Several other research analysts have also weighed in on APAM. TD Cowen increased their price objective on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Evercore ISI lifted their price target on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Finally, StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $44.38.

Artisan Partners Asset Management Stock Performance

NYSE:APAM opened at $44.78 on Monday. Artisan Partners Asset Management has a 1-year low of $37.89 and a 1-year high of $49.54. The firm has a 50 day simple moving average of $44.71 and a 200-day simple moving average of $43.65. The firm has a market cap of $3.60 billion, a PE ratio of 12.47 and a beta of 1.81. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.73 and a quick ratio of 0.73.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.08. Artisan Partners Asset Management had a return on equity of 71.50% and a net margin of 23.95%. On average, equities analysts expect that Artisan Partners Asset Management will post 3.47 EPS for the current year.

Institutional Trading of Artisan Partners Asset Management

Several large investors have recently added to or reduced their stakes in APAM. State Street Corp boosted its position in shares of Artisan Partners Asset Management by 1.2% in the third quarter. State Street Corp now owns 2,742,935 shares of the asset manager’s stock worth $118,824,000 after buying an additional 33,723 shares during the period. Charles Schwab Investment Management Inc. grew its position in Artisan Partners Asset Management by 6.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,643,915 shares of the asset manager’s stock valued at $114,534,000 after acquiring an additional 154,536 shares in the last quarter. Wasatch Advisors LP raised its stake in shares of Artisan Partners Asset Management by 25.3% during the third quarter. Wasatch Advisors LP now owns 1,812,080 shares of the asset manager’s stock valued at $78,499,000 after purchasing an additional 365,434 shares during the period. Geode Capital Management LLC boosted its stake in shares of Artisan Partners Asset Management by 4.9% in the third quarter. Geode Capital Management LLC now owns 1,775,314 shares of the asset manager’s stock valued at $76,920,000 after purchasing an additional 82,868 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in Artisan Partners Asset Management by 3.7% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,589,586 shares of the asset manager’s stock valued at $68,432,000 after purchasing an additional 56,190 shares in the last quarter. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Company Profile

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.