Artisan Partners Asset Management (NYSE:APAM) Upgraded by StockNews.com to Buy

StockNews.com upgraded shares of Artisan Partners Asset Management (NYSE:APAM) from a hold rating to a buy rating in a report released on Wednesday morning.

A number of other equities analysts have also weighed in on APAM. TD Cowen boosted their price objective on shares of Artisan Partners Asset Management from $38.00 to $39.00 and gave the company a “hold” rating in a research report on Thursday, July 25th. Royal Bank of Canada reiterated an “outperform” rating and issued a $50.00 price target on shares of Artisan Partners Asset Management in a report on Monday, July 29th. Finally, The Goldman Sachs Group reduced their price target on Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating on the stock in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Artisan Partners Asset Management currently has a consensus rating of “Hold” and an average target price of $42.83.

Artisan Partners Asset Management Trading Up 0.4 %

Shares of APAM stock opened at $43.65 on Wednesday. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 13.31 and a beta of 1.79. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $42.35 and a 200 day moving average price of $42.23. Artisan Partners Asset Management has a twelve month low of $32.12 and a twelve month high of $47.08.

Institutional Investors Weigh In On Artisan Partners Asset Management

A number of institutional investors have recently bought and sold shares of APAM. Hexagon Capital Partners LLC raised its stake in Artisan Partners Asset Management by 41.8% during the third quarter. Hexagon Capital Partners LLC now owns 1,004 shares of the asset manager’s stock worth $43,000 after purchasing an additional 296 shares during the period. Caprock Group LLC raised its position in shares of Artisan Partners Asset Management by 3.7% in the 2nd quarter. Caprock Group LLC now owns 8,255 shares of the asset manager’s stock worth $341,000 after buying an additional 297 shares during the period. Morse Asset Management Inc boosted its holdings in Artisan Partners Asset Management by 3.0% in the second quarter. Morse Asset Management Inc now owns 10,435 shares of the asset manager’s stock valued at $431,000 after acquiring an additional 300 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in Artisan Partners Asset Management by 19.0% in the first quarter. Sound Income Strategies LLC now owns 2,064 shares of the asset manager’s stock valued at $94,000 after acquiring an additional 329 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Artisan Partners Asset Management by 81.5% during the second quarter. GAMMA Investing LLC now owns 775 shares of the asset manager’s stock valued at $32,000 after acquiring an additional 348 shares during the period. 86.45% 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 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.