Artisan Partners Asset Management Inc (NYSE:APAM) has received a consensus rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $29.60.

A number of research analysts have weighed in on APAM shares. Zacks Investment Research raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Tuesday, April 9th. Citigroup raised shares of Artisan Partners Asset Management from a “sell” rating to a “neutral” rating and set a $25.00 target price on the stock in a research note on Monday. Bank of America set a $25.00 target price on shares of Artisan Partners Asset Management and gave the stock a “sell” rating in a research note on Tuesday, April 9th. Finally, ValuEngine raised shares of Artisan Partners Asset Management from a “strong sell” rating to a “sell” rating in a research note on Tuesday, April 9th.

In other news, insider Jason A. Gottlieb sold 10,000 shares of Artisan Partners Asset Management stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $26.18, for a total transaction of $261,800.00. Following the sale, the insider now owns 101,710 shares of the company’s stock, valued at approximately $2,662,767.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 28.23% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Weather Gauge Advisory LLC grew its stake in shares of Artisan Partners Asset Management by 11.2% during the first quarter. Weather Gauge Advisory LLC now owns 115,055 shares of the asset manager’s stock worth $2,896,000 after purchasing an additional 11,606 shares in the last quarter. Raymond James Trust N.A. acquired a new position in Artisan Partners Asset Management during the first quarter worth about $225,000. Sciencast Management LP acquired a new position in Artisan Partners Asset Management during the first quarter worth about $282,000. Mercer Global Advisors Inc. ADV acquired a new position in Artisan Partners Asset Management during the first quarter worth about $241,000. Finally, Legacy Capital Partners Inc. grew its position in Artisan Partners Asset Management by 1.1% during the first quarter. Legacy Capital Partners Inc. now owns 63,905 shares of the asset manager’s stock worth $1,608,000 after buying an additional 700 shares during the period. 63.48% of the stock is currently owned by institutional investors.

APAM traded up $0.13 during trading on Wednesday, reaching $28.10. The company’s stock had a trading volume of 332,282 shares, compared to its average volume of 469,436. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.64 and a quick ratio of 0.64. Artisan Partners Asset Management has a 1 year low of $20.16 and a 1 year high of $35.50. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 9.56, a price-to-earnings-growth ratio of 1.58 and a beta of 1.74.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Monday, February 4th. The asset manager reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.01). Artisan Partners Asset Management had a return on equity of 184.56% and a net margin of 19.10%. The business had revenue of $191.50 million during the quarter, compared to analysts’ expectations of $193.12 million. During the same period last year, the business earned $0.66 earnings per share. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. On average, equities analysts anticipate that Artisan Partners Asset Management will post 2.49 earnings per share for the current fiscal year.

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.

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