Artisan Partners Asset Management Inc. (APAM) Raised to “Buy” at Zacks Investment Research

Artisan Partners Asset Management Inc. (NYSE:APAM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm currently has a $38.00 target price on the asset manager’s stock. Zacks Investment Research‘s price target points to a potential upside of 10.30% from the company’s current price.

According to Zacks, “Artisan Partners Asset Management Inc. is an independent investment management firm that provides a broad range of U.S., non-U.S. and global equity investment strategies. The Company’s manages investments primarily through mutual funds and separate accounts. Its clients include pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. pooled investment vehicles. Artisan Partners Asset Management Inc. is based in Milwaukee, WI United States. “

A number of other equities research analysts have also commented on the company. BidaskClub upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Jefferies Group LLC restated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Friday, August 18th. Royal Bank Of Canada set a $36.00 price target on Artisan Partners Asset Management and gave the stock a “buy” rating in a research report on Tuesday, August 1st. TheStreet upgraded Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research report on Monday, July 17th. Finally, Sidoti upgraded Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a research report on Friday, August 4th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Artisan Partners Asset Management has a consensus rating of “Buy” and a consensus price target of $30.56.

Artisan Partners Asset Management (NYSE:APAM) traded up 1.03% on Tuesday, reaching $34.45. The company had a trading volume of 563,849 shares. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 20.32 and a beta of 1.77. Artisan Partners Asset Management has a one year low of $24.48 and a one year high of $34.90. The company has a 50-day moving average of $31.29 and a 200 day moving average of $30.01.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Monday, July 31st. The asset manager reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.01). Artisan Partners Asset Management had a net margin of 11.37% and a return on equity of 78.75%. The company had revenue of $196.20 million during the quarter, compared to the consensus estimate of $194.25 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities research analysts predict that Artisan Partners Asset Management will post $2.34 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Artisan Partners Asset Management Inc. (APAM) Raised to “Buy” at Zacks Investment Research” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/10/artisan-partners-asset-management-inc-apam-raised-to-buy-at-zacks-investment-research.html.

Large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its stake in shares of Artisan Partners Asset Management by 2.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 71,820 shares of the asset manager’s stock valued at $1,982,000 after purchasing an additional 1,854 shares during the period. Comerica Bank acquired a new position in shares of Artisan Partners Asset Management in the 1st quarter valued at $308,000. Vanguard Group Inc. lifted its stake in shares of Artisan Partners Asset Management by 21.7% in the 1st quarter. Vanguard Group Inc. now owns 3,767,507 shares of the asset manager’s stock valued at $103,983,000 after purchasing an additional 671,858 shares during the period. Bank of America Corp DE lifted its stake in shares of Artisan Partners Asset Management by 1.7% in the 1st quarter. Bank of America Corp DE now owns 666,841 shares of the asset manager’s stock valued at $18,404,000 after purchasing an additional 10,970 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in shares of Artisan Partners Asset Management in the 2nd quarter valued at $1,537,000. 65.63% of the stock is currently owned by hedge funds and other institutional investors.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accou

According to Zacks, “Artisan Partners Asset Management Inc. is an independent investment management firm that provides a broad range of U.S., non-U.S. and global equity investment strategies. The Company’s manages investments primarily through mutual funds and separate accounts. Its clients include pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. pooled investment vehicles. Artisan Partners Asset Management Inc. is based in Milwaukee, WI United States. “

A number of other equities research analysts have also commented on the company. BidaskClub upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Jefferies Group LLC restated a “hold” rating on shares of Artisan Partners Asset Management in a research report on Friday, August 18th. Royal Bank Of Canada set a $36.00 price target on Artisan Partners Asset Management and gave the stock a “buy” rating in a research report on Tuesday, August 1st. TheStreet upgraded Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research report on Monday, July 17th. Finally, Sidoti upgraded Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a research report on Friday, August 4th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Artisan Partners Asset Management has a consensus rating of “Buy” and a consensus price target of $30.56.

Artisan Partners Asset Management (NYSE:APAM) traded up 1.03% on Tuesday, reaching $34.45. The company had a trading volume of 563,849 shares. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 20.32 and a beta of 1.77. Artisan Partners Asset Management has a one year low of $24.48 and a one year high of $34.90. The company has a 50-day moving average of $31.29 and a 200 day moving average of $30.01.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Monday, July 31st. The asset manager reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.01). Artisan Partners Asset Management had a net margin of 11.37% and a return on equity of 78.75%. The company had revenue of $196.20 million during the quarter, compared to the consensus estimate of $194.25 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, equities research analysts predict that Artisan Partners Asset Management will post $2.34 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Artisan Partners Asset Management Inc. (APAM) Raised to “Buy” at Zacks Investment Research” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/10/artisan-partners-asset-management-inc-apam-raised-to-buy-at-zacks-investment-research.html.

Large investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio lifted its stake in shares of Artisan Partners Asset Management by 2.6% in the 1st quarter. Public Employees Retirement System of Ohio now owns 71,820 shares of the asset manager’s stock valued at $1,982,000 after purchasing an additional 1,854 shares during the period. Comerica Bank acquired a new position in shares of Artisan Partners Asset Management in the 1st quarter valued at $308,000. Vanguard Group Inc. lifted its stake in shares of Artisan Partners Asset Management by 21.7% in the 1st quarter. Vanguard Group Inc. now owns 3,767,507 shares of the asset manager’s stock valued at $103,983,000 after purchasing an additional 671,858 shares during the period. Bank of America Corp DE lifted its stake in shares of Artisan Partners Asset Management by 1.7% in the 1st quarter. Bank of America Corp DE now owns 666,841 shares of the asset manager’s stock valued at $18,404,000 after purchasing an additional 10,970 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in shares of Artisan Partners Asset Management in the 2nd quarter valued at $1,537,000. 65.63% of the stock is currently owned by hedge funds and other institutional investors.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.

Analyst Recommendations for Artisan Partners Asset Management (NYSE:APAM)

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