Artisan Partners Asset Management (NYSE:APAM) Stock Rating Reaffirmed by Royal Bank of Canada

Artisan Partners Asset Management (NYSE:APAM)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank of Canada in a report issued on Monday, Benzinga reports. They presently have a $50.00 price objective on the asset manager’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 15.07% from the stock’s current price.

APAM has been the subject of several other research reports. TD Cowen boosted their price target on shares of Artisan Partners Asset Management from $38.00 to $39.00 and gave the stock a “hold” rating in a report on Thursday. StockNews.com cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Friday.

Artisan Partners Asset Management Stock Performance

Shares of NYSE:APAM traded down $0.26 during trading on Monday, hitting $43.45. 19,586 shares of the stock traded hands, compared to its average volume of 458,993. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 13.25 and a beta of 1.81. The company has a fifty day moving average price of $42.13 and a two-hundred day moving average price of $42.84. The company has a quick ratio of 0.64, a current ratio of 0.56 and a debt-to-equity ratio of 0.54. Artisan Partners Asset Management has a 52-week low of $32.12 and a 52-week high of $46.75.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, July 23rd. The asset manager reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.05). The company had revenue of $270.80 million during the quarter, compared to analysts’ expectations of $274.70 million. Artisan Partners Asset Management had a return on equity of 71.76% and a net margin of 22.75%. Artisan Partners Asset Management’s revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. As a group, equities analysts predict that Artisan Partners Asset Management will post 3.41 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of APAM. Integrated Investment Consultants LLC boosted its position in shares of Artisan Partners Asset Management by 12.0% during the 4th quarter. Integrated Investment Consultants LLC now owns 11,019 shares of the asset manager’s stock valued at $487,000 after acquiring an additional 1,181 shares during the last quarter. Private Trust Co. NA boosted its position in shares of Artisan Partners Asset Management by 77.9% during the 4th quarter. Private Trust Co. NA now owns 1,192 shares of the asset manager’s stock valued at $53,000 after acquiring an additional 522 shares during the last quarter. Allworth Financial LP boosted its position in shares of Artisan Partners Asset Management by 716.0% during the 4th quarter. Allworth Financial LP now owns 612 shares of the asset manager’s stock valued at $27,000 after acquiring an additional 537 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Artisan Partners Asset Management by 7.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,225 shares of the asset manager’s stock valued at $1,645,000 after acquiring an additional 2,447 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of Artisan Partners Asset Management by 29.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 934,546 shares of the asset manager’s stock valued at $41,288,000 after acquiring an additional 211,965 shares during the last quarter. Institutional investors and hedge funds own 86.45% of the company’s stock.

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.