Artisan Partners Asset Management (NYSE:APAM) Given New $51.00 Price Target at Royal Bank of Canada

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) had its target price cut by stock analysts at Royal Bank of Canada from $53.00 to $51.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the asset manager's stock. Royal Bank of Canada's price objective indicates a potential upside of 13.71% from the company's previous close.

Several other equities analysts have also recently issued reports on APAM. Evercore ISI boosted their target price on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an "in-line" rating in a research note on Thursday, November 7th. TD Cowen upped 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 research report on Thursday, October 31st. Finally, StockNews.com upgraded Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Artisan Partners Asset Management has an average rating of "Hold" and an average price target of $44.38.

Artisan Partners Asset Management Stock Performance

NYSE:APAM traded up $0.05 during mid-day trading on Monday, hitting $44.85. The company's stock had a trading volume of 508,436 shares, compared to its average volume of 477,493. The business's fifty day moving average is $44.56 and its two-hundred day moving average is $43.67. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 12.49 and a beta of 1.81. Artisan Partners Asset Management has a 1 year low of $37.89 and a 1 year high of $49.54. 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 - Get Free Report) last posted its earnings results on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, topping the consensus estimate 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%. Analysts anticipate that Artisan Partners Asset Management will post 3.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in Artisan Partners Asset Management during the 4th quarter worth approximately $20,607,000. Aigen Investment Management LP purchased a new stake in shares of Artisan Partners Asset Management during the fourth quarter worth approximately $361,000. Atria Investments Inc raised its stake in Artisan Partners Asset Management by 11.4% in the 4th quarter. Atria Investments Inc now owns 20,050 shares of the asset manager's stock valued at $863,000 after purchasing an additional 2,057 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Artisan Partners Asset Management by 6.0% in the 4th quarter. Victory Capital Management Inc. now owns 1,189,165 shares of the asset manager's stock valued at $51,194,000 after purchasing an additional 67,079 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Artisan Partners Asset Management by 4.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,772,632 shares of the asset manager's stock worth $119,362,000 after purchasing an additional 128,717 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.