Artisan Partners Asset Management (NYSE:APAM) Price Target Cut to $35.00 by Analysts at TD Cowen

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) had its target price cut by equities researchers at TD Cowen from $46.00 to $35.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "hold" rating on the asset manager's stock. TD Cowen's price target would suggest a potential downside of 2.07% from the stock's previous close.

Other research analysts have also recently issued reports about the company. StockNews.com cut Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Royal Bank of Canada cut their target price on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating for the company in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $39.63.

Artisan Partners Asset Management Stock Up 0.8 %

Shares of NYSE APAM traded up $0.27 during mid-day trading on Wednesday, hitting $35.74. 461,868 shares of the stock traded hands, compared to its average volume of 460,267. The stock has a fifty day moving average price of $40.75 and a 200-day moving average price of $43.47. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 9.82 and a beta of 1.80. Artisan Partners Asset Management has a 52 week low of $32.75 and a 52 week high of $49.54.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.08. Artisan Partners Asset Management had a net margin of 23.36% and a return on equity of 74.02%. Research analysts anticipate that Artisan Partners Asset Management will post 3.6 EPS for the current year.

Hedge Funds Weigh In On Artisan Partners Asset Management

A number of large investors have recently bought and sold shares of the business. Range Financial Group LLC increased its stake in Artisan Partners Asset Management by 7.1% during the 1st quarter. Range Financial Group LLC now owns 10,561 shares of the asset manager's stock valued at $413,000 after purchasing an additional 696 shares in the last quarter. First Citizens Bank & Trust Co. purchased a new position in Artisan Partners Asset Management in the 1st quarter worth approximately $275,000. RDA Financial Network increased its position in Artisan Partners Asset Management by 5.9% during the first quarter. RDA Financial Network now owns 9,129 shares of the asset manager's stock worth $357,000 after purchasing an additional 510 shares during the last quarter. Impact Capital Partners LLC increased its position in shares of Artisan Partners Asset Management by 8.2% during the 1st quarter. Impact Capital Partners LLC now owns 11,164 shares of the asset manager's stock worth $437,000 after purchasing an additional 850 shares during the last quarter. Finally, Salvus Wealth Management LLC acquired a new stake in Artisan Partners Asset Management in the 1st quarter valued at approximately $207,000. Hedge funds and other institutional investors 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.