Evercore ISI Raises Artisan Partners Asset Management (NYSE:APAM) Price Target to $44.00

Artisan Partners Asset Management (NYSE:APAM) had its target price hoisted by Evercore ISI from $43.00 to $44.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has an “in-line” rating on the asset manager’s stock. Evercore ISI’s price target would suggest a potential upside of 0.74% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. Zacks Research downgraded Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Royal Bank Of Canada boosted their price objective on Artisan Partners Asset Management from $50.00 to $51.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. TD Cowen cut their price objective on Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating on the stock in a report on Monday, September 15th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a report on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $44.25.

Artisan Partners Asset Management Price Performance

NYSE:APAM opened at $43.68 on Thursday. Artisan Partners Asset Management has a 52 week low of $32.75 and a 52 week high of $49.54. The company has a quick ratio of 0.97, a current ratio of 0.75 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $3.53 billion, a P/E ratio of 11.93 and a beta of 1.72. The stock’s fifty day moving average is $44.76 and its two-hundred day moving average is $43.58.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, October 28th. The asset manager reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.05. Artisan Partners Asset Management had a return on equity of 72.14% and a net margin of 22.90%.The company had revenue of $301.30 million for the quarter, compared to the consensus estimate of $300.90 million. During the same quarter in the previous year, the business earned $0.92 earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities analysts expect that Artisan Partners Asset Management will post 3.6 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Chilton Capital Management LLC acquired a new position in Artisan Partners Asset Management during the 3rd quarter worth $28,000. SVB Wealth LLC acquired a new position in Artisan Partners Asset Management during the 1st quarter worth $33,000. Carolina Wealth Advisors LLC acquired a new position in Artisan Partners Asset Management during the 3rd quarter worth $55,000. Atlantic Union Bankshares Corp acquired a new position in Artisan Partners Asset Management during the 2nd quarter worth $57,000. Finally, Farther Finance Advisors LLC grew its stake in Artisan Partners Asset Management by 24.1% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager’s stock worth $57,000 after purchasing an additional 249 shares in the last quarter. 86.45% of the stock is owned by institutional investors and hedge funds.

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.