Artisan Partners Asset Management Inc. (APAM) Given a $36.00 Price Target by Royal Bank Of Canada Analysts

Artisan Partners Asset Management Inc. (NYSE:APAM) has been given a $36.00 target price by investment analysts at Royal Bank Of Canada in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the asset manager’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 1.69% from the stock’s current price.

A number of other brokerages have also recently commented on APAM. Zacks Investment Research upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Tuesday, October 10th. Keefe, Bruyette & Woods cut shares of Artisan Partners Asset Management from an “outperform” rating to a “market perform” rating and increased their target price for the company from $32.00 to $33.00 in a research report on Wednesday, August 2nd. BidaskClub cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. TheStreet upgraded shares of Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research report on Monday, July 17th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $32.00 target price on shares of Artisan Partners Asset Management in a research report on Friday, July 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Artisan Partners Asset Management has a consensus rating of “Buy” and a consensus target price of $30.56.

Shares of Artisan Partners Asset Management (NYSE APAM) opened at 35.40 on Wednesday. The company has a market capitalization of $1.76 billion, a P/E ratio of 20.88 and a beta of 1.77. The stock has a 50 day moving average of $32.29 and a 200-day moving average of $30.35. Artisan Partners Asset Management has a 12-month low of $24.48 and a 12-month high of $35.75.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Monday, July 31st. The asset manager reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.01). The business had revenue of $196.20 million during the quarter, compared to analyst estimates of $194.25 million. Artisan Partners Asset Management had a net margin of 11.37% and a return on equity of 78.75%. Artisan Partners Asset Management’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. Equities research analysts forecast that Artisan Partners Asset Management will post $2.36 EPS for the current year.

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Institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio increased its position in Artisan Partners Asset Management by 2.6% during the first quarter. Public Employees Retirement System of Ohio now owns 71,820 shares of the asset manager’s stock worth $1,982,000 after purchasing an additional 1,854 shares during the last quarter. Comerica Bank acquired a new stake in Artisan Partners Asset Management during the first quarter worth about $308,000. Vanguard Group Inc. increased its position in Artisan Partners Asset Management by 21.7% during the first quarter. Vanguard Group Inc. now owns 3,767,507 shares of the asset manager’s stock worth $103,983,000 after purchasing an additional 671,858 shares during the last quarter. Bank of America Corp DE increased its position in Artisan Partners Asset Management by 1.7% during the first quarter. Bank of America Corp DE now owns 666,841 shares of the asset manager’s stock worth $18,404,000 after purchasing an additional 10,970 shares during the last quarter. Finally, Marshall Wace North America L.P. acquired a new stake in Artisan Partners Asset Management during the second quarter worth about $1,537,000. Hedge funds and other institutional investors own 65.63% of the company’s stock.

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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