Brokerages Set Artisan Partners Asset Management Inc. (NYSE:APAM) Price Target at $44.25

Artisan Partners Asset Management Inc. (NYSE:APAM) has been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $44.25.

A number of research analysts recently weighed in on APAM shares. Evercore ISI raised their price target on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “in-line” rating in a research note on Thursday, October 30th. TD Cowen reissued a “hold” rating on shares of Artisan Partners Asset Management in a report on Wednesday, December 10th. Zacks Research lowered Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 9th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research report on Monday, December 29th.

Artisan Partners Asset Management Stock Performance

NYSE:APAM opened at $45.37 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.02 and a current ratio of 1.02. The stock has a market capitalization of $3.66 billion, a PE ratio of 12.40 and a beta of 1.76. Artisan Partners Asset Management has a fifty-two week low of $32.75 and a fifty-two week high of $48.50. The company has a fifty day moving average of $42.48 and a two-hundred day moving average of $44.02.

Institutional Investors Weigh In On Artisan Partners Asset Management

A number of hedge funds have recently modified their holdings of the business. Federated Hermes Inc. raised its holdings in Artisan Partners Asset Management by 132.1% in the 3rd quarter. Federated Hermes Inc. now owns 469,370 shares of the asset manager’s stock valued at $20,371,000 after buying an additional 267,136 shares during the period. Cresset Asset Management LLC purchased a new position in Artisan Partners Asset Management during the second quarter worth about $2,041,000. Ruffer LLP acquired a new stake in shares of Artisan Partners Asset Management during the third quarter valued at about $3,041,000. Allspring Global Investments Holdings LLC increased its position in shares of Artisan Partners Asset Management by 1,213.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 104,213 shares of the asset manager’s stock valued at $4,523,000 after acquiring an additional 96,280 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of Artisan Partners Asset Management by 133.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 25,785 shares of the asset manager’s stock valued at $1,143,000 after acquiring an additional 14,735 shares during the period. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.