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Artisan Partners Asset Management (APAM) Issues Earnings Results - Stock Observer

Artisan Partners Asset Management (NYSE:APAM) released its earnings results on Tuesday. The asset manager reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55, Briefing.com reports. Artisan Partners Asset Management had a net margin of 19.10% and a return on equity of 184.56%. The company had revenue of $187.00 million for the quarter, compared to the consensus estimate of $186.26 million. During the same period in the prior year, the company posted $0.78 EPS. The company’s revenue was down 11.8% compared to the same quarter last year.

Artisan Partners Asset Management stock traded up $0.01 during trading on Wednesday, hitting $28.35. 554,853 shares of the company were exchanged, compared to its average volume of 480,798. Artisan Partners Asset Management has a 52 week low of $20.16 and a 52 week high of $35.50. The company has a market capitalization of $2.20 billion, a P/E ratio of 9.64, a price-to-earnings-growth ratio of 1.63 and a beta of 1.74. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.42.

Get Artisan Partners Asset Management alerts: In other Artisan Partners Asset Management news, insider Jason A. Gottlieb sold 10,000 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $26.18, for a total value of $261,800.00. Following the completion of the transaction, the insider now owns 101,710 shares in the company, valued at approximately $2,662,767.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Corporate insiders own 28.23% of the company’s stock.

A number of research analysts have issued reports on the company. TheStreet upgraded Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research report on Monday, April 15th. Citigroup raised Artisan Partners Asset Management from a “sell” rating to a “neutral” rating and set a $25.00 price objective on the stock in a research note on Monday, April 15th. Bank of America set a $25.00 price objective on Artisan Partners Asset Management and gave the stock a “sell” rating in a research note on Tuesday, April 9th. Zacks Investment Research raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, April 9th. Finally, ValuEngine raised Artisan Partners Asset Management from a “strong sell” rating to a “sell” rating in a research note on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Artisan Partners Asset Management has a consensus rating of “Hold” and a consensus price target of $29.60.

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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.

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