Stock Mover of The Day: Artisan Partners Asset Management Inc Has Another Very Strong Trading Session

Stock Mover of The Day: Artisan Partners Asset Management Inc Has Another Very Strong Trading Session

The stock of Artisan Partners Asset Management Inc (NYSE:APAM) is a huge mover today! About 207,675 shares traded hands. Artisan Partners Asset Management Inc (NYSE:APAM) has declined 4.16% since February 29, 2016 and is downtrending. It has underperformed by 16.37% the S&P500.
The move comes after 8 months positive chart setup for the $2.14B company. It was reported on Oct, 3 by Barchart.com. We have $45.12 PT which if reached, will make NYSE:APAM worth $1.28 billion more.

Analysts await Artisan Partners Asset Management Inc (NYSE:APAM) to report earnings on October, 24. They expect $0.54 earnings per share, down 1.82% or $0.01 from last year’s $0.55 per share. APAM’s profit will be $40.98M for 13.06 P/E if the $0.54 EPS becomes a reality. After $0.53 actual earnings per share reported by Artisan Partners Asset Management Inc for the previous quarter, Wall Street now forecasts 1.89% EPS growth.

Artisan Partners Asset Management Inc (NYSE:APAM) Ratings Coverage

Out of 7 analysts covering Artisan Partners Asset Management Inc (NYSE:APAM), 1 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 14% are positive. Artisan Partners Asset Management Inc has been the topic of 24 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Goldman Sachs downgraded the shares of APAM in a report on Monday, January 11 to “Neutral” rating. The stock of Artisan Partners Asset Management Inc (NYSE:APAM) earned “Buy” rating by Jefferies on Wednesday, October 7. The stock has “Hold” rating given by Jefferies on Monday, January 11. The firm has “Outperform” rating given on Wednesday, November 25 by Credit Suisse. The company was maintained on Tuesday, October 27 by RBC Capital Markets. The firm has “Hold” rating given on Monday, July 11 by Jefferies. The firm earned “Neutral” rating on Thursday, September 10 by Citigroup. Credit Suisse upgraded Artisan Partners Asset Management Inc (NYSE:APAM) rating on Tuesday, July 21. Credit Suisse has “Outperform” rating and $57 price target. The stock of Artisan Partners Asset Management Inc (NYSE:APAM) earned “Sell” rating by Citigroup on Tuesday, December 15. The rating was upgraded by Citigroup on Thursday, February 11 to “Neutral”.

According to Zacks Investment Research, “Artisan Partners Asset Management Inc. is an independent investment management firm that provides a broad range of U.S., non-U.S. and global equity investment strategies. The Company’s manages investments primarily through mutual funds and separate accounts. Its clients include pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. pooled investment vehicles. Artisan Partners Asset Management Inc. is based in Milwaukee, WI United States.”

Insitutional Activity: The institutional sentiment increased to 1.69 in Q2 2016. Its up 0.46, from 1.23 in 2016Q1. The ratio is positive, as 18 funds sold all Artisan Partners Asset Management Inc shares owned while 37 reduced positions. 24 funds bought stakes while 69 increased positions. They now own 40.07 million shares or 0.27% more from 39.96 million shares in 2016Q1.
High Point Bank & Trust Communication last reported 211 shares in the company. Teacher Retirement System Of Texas has 0% invested in the company for 5,412 shares. Hsbc Holdg Plc accumulated 11,372 shares or 0% of the stock. Credit Suisse Ag has 0% invested in the company for 129,786 shares. Menta Cap Limited Liability Company accumulated 0.29% or 75,770 shares. Fisher Asset Mngmt Lc reported 1.86M shares or 0.1% of all its holdings. Kayne Anderson Rudnick Investment Management Lc has invested 1.7% of its portfolio in Artisan Partners Asset Management Inc (NYSE:APAM). Ubs Asset Americas Inc accumulated 0% or 23,761 shares. Sei holds 0.03% or 199,774 shares in its portfolio. Citadel Ltd Liability Corp last reported 84,628 shares in the company. The New York-based X Comm Ltd Liability Corporation has invested 0.35% in Artisan Partners Asset Management Inc (NYSE:APAM). First Mercantile Tru Communications has 0.05% invested in the company for 15,784 shares. Nomura holds 0% of its portfolio in Artisan Partners Asset Management Inc (NYSE:APAM) for 700 shares. Loomis Sayles And Company L P reported 548,636 shares or 0.04% of all its holdings. The New York-based Clinton Group has invested 0.05% in Artisan Partners Asset Management Inc (NYSE:APAM).

More notable recent Artisan Partners Asset Management Inc (NYSE:APAM) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Simon Property Group, Artisan Partners Asset Management …” on August 11, 2016, also Reuters.com with their article: “BRIEF-Artisan Partners Asset Management Inc Reports July 2016 assets under…” published on August 09, 2016, Globenewswire.com published: “Artisan Partners Asset Management Inc. Reports 2Q16 Results” on July 25, 2016. More interesting news about Artisan Partners Asset Management Inc (NYSE:APAM) were released by: Businesswire.com and their article: “Artisan Partners Asset Management Inc. Reports 1Q16 Results” published on April 25, 2016 as well as Bizjournals.com‘s news article titled: “Artisan Partners executive vice president Dean Patenaude dies of stroke” with publication date: September 14, 2016.

APAM Company Profile

Artisan Partners Asset Management Inc., incorporated on October 25, 2012, is an investment management firm focused on providing investment strategies to clients around the global. The Company’s activities are conducted through Artisan Partners Holdings LP and its subsidiaries. It operates in the investment management industry. The Firm provides investment management services to separate accounts and mutual funds, and other pooled investment vehicles. The Firm has over seven autonomous investment teams that manage a range of the United States, non-United States and global investment strategies. The Firm provides its clients with multiple long-only, equity investment strategies spanning market capitalization divisions and investing styles in both the United States and non-United States markets. It also offers a fixed income strategy, the Artisan High Income strategy.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment