Artisan Partners Asset Management (NYSE:APAM) Posts Earnings Results, Beats Expectations By $0.08 EPS

Artisan Partners Asset Management (NYSE:APAM) announced its quarterly earnings data on Tuesday. The asset manager reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.08, Zacks reports. Artisan Partners Asset Management had a return on equity of 71.50% and a net margin of 23.95%.

Artisan Partners Asset Management Trading Up 2.4 %

APAM traded up $1.05 during midday trading on Tuesday, reaching $44.78. 837,402 shares of the company were exchanged, compared to its average volume of 448,609. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. Artisan Partners Asset Management has a one year low of $37.89 and a one year high of $49.54. The stock has a market capitalization of $3.60 billion, a P/E ratio of 12.47 and a beta of 1.81. The stock’s 50-day simple moving average is $44.78 and its 200 day simple moving average is $43.64.

Wall Street Analyst Weigh In

A number of analysts recently commented on APAM shares. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Tuesday, November 5th. TD Cowen lifted their price objective on Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Royal Bank of Canada lowered their price objective on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating for the company in a research report on Monday. Finally, Evercore ISI lifted their price objective on Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Artisan Partners Asset Management presently has a consensus rating of “Hold” and an average target price of $44.38.

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.