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

Artisan Partners Asset Management (NYSE:APAM) issued its earnings results on Tuesday. The asset manager reported $1.05 earnings per share (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 Stock Up 2.4 %

Shares of NYSE:APAM traded up $1.05 during midday trading on Tuesday, hitting $44.78. 837,402 shares of the stock were exchanged, compared to its average volume of 448,609. The company has a market capitalization of $3.60 billion, a PE ratio of 12.47 and a beta of 1.81. Artisan Partners Asset Management has a 52-week low of $37.89 and a 52-week high of $49.54. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. The business’s fifty day simple moving average is $44.78 and its two-hundred day simple moving average is $43.64.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on APAM shares. TD Cowen lifted their price target on Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Royal Bank of Canada reduced their price target on shares of 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 shares of 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 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, the stock currently has an average rating of “Hold” and an average price target 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.