Artisan Partners Asset Management Inc (NYSE:APAM) Downgrade of Rating
Investment analysts at RBC Capital Markets’s equity division cut Artisan Partners Asset Management Inc (NYSE:APAM)’s stock rating from “Outperform” to “Sector Perform” on 25 July.
The company’s rating downgrade was noticed by investors, as NYSE:APAM is right now trading 0.00% lower at $28.46 as of 02:49 New York time. Artisan Partners Asset Management Inc’s stock is down -22.79% over the last 200 days. It has underperformed the S&P500, which has increased 9.85% over the same time.
Out of 7 analysts covering Artisan Partners Asset Management Inc, 2 rate it a Buy, 6 indicate a Hold while 0 suggest a Sell. The highest target is $38 and the lowest is $30 according to Thomson/First Call. The 12-month mean target is $33.14, which means upside potential of 16.44% over the current price.
NYSE:APAM Price Chart & Trend
The stock price of Artisan Partners Asset Management Inc declined 22.79% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Artisan Partners Asset Management Inc is down 6.65% and up 0.6%, respectively. Our stocks momentum model is shown on the price chart below.
Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models
Institutional Ownership
Philadelphia Financial Management Of San Francisco Llc had the most significant stake with ownership of 319,612 shares as of Q2 2015 for 3.46% of the US equity exposure. Bernzott Capital Advisors is another bullish investment manager who is having 322,143 shares of Artisan Partners Asset Management Inc or 3.21% of their US equity exposure. In addition, Kayne Anderson Rudnick Investment Management Llc have 2.51% of their US equity exposure invested in the company for 3.48 million shares. The New York-based fund Global Thematic Partners Llc disclosed it had acquired a stake worth about 1.09% of the investment manager’s stock portfolio in Artisan Partners Asset Management Inc. The California-based fund Osborne Partners Capital Management Llc is also positive about the stock, possessing 1.76 million shares or 0.82% of their US equity exposure.
Artisan Partners Asset Management Inc (NYSE:APAM) Profile
Artisan Partners Asset Management Inc. is an investment management firm focused on providing investment strategies to clients around the global. The Company’s operations are conducted through Artisan Partners Holdings LP and its subsidiaries. It operates in the investment management industry.
Artisan Partners Asset Management Inc (NYSE:APAM) closed at $28.46 yesterday. A total of shares of the company’s stock traded hands. This is down from average of 465,273 shares. Artisan Partners Asset Management Inc has a 52 week low of $23.65 and a 52 week high of $48.39. The company has a market cap of $2.13B and a P/E ratio of 16.14.
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