The Goldman Sachs Group Lowers Artisan Partners Asset Management (NYSE:APAM) Price Target to $34.00

Key Points

• The Goldman Sachs Group cut its price target on Artisan Partners from $39 to $34 and assigned a sell rating, implying roughly a 4.8% downside from the prior close.
• Artisan reported a quarterly EPS of $1.26 (vs. $1.11 expected) and revenue of $335.5M, up 13% year-over-year, with strong profitability metrics (net margin ~24% and ROE ~73.7%).
• Consensus remains a Hold (one Buy, five Holds, one Sell) with a mean target of $42; the stock trades near $35.71 (market cap ≈ $2.9B) and is close to its 52‑week low of $33.21.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) had its price objective reduced by The Goldman Sachs Group from $39.00 to $34.00 in a report released on Tuesday,Benzinga reports. The firm currently has a "sell" rating on the asset manager's stock. The Goldman Sachs Group's price objective would indicate a potential downside of 4.79% from the stock's previous close.

A number of other research analysts have also issued reports on the stock. Zacks Research lowered shares of Artisan Partners Asset Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, December 9th. Wall Street Zen upgraded shares of Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research note on Saturday, February 28th. Weiss Ratings lowered shares of Artisan Partners Asset Management from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, March 20th. Royal Bank Of Canada lowered their target price on shares of Artisan Partners Asset Management from $51.00 to $50.00 and set an "outperform" rating on the stock in a research note on Friday, February 6th. Finally, TD Cowen reiterated a "hold" rating on shares of Artisan Partners Asset Management in a research note on Wednesday, December 10th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $42.00.

Artisan Partners Asset Management Stock Down 1.3%

Shares of Artisan Partners Asset Management stock traded down $0.47 during midday trading on Tuesday, reaching $35.71. 914,495 shares of the company's stock traded hands, compared to its average volume of 686,512. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 8.92 and a beta of 1.76. The company's 50 day simple moving average is $39.78 and its 200 day simple moving average is $41.81. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 0.91. Artisan Partners Asset Management has a 52 week low of $33.21 and a 52 week high of $48.50.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last released its quarterly earnings results on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share for the quarter, beating analysts' consensus estimates of $1.11 by $0.15. The business had revenue of $335.51 million for the quarter, compared to the consensus estimate of $322.13 million. Artisan Partners Asset Management had a net margin of 24.26% and a return on equity of 73.73%. Artisan Partners Asset Management's revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 EPS. Equities analysts expect that Artisan Partners Asset Management will post 3.6 earnings per share for the current fiscal year.

Institutional Trading of Artisan Partners Asset Management

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Federated Hermes Inc. grew its position in Artisan Partners Asset Management by 132.1% in the 3rd quarter. Federated Hermes Inc. now owns 469,370 shares of the asset manager's stock worth $20,371,000 after purchasing an additional 267,136 shares during the last quarter. Principal Financial Group Inc. grew its position in Artisan Partners Asset Management by 18.5% in the 3rd quarter. Principal Financial Group Inc. now owns 413,389 shares of the asset manager's stock worth $17,941,000 after purchasing an additional 64,625 shares during the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in Artisan Partners Asset Management in the 3rd quarter worth $1,613,000. Ruffer LLP acquired a new stake in Artisan Partners Asset Management in the 3rd quarter worth $3,041,000. Finally, Cresset Asset Management LLC acquired a new stake in Artisan Partners Asset Management in the 2nd quarter worth $2,041,000. 86.45% of the stock is currently owned by institutional investors and hedge funds.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.

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