Press coverage about Artisan Partners Asset (NYSE:APAM) has been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Artisan Partners Asset earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the asset manager an impact score of 46.5227113458881 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of APAM stock traded down $0.70 during trading hours on Friday, hitting $32.15. 423,748 shares of the company’s stock traded hands, compared to its average volume of 283,204. The company has a market capitalization of $2,475.36, a P/E ratio of 13.34, a PEG ratio of 0.74 and a beta of 1.72. Artisan Partners Asset has a 12 month low of $26.70 and a 12 month high of $41.45. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.63 and a current ratio of 0.63.
Artisan Partners Asset (NYSE:APAM) last released its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.02). Artisan Partners Asset had a net margin of 6.23% and a return on equity of 119.11%. The business had revenue of $210.70 million for the quarter, compared to the consensus estimate of $211.23 million. During the same period in the previous year, the business posted $0.53 EPS. Artisan Partners Asset’s revenue was up 16.1% on a year-over-year basis. sell-side analysts forecast that Artisan Partners Asset will post 3.17 earnings per share for the current fiscal year.
Several equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Artisan Partners Asset from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Royal Bank of Canada set a $46.00 price target on shares of Artisan Partners Asset and gave the company a “buy” rating in a research note on Wednesday, February 7th. Bank of America dropped their price target on shares of Artisan Partners Asset from $38.00 to $36.00 and set an “underperform” rating for the company in a research note on Thursday, February 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $40.00 price target on shares of Artisan Partners Asset in a research note on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $38.60.
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About Artisan Partners Asset
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.
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