The stock of Artisan Partners Asset Management Inc (NYSE:APAM) is a huge mover today! The stock decreased 3.73% or $0.95 during the last trading session, hitting $24.55. About 504,855 shares traded hands or 17.77% up from the average. Artisan Partners Asset Management Inc (NYSE:APAM) has declined 15.39% since April 6, 2016 and is downtrending. It has underperformed by 17.35% the S&P500.
The move comes after 9 months negative chart setup for the $1.87 billion company. It was reported on Nov, 8 by Barchart.com. We have $23.08 PT which if reached, will make NYSE:APAM worth $112.20 million less.
Artisan Partners Asset Management Inc (NYSE:APAM) Ratings Coverage
Out of 7 analysts covering Artisan Partners Asset Management Inc (NYSE:APAM), 1 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 14% are positive. Artisan Partners Asset Management Inc has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Wednesday, October 7 the stock rating was maintained by Jefferies with “Buy”. As per Thursday, September 3, the company rating was maintained by Wood. The firm has “Neutral” rating by Goldman Sachs given on Monday, January 11. Citigroup upgraded the stock to “Neutral” rating in Thursday, February 11 report. Wood maintained the shares of APAM in a report on Friday, October 14 with “Market Perform” rating. The firm earned “Neutral” rating on Tuesday, October 27 by Goldman Sachs. The stock of Artisan Partners Asset Management Inc (NYSE:APAM) has “Outperform” rating given on Tuesday, October 27 by RBC Capital Markets. The stock of Artisan Partners Asset Management Inc (NYSE:APAM) has “Hold” rating given on Monday, July 11 by Jefferies. Jefferies downgraded the shares of APAM in a report on Monday, January 11 to “Hold” rating. The stock of Artisan Partners Asset Management Inc (NYSE:APAM) has “Neutral” rating given on Friday, July 15 by Credit Suisse.
According to Zacks Investment Research, “Artisan Partners Asset Management Inc. is an independent investment management firm that provides a broad range of U.S., non-U.S. and global equity investment strategies. The Company’s manages investments primarily through mutual funds and separate accounts. Its clients include pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. pooled investment vehicles. Artisan Partners Asset Management Inc. is based in Milwaukee, WI United States.”
Insitutional Activity: The institutional sentiment increased to 1.69 in 2016 Q2. Its up 0.46, from 1.23 in 2016Q1. The ratio improved, as 18 funds sold all Artisan Partners Asset Management Inc shares owned while 37 reduced positions. 24 funds bought stakes while 69 increased positions. They now own 40.07 million shares or 0.27% more from 39.96 million shares in 2016Q1.
Ameriprise reported 83,163 shares or 0% of all its holdings. Alliancebernstein Lp last reported 0% of its portfolio in the stock. Sei Investments has 0.03% invested in the company for 199,774 shares. Essex Investment Management Ltd holds 10,838 shares or 0.05% of its portfolio. Ngam Advisors L P holds 20,345 shares or 0.01% of its portfolio. Envestnet Asset Mngmt last reported 0% of its portfolio in the stock. The British Columbia – Canada-based Pacad Inv Ltd has invested 0.01% in Artisan Partners Asset Management Inc (NYSE:APAM). Principal Fincl, a Iowa-based fund reported 9,899 shares. Parametric Assoc Ltd Com has 0% invested in the company for 107,383 shares. Timessquare Management Limited Liability Company has 1.41 million shares for 0.26% of their US portfolio. Metropolitan Life Insurance Commerce Ny last reported 2,797 shares in the company. Moreover, Raymond James Assocs has 0.01% invested in Artisan Partners Asset Management Inc (NYSE:APAM) for 110,539 shares. Blackrock Incorporated holds 6,356 shares or 0% of its portfolio. Loomis Sayles And L P accumulated 0.04% or 548,636 shares. Quantbot Techs L P reported 6,210 shares or 0.02% of all its holdings.
More notable recent Artisan Partners Asset Management Inc (NYSE:APAM) news were published by: Nasdaq.com which released: “Artisan Partners Asset Management Inc. Reports 3Q16 Results” on October 31, 2016, also Globenewswire.com with their article: “Artisan Partners Asset Management Inc. Announces that Chris Smith has Joined …” published on October 14, 2016, Businesswire.com published: “Artisan Partners Asset Management Inc. Reports 1Q16 Results” on April 25, 2016. More interesting news about Artisan Partners Asset Management Inc (NYSE:APAM) were released by: Forbes.com and their article: “Ex-Dividend Reminder: Simon Property Group, Artisan Partners Asset Management …” published on August 11, 2016 as well as Reuters.com‘s news article titled: “BRIEF-Artisan Partners Asset Management reports Q3 2016 results” with publication date: October 31, 2016.
APAM Company Profile
Artisan Partners Asset Management Inc., incorporated on October 25, 2012, is an investment management firm focused on providing investment strategies to clients around the global. The Company’s activities are conducted through Artisan Partners Holdings LP and its subsidiaries. It operates in the investment management industry. The Firm provides investment management services to separate accounts and mutual funds, and other pooled investment vehicles. The Firm has over seven autonomous investment teams that manage a range of the United States, non-United States and global investment strategies. The Firm provides its clients with multiple long-only, equity investment strategies spanning market capitalization divisions and investing styles in both the United States and non-United States markets. It also offers a fixed income strategy, the Artisan High Income strategy.