Artisan Partners Asset Management (NYSE:APAM) : The consensus on Artisan Partners Asset Management (NYSE:APAM) based on 5 analyst recommendation on the company stock is 2.8, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Artisan Partners Asset Management (NYSE:APAM) : The highest short term price target forecast on Artisan Partners Asset Management (NYSE:APAM) is $38 and the lowest target price is $34. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $35.33 with a standard deviation of $2.31.
Company shares have received an average consensus rating of Hold for the current week
Artisan Partners Asset Management (NYSE:APAM): stock turned positive on Tuesday. Though the stock opened at $26.23, the bulls momentum made the stock top out at $27.11 level for the day. The stock recorded a low of $26.14 and closed the trading day at $26.93, in the green by 1.24%. The total traded volume for the day was 702,289. The stock had closed at $26.6 in the previous days trading.
In an insider trading activity, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Artisan Partners Asset Management Inc., Dimarco Stephanie had purchased shares worth of $41,988 in a transaction dated on November 30, 2015. A total of 1,078 shares were purchased at a price of $38.95 per share. The information is based on open market trades at the market prices.Option exercises are not covered.
Artisan Partners Asset Management Inc. is an investment management firm. The Firm provides a range of United States, non-United States and global investment strategies. The Firms operations are conducted through Artisan Partners Holdings and its subsidiaries. It derives its revenues from investment management fees. In addition to its investment teams, the Firm also has a team that is focused on its business of achieving growth, expanding investment capabilities, the source of assets under management and delivering client service. The Firms management team supports its investment management capabilities and manages infrastructure, which allows its investment professionals to focus on making investment decisions and generating returns. Artisan Partners investment strategies are offered through a variety of investment vehicles to accommodate a range of client mandates, including Separate Account Management, Mutual Fund Vehicles, Collective Investment Trusts and UCITS Vehicles.