Economy

Institutional Investors Are Crazy About Artisan Partners Asset Management Inc (NYSE:APAM)

FT reports, The 8 analysts offering 12 month price targets for Artisan Partners Asset Management Inc have a median target of 31.25, with a high estimate of 37.00 and a low estimate of 28.00. It has underperformed by 24.74% the S&P500.

Pecaut & Company decreased Artisan Partners Asset Mgmt (APAM) stake by 46.88% reported in 2017Q2 SEC filing. Quantitative Systematic Strategies Llc sold 56,529 shares as the company's stock declined 6.53% while stock markets rallied. The Cutler Capital Management Llc holds 1.54 million shares with $15.24 million value, down from 1.64M last quarter. Lexington Pty now has $2.43 billion valuation. The stock rose 1.00% or $0.38 reaching $38.46. The stock rose 1.84% or $0.57 reaching $31.8 per share. (NASDAQ:CAR) has declined 14.90% since September 22, 2016 and is downtrending. It has underperformed by 11.26% the S&P500.

Investors sentiment decreased to 1.13 in Q2 2017. (NYSE:APAM) tinted gains of +1.28% (+0.4 points) to US$31.65. 48 funds opened positions while 92 raised stakes. Moreover, Citadel Advisors Limited Liability Corp has 0% invested in Artisan Partners Asset Management Inc (NYSE:APAM). Nuveen Asset Mgmt Lc owns 147,018 shares. Atlanta Management L L C invested in 0.43% or 2.40 million shares.

1/4/2017-Goldman Sachs Group, Inc. Accern also assigned media coverage about the asset manager an impact score of 45.7540785774863 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company's share price in the next few days. State Board Of Administration Of Florida Retirement has invested 0% in Lexington Realty Trust (NYSE:LXP). California Pub Employees Retirement Systems invested in 0.01% or 115,200 shares. 144,900 were accumulated by Nomura Asset Mgmt. Neuberger Berman Gp Limited Liability owns 9,878 shares or 0% of their United States portfolio. Winfield Incorporated stated it has 130 shares or 0% of all its holdings. Nationwide Fund Advsrs stated it has 99,739 shares. After $0.13 actual EPS reported by Cutera, Inc. for the previous quarter, Wall Street now forecasts -69.23% negative EPS growth. United Kingdom-based Legal And General Public Ltd has invested 0.04% in EQT Corporation (NYSE:EQT). Jefferies maintained Artisan Partners Asset Management Inc (NYSE:APAM) on Monday, September 25 with "Hold" rating. Therefore 22% are positive. APAM was included in 39 notes of analysts from July 21, 2015. Sidoti raised Artisan Partners Asset Management from a "neutral" rating to a "buy" rating in a report on Friday, August 4th. Investors of record on Thursday, August 17th were paid a dividend of $0.60 per share. On Friday, June 23 the stock rating was maintained by Jefferies with "Hold". The stock of Proofpoint Inc (NASDAQ:PFPT) earned "Outperform" rating by Wells Fargo on Thursday, September 17. The ex-dividend date was Tuesday, August 15th. The company presently has an average rating of "Hold" and an average target price of $29.94. The firm has "Hold" rating given on Monday, January 11 by Jefferies. RBC Capital Markets maintained Artisan Partners Asset Management Inc (NYSE:APAM) on Tuesday, October 27 with "Outperform" rating. (The) from a "Neutral " rating to a " Sell" rating. The company was downgraded on Thursday, May 19 by Ladenburg Thalmann. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company's stock.

Since May 18, 2017, it had 0 insider buys, and 2 insider sales for $2.04 million activity. SANTILLI RONALD J had sold 20,856 shares worth $415,034 on Tuesday, May 9. ROSKIND E ROBERT had sold 70,000 shares worth $667,800 on Thursday, May 18. The asset manager reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.01). The dividend was $0.600 per share for the quarter which comes to $2.40 on an annualized basis.

Investors sentiment decreased to 0.88 in Q2 2017. Its down 0.31, from 1.81 in 2017Q1. It dived, as 24 investors sold APAM shares while 46 reduced holdings. Zacks Investment Research raised Artisan Partners Asset Management from a "hold" rating to a "buy" rating and set a $33.00 target price for the company in a research report on Monday, June 5th. Fdx Advisors holds 0.02% or 21,142 shares.

Investors wait Artisan Partners Asset Management Inc (NYSE:APAM) to report on October, 30. its quarterly earnings Wall Street analysts expect $0.62 EPS, up $0.12 or 24.00 % from last year's $0.5 same quarter earnings. Aperio Grp Ltd Liability Company has invested 0.01% in Artisan Partners Asset Management Inc (NYSE:APAM). Globeflex Lp, California-based fund reported 10,950 shares. 64 are owned by Assetmark Inc. The firm earned "Underperform" rating on Tuesday, June 28 by Bank of America. Shine Investment Advisory Inc holds 126 shares. Channing Limited Company reported 1.57M shares. 30,597 are held by Metropolitan Life Ins New York. Jefferies Group LLC reaffirmed a "hold" rating on shares of Artisan Partners Asset Management in a report on Friday, August 18th. Bokf Na accumulated 19,678 shares. Glenmede Co Na holds 0% or 3,830 shares. Prudential Inc has 0% invested in Artisan Partners Asset Management Inc (NYSE:APAM). They expect $0.62 earnings per share, up 24.00% or $0.12 from last year's $0.5 per share. CAR's profit will be $248.05 million for 3.21 P/E if the $3.00 EPS becomes a reality. After having $0.58 EPS previously, Artisan Partners Asset Management Inc's analysts see 6.90 % EPS growth.

Glenview Capital Management Llc increased Platform Specialty Prods Cor (NYSE:PAH) stake by 2.00 million shares to 13.20M valued at $167.42 million in 2017Q2.



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