Just How Negative is Citigroup Following Their Downgrade of Artisan Partners Asset Mgmt (NYSE:APAM)?


Artisan Partners Asset Mgmt (NYSE:APAM) Receives a Downgrade

Citigroup lowered the rating for shares of Artisan Partners Asset Mgmt (NYSE:APAM) to aSell from a Neutral. The rating change was revealed in a note earlier today.

From a total of 8 analysts covering Artisan Partners Asset Management Inc (NYSE:APAM) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 44% of the ratings are positive. The highest target price is $45 while the lowest target price is $30. The mean of all analyst targets is $40.63 with a 19.60% above today’s ($34.14) stock price. Artisan Partners Asset Management Inc was the topic of 14 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on November 25 with “Outperform” rating. RBC Capital Markets maintained APAM stock in a recent report from October 27 with “Outperform” rating.

Approximately 161,705 shares of stock traded hands. Artisan Partners Asset Management Inc (NYSE:APAM) has declined 24.14% since May 12, 2015 and is downtrending. It has underperformed by 20.46% the S&P500.

The overall sentiment of institutions has increased to 1.57 in Q2 2015. Its up 0.15, from 1.42 in 2015Q2. The ratio increased, as 19 institutions have sold all the shares of Artisan Partners Asset Management Inc that they owned while 42 funds have taken shares off the table. 30 funds have purchased shares for the first time while 66 added to their positions. These institutions now hold 48.37 million shares or 32.66% more than the 36.46 million shares they owned in 2015Q2.

The Fund Bernzott Capital Advisors currently is holding shares equating to 2.97% of its total portfolio in Artisan Partners Asset Management Inc representing a total of 367,571 shares. Another fund,Kayne Anderson Rudnick Investment Management Llc, is holding a total of 3.31 million shares equating to 1.98% of their holdings. Additionally, Global Thematic Partners Llc has a 1.71 million share stake in Artisan Partners Asset Management Inc which represents 1.01% of their total portfolio. The Fund, Osborne Partners Capital Management Llc, based out of California, has also built up a stake in the stock, which represents a total of 0.76% of their total portfolio. Finally Atlanta Capital Management Co L L C, a fund which is based in the state of Georgia reported a total holdings of 2.46 million shares.

Insider activity is a very important aspect to track on any stock. Going back to August 17, 2015, shareholders of Artisan Partners Asset Management Inc have witnessed 0 insider purchases, and a total of 1 sale equating to a net activity of approximately $231,830 . Daley Charles J Jr sold 5,000 shares worth approximately $231,830.

Artisan Partners Asset Management Inc. is an investment management firm. The company has a market cap of $2.51 billion. The Firm provides a range of United States, non-United States and global investment strategies. It has 18.32 P/E ratio. The Firm’s activities are conducted through Artisan Partners Holdings and its subsidiaries.

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.”