Artisan Partners Asset Management (APAM) Reaches $35.10 After 9.00% Up Move; Profile of 4 Analysts Covering Dollarama (TSE:DOL)

October 12, 2017 - By Hazel Jackson

The stock of Artisan Partners Asset Management Inc (NYSE:APAM) is a huge mover today! About 128,775 shares traded. Artisan Partners Asset Management Inc (NYSE:APAM) has declined 8.04% since October 12, 2016 and is downtrending. It has underperformed by 24.74% the S&P500.The move comes after 6 months positive chart setup for the $2.67 billion company. It was reported on Oct, 12 by Barchart.com. We have $38.26 PT which if reached, will make NYSE:APAM worth $240.30 million more.

Among 6 analysts covering Dollarama Inc (TSE:DOL), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Dollarama Inc had 73 analyst reports since August 27, 2015 according to SRatingsIntel. Scotia Capital maintained Dollarama Inc (TSE:DOL) on Friday, March 17 with “Outperform” rating. As per Friday, September 2, the company rating was maintained by BMO Capital Markets. On Monday, January 4 the stock rating was upgraded by BMO Capital Markets to “Outperform”. The firm has “Outperform” rating by National Bank Canada given on Thursday, June 9. RBC Capital Markets maintained the shares of DOL in report on Tuesday, November 29 with “Outperform” rating. The firm earned “Outperform” rating on Thursday, December 10 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Friday, June 3 with “Outperform”. The stock of Dollarama Inc (TSE:DOL) earned “Outperform” rating by Scotia Capital on Tuesday, November 22. TD Securities maintained the stock with “Buy” rating in Tuesday, September 1 report. The firm has “Buy” rating given on Thursday, December 8 by TD Securities. See Dollarama Inc (TSE:DOL) latest ratings:

08/09/2017 Broker: Barclays Capital Rating: Old Target: $123.00 New Target: $130.00 Target Up
08/09/2017 Broker: BMO Capital Markets Rating: Old Target: $141.00 New Target: $150.00 Target Up
08/09/2017 Broker: IBC Rating: Old Target: $141.00 New Target: $157.00 Target Up
08/09/2017 Broker: Desjardins Securities Old Rating: Hold New Rating: Buy Old Target: $134.00 New Target: $154.00 Upgrade
08/09/2017 Broker: Eight Capital Rating: Old Target: $140.00 New Target: $150.00 Target Up
08/09/2017 Broker: National Bank Canada Rating: Old Target: $140.00 New Target: $145.00 Target Up
08/09/2017 Broker: Raymond James Rating: Old Target: $140.00 New Target: $143.00 Target Up
08/09/2017 Broker: Scotia Capital Rating: Outperform Old Target: $143.00 New Target: $162.00 Target Up
08/09/2017 Broker: TD Securities Rating: Hold Old Target: $135.00 New Target: $150.00 Target Up
07/06/2017 Broker: Barclays Capital Rating: Equal-Weight Old Target: $115.00 New Target: $121.00 Target Up

Analysts await Artisan Partners Asset Management Inc (NYSE:APAM) to report earnings on October, 30. They expect $0.62 earnings per share, up 24.00% or $0.12 from last year’s $0.5 per share. APAM’s profit will be $47.16 million for 14.15 P/E if the $0.62 EPS becomes a reality. After $0.58 actual earnings per share reported by Artisan Partners Asset Management Inc for the previous quarter, Wall Street now forecasts 6.90% EPS growth.

Artisan Partners Asset Management Inc. is an investment management company. The company has market cap of $2.67 billion. The Firm provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. It has a 21.11 P/E ratio. The Firm provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.

Investors sentiment decreased to 1.5 in Q2 2017. Its down 0.31, from 1.81 in 2017Q1. It dropped, as 24 investors sold Artisan Partners Asset Management Inc shares while 46 reduced holdings. 40 funds opened positions while 65 raised stakes. 48.99 million shares or 4.26% more from 46.98 million shares in 2017Q1 were reported. Renaissance Tech has 0.01% invested in Artisan Partners Asset Management Inc (NYSE:APAM). Hightower Advisors Lc invested in 0% or 12,704 shares. Oppenheimer Asset Mgmt Inc owns 20,522 shares. Highbridge Capital Management has 0.03% invested in Artisan Partners Asset Management Inc (NYSE:APAM) for 60,711 shares. Wellington Mngmt Group Incorporated Llp holds 0% of its portfolio in Artisan Partners Asset Management Inc (NYSE:APAM) for 43,529 shares. Nomura Asset Co Ltd holds 13,300 shares or 0.01% of its portfolio. Assetmark Inc holds 64 shares or 0% of its portfolio. Suntrust Banks reported 17,710 shares or 0% of all its holdings. Minnesota-based Us Bank De has invested 0% in Artisan Partners Asset Management Inc (NYSE:APAM). Winfield Assocs reported 0% stake. Legal & General Grp Public Limited Co invested in 0% or 18,424 shares. Rhumbline Advisers has invested 0% in Artisan Partners Asset Management Inc (NYSE:APAM). Engineers Gate Manager Ltd Partnership stated it has 0.14% of its portfolio in Artisan Partners Asset Management Inc (NYSE:APAM). Archford Capital Strategies Lc has invested 0% in Artisan Partners Asset Management Inc (NYSE:APAM). Putnam Invs Ltd reported 63,100 shares.

Among 9 analysts covering Artisan Partners Asset Management Inc (NYSE:APAM), 2 have Buy rating, 2 Sell and 5 Hold. Therefore 22% are positive. Artisan Partners Asset Management Inc had 40 analyst reports since July 21, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained Artisan Partners Asset Management Inc (NYSE:APAM) rating on Monday, September 4. Keefe Bruyette & Woods has “Hold” rating and $33.0 target. As per Friday, August 4, the company rating was upgraded by Sidoti. The stock of Artisan Partners Asset Management Inc (NYSE:APAM) earned “Sell” rating by Citigroup on Tuesday, December 15. Citigroup upgraded Artisan Partners Asset Management Inc (NYSE:APAM) on Thursday, February 11 to “Neutral” rating. The rating was maintained by Citigroup with “Neutral” on Thursday, September 10. On Wednesday, November 25 the stock rating was maintained by Credit Suisse with “Outperform”. The stock of Artisan Partners Asset Management Inc (NYSE:APAM) has “Outperform” rating given on Tuesday, July 21 by Credit Suisse. The rating was downgraded by Jefferies on Monday, January 11 to “Hold”. The stock of Artisan Partners Asset Management Inc (NYSE:APAM) has “Hold” rating given on Wednesday, June 28 by Jefferies. The rating was downgraded by Goldman Sachs to “Neutral” on Tuesday, October 27.

About 113,991 shares traded. Dollarama Inc (TSE:DOL) has 0.00% since October 12, 2016 and is . It has underperformed by 16.70% the S&P500.

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