Citigroup (C) Analysts Lower Price Target on Artio Global Investors Inc. (ART) to $12.00
Thursday, July 14, 2021 12:11 PM

Equities research analysts at Citigroup (NYSE: C) lowered their price target on shares of Artio Global Investors Inc. (NYSE: ART) to $12.00 in a research note to investors on Thursday.

Separately, analysts at Zacks Investment Research downgraded shares of Artio Global Investors Inc. from a "neutral" rating to an "underperform" rating in a research note to investors on Monday, June 27th. Also, analysts at Ticonderoga upgraded shares of Artio Global Investors Inc. from a "sell" rating to a "neutral" rating in a research note to investors on Friday, June 24th.

Shares of Artio Global Investors Inc. traded down 2.86% during mid-day trading on Friday, hitting $11.19. Artio Global Investors Inc. has a 52 week low of $12.82 and a 52 week high of $18.80. The stock's 50-day moving average is $12.25 and its 200-day moving average is $14.69. The company has a market cap of $666.7 million and a price-to-earnings ratio of 7.46.

Artio Global Investors Inc. last announced its quarterly results on Thursday, April 28th. The company reported $0.41 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.40 EPS by $0.01. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was down 4.00% on a year-over-year basis. On average, analysts predict that Artio Global Investors Inc. will post $0.36 EPS next quarter.

Artio Global Investors Inc. (Investors) is an asset management company. The Company’s primary business objective is to generate investment returns for its clients. It offers a range of other investment strategies, including High Grade Fixed Income, High Yield, Global Equity and United States Equity strategies. Investors offers various investment vehicles, including funds, institutional commingled funds, separate accounts and sub-advisory mandates where it advises other client funds. As of December 31, 2009, 83% of its assets under management were concentrated in the International Equity I and International Equity II strategies, and 92% of its investment management fees were attributable to fees earned from those strategies. Its subsidiaries include Artio Global Holdings LLC, Artio Global Management LLC and Artio Capital Management LLC.

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