Artisan Partners Asset Management Inc (APAM) Expected to Post Earnings of $0.77 Per Share

Wall Street analysts forecast that Artisan Partners Asset Management Inc (NYSE:APAM) will announce earnings of $0.77 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Artisan Partners Asset Management’s earnings. The highest EPS estimate is $0.79 and the lowest is $0.76. Artisan Partners Asset Management reported earnings per share of $0.65 during the same quarter last year, which would suggest a positive year over year growth rate of 18.5%. The firm is scheduled to report its next earnings report on Tuesday, October 30th.

According to Zacks, analysts expect that Artisan Partners Asset Management will report full-year earnings of $3.09 per share for the current year, with EPS estimates ranging from $3.07 to $3.13. For the next financial year, analysts forecast that the firm will post earnings of $3.30 per share, with EPS estimates ranging from $3.15 to $3.47. Zacks’ EPS averages are an average based on a survey of analysts that cover Artisan Partners Asset Management.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, July 31st. The asset manager reported $0.76 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.01. The firm had revenue of $212.30 million for the quarter, compared to analysts’ expectations of $208.46 million. Artisan Partners Asset Management had a net margin of 10.30% and a return on equity of 181.69%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $0.58 EPS.

Several research firms have recently weighed in on APAM. Keefe, Bruyette & Woods restated a “hold” rating and set a $34.00 price objective on shares of Artisan Partners Asset Management in a research report on Thursday, August 2nd. Bank of America raised their price objective on shares of Artisan Partners Asset Management from $33.00 to $34.00 and gave the company an “underperform” rating in a research report on Thursday, August 2nd. Zacks Investment Research cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Thursday, July 12th. ValuEngine cut shares of Artisan Partners Asset Management from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Finally, TheStreet upgraded shares of Artisan Partners Asset Management from a “c+” rating to a “b” rating in a research report on Tuesday, May 29th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $36.20.

Artisan Partners Asset Management stock opened at $31.90 on Friday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.71 and a current ratio of 0.71. The firm has a market cap of $2.47 billion, a PE ratio of 13.24, a P/E/G ratio of 0.95 and a beta of 1.75. Artisan Partners Asset Management has a fifty-two week low of $29.55 and a fifty-two week high of $41.45.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Friday, August 17th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 7.52%. The ex-dividend date of this dividend was Thursday, August 16th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 99.59%.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its position in Artisan Partners Asset Management by 12.8% in the 2nd quarter. BlackRock Inc. now owns 3,304,205 shares of the asset manager’s stock worth $99,621,000 after purchasing an additional 376,142 shares during the period. Epoch Investment Partners Inc. raised its position in Artisan Partners Asset Management by 66.2% in the 2nd quarter. Epoch Investment Partners Inc. now owns 887,619 shares of the asset manager’s stock worth $26,762,000 after purchasing an additional 353,647 shares during the period. Segall Bryant & Hamill LLC purchased a new position in Artisan Partners Asset Management in the 2nd quarter worth $8,913,000. Royce & Associates LP raised its position in Artisan Partners Asset Management by 30.8% in the 2nd quarter. Royce & Associates LP now owns 1,176,525 shares of the asset manager’s stock worth $35,472,000 after purchasing an additional 276,800 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in Artisan Partners Asset Management by 5.6% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,828,265 shares of the asset manager’s stock worth $160,782,000 after purchasing an additional 256,591 shares during the period. Hedge funds and other institutional investors own 62.49% of the company’s stock.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.

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Earnings History and Estimates for Artisan Partners Asset Management (NYSE:APAM)

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