Analysts Expect Artisan Partners Asset Management Inc (APAM) Will Announce Earnings of $0.65 Per Share

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Brokerages predict that Artisan Partners Asset Management Inc (NYSE:APAM) will post earnings per share (EPS) of $0.65 for the current quarter, according to Zacks. Two analysts have made estimates for Artisan Partners Asset Management’s earnings. The lowest EPS estimate is $0.63 and the highest is $0.66. Artisan Partners Asset Management reported earnings of $0.76 per share during the same quarter last year, which indicates a negative year over year growth rate of 14.5%. The company is scheduled to issue its next earnings results on Tuesday, July 30th.

On average, analysts expect that Artisan Partners Asset Management will report full year earnings of $2.59 per share for the current year, with EPS estimates ranging from $2.56 to $2.64. For the next year, analysts expect that the business will post earnings of $2.80 per share, with EPS estimates ranging from $2.65 to $2.93. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Artisan Partners Asset Management.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, April 30th. The asset manager reported $0.55 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.55. The company had revenue of $187.00 million during the quarter, compared to the consensus estimate of $186.26 million. Artisan Partners Asset Management had a return on equity of 172.79% and a net margin of 18.48%. Artisan Partners Asset Management’s revenue was down 11.8% on a year-over-year basis. During the same period last year, the business posted $0.78 earnings per share.

A number of brokerages recently commented on APAM. Zacks Investment Research raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, April 9th. ValuEngine raised Artisan Partners Asset Management from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 9th. Bank of America set a $25.00 target price on Artisan Partners Asset Management and gave the stock a “sell” rating in a research report on Tuesday, April 9th. Citigroup raised Artisan Partners Asset Management from a “sell” rating to a “neutral” rating and set a $25.00 target price for the company in a research report on Monday, April 15th. Finally, TheStreet raised Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $29.60.

In other Artisan Partners Asset Management news, insider Jason A. Gottlieb sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $26.18, for a total value of $261,800.00. Following the completion of the sale, the insider now directly owns 101,710 shares of the company’s stock, valued at $2,662,767.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 24.44% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Comerica Bank increased its position in Artisan Partners Asset Management by 15.2% in the fourth quarter. Comerica Bank now owns 11,801 shares of the asset manager’s stock worth $270,000 after buying an additional 1,556 shares during the last quarter. Segall Bryant & Hamill LLC increased its position in Artisan Partners Asset Management by 44.8% in the fourth quarter. Segall Bryant & Hamill LLC now owns 412,800 shares of the asset manager’s stock worth $9,127,000 after buying an additional 127,731 shares during the last quarter. River & Mercantile Asset Management LLP purchased a new stake in Artisan Partners Asset Management in the fourth quarter worth $4,342,000. Nisa Investment Advisors LLC increased its position in Artisan Partners Asset Management by 60.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 63,200 shares of the asset manager’s stock worth $1,397,000 after buying an additional 23,900 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Artisan Partners Asset Management by 2.3% in the fourth quarter. Bank of New York Mellon Corp now owns 729,959 shares of the asset manager’s stock worth $16,139,000 after buying an additional 16,398 shares during the last quarter. 63.58% of the stock is owned by institutional investors and hedge funds.

Shares of APAM traded up $0.66 on Tuesday, reaching $25.64. 440,600 shares of the company’s stock traded hands, compared to its average volume of 489,252. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 3.30. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 8.72, a PEG ratio of 1.37 and a beta of 1.78. Artisan Partners Asset Management has a 52-week low of $20.16 and a 52-week high of $35.50.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 8.58%. The ex-dividend date is Thursday, May 16th. Artisan Partners Asset Management’s dividend payout ratio is currently 74.83%.

Artisan Partners Asset Management Company Profile

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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