FY2017 EPS Estimates for Artisan Partners Asset Management Inc Lifted by Analyst (APAM)

Artisan Partners Asset Management Inc (NYSE:APAM) – Analysts at Jefferies Group lifted their FY2017 earnings per share estimates for Artisan Partners Asset Management in a report released on Tuesday, Zacks Investment Research reports. Jefferies Group analyst S. Thind now anticipates that the asset manager will post earnings per share of $2.42 for the year, up from their prior estimate of $2.37. Jefferies Group currently has a “Hold” rating and a $32.00 target price on the stock. Jefferies Group also issued estimates for Artisan Partners Asset Management’s Q4 2017 earnings at $0.67 EPS, Q1 2018 earnings at $0.63 EPS, Q2 2018 earnings at $0.68 EPS, Q3 2018 earnings at $0.73 EPS, Q4 2018 earnings at $0.76 EPS, FY2018 earnings at $2.80 EPS and FY2019 earnings at $3.18 EPS.

Other equities analysts have also issued reports about the company. BidaskClub lowered Artisan Partners Asset Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 28th. Zacks Investment Research lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. ValuEngine lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Royal Bank Of Canada set a $36.00 price target on Artisan Partners Asset Management and gave the stock a “buy” rating in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Artisan Partners Asset Management presently has a consensus rating of “Hold” and an average target price of $31.93.

Shares of Artisan Partners Asset Management (NYSE APAM) traded down $0.15 during trading on Friday, hitting $39.65. The stock had a trading volume of 390,172 shares, compared to its average volume of 453,226. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market cap of $3,007.61, a price-to-earnings ratio of 19.70, a PEG ratio of 1.72 and a beta of 1.83. Artisan Partners Asset Management has a 12-month low of $26.30 and a 12-month high of $40.65.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The business had revenue of $204.60 million for the quarter, compared to analysts’ expectations of $204.53 million. Artisan Partners Asset Management had a return on equity of 95.09% and a net margin of 12.58%. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 EPS.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its stake in shares of Artisan Partners Asset Management by 0.3% in the 1st quarter. Alliancebernstein L.P. now owns 19,918 shares of the asset manager’s stock valued at $550,000 after purchasing an additional 50 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in Artisan Partners Asset Management by 0.7% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 8,160 shares of the asset manager’s stock valued at $251,000 after buying an additional 54 shares during the last quarter. Bbva Compass Bancshares Inc. raised its stake in Artisan Partners Asset Management by 0.5% during the second quarter. Bbva Compass Bancshares Inc. now owns 18,167 shares of the asset manager’s stock valued at $558,000 after buying an additional 93 shares during the last quarter. Quantbot Technologies LP raised its stake in Artisan Partners Asset Management by 3.5% during the second quarter. Quantbot Technologies LP now owns 3,591 shares of the asset manager’s stock valued at $110,000 after buying an additional 120 shares during the last quarter. Finally, Comerica Bank raised its stake in Artisan Partners Asset Management by 1.9% during the second quarter. Comerica Bank now owns 10,810 shares of the asset manager’s stock valued at $356,000 after buying an additional 199 shares during the last quarter. Institutional investors own 63.51% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Thursday, November 16th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.05%. The ex-dividend date was Wednesday, November 15th. Artisan Partners Asset Management’s payout ratio is presently 129.73%.

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About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is an investment management company. The Company 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. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.

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

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