$0.74 Earnings Per Share Expected for Artisan Partners Asset Management Inc (APAM) This Quarter

Analysts expect Artisan Partners Asset Management Inc (NYSE:APAM) to post $0.74 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Artisan Partners Asset Management’s earnings, with the highest EPS estimate coming in at $0.76 and the lowest estimate coming in at $0.71. Artisan Partners Asset Management posted earnings of $0.37 per share during the same quarter last year, which suggests a positive year over year growth rate of 100%. The business is scheduled to issue its next quarterly earnings results on Thursday, April 26th.

On average, analysts expect that Artisan Partners Asset Management will report full year earnings of $3.22 per share for the current year, with EPS estimates ranging from $3.06 to $3.40. For the next fiscal year, analysts expect that the business will post earnings of $3.66 per share, with EPS estimates ranging from $3.45 to $3.86. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Artisan Partners Asset Management.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, February 6th. The asset manager reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.02). Artisan Partners Asset Management had a net margin of 6.23% and a return on equity of 111.29%. The business had revenue of $210.70 million for the quarter, compared to analysts’ expectations of $211.23 million. During the same period in the previous year, the company earned $0.53 EPS. Artisan Partners Asset Management’s revenue for the quarter was up 16.1% compared to the same quarter last year.

Several equities research analysts have recently commented on APAM shares. Royal Bank of Canada set a $41.00 price target on shares of Artisan Partners Asset Management and gave the company a “buy” rating in a research report on Friday, December 15th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $40.00 price target on shares of Artisan Partners Asset Management in a research report on Friday, December 22nd. ValuEngine lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub lowered shares of Artisan Partners Asset Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 28th. Finally, Bank of America reduced their price target on shares of Artisan Partners Asset Management from $38.00 to $36.00 and set an “underperform” rating for the company in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $37.17.

Artisan Partners Asset Management (NYSE APAM) traded up $0.35 during midday trading on Monday, hitting $33.45. 480,840 shares of the stock traded hands, compared to its average volume of 511,297. Artisan Partners Asset Management has a 12-month low of $26.30 and a 12-month high of $41.45. The stock has a market cap of $2,527.75, a price-to-earnings ratio of 44.01, a P/E/G ratio of 0.76 and a beta of 1.73. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.27.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 7.17%. The ex-dividend date of this dividend is Tuesday, February 13th. Artisan Partners Asset Management’s dividend payout ratio is 315.79%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its holdings in Artisan Partners Asset Management by 6.5% in the 4th quarter. Victory Capital Management Inc. now owns 26,854 shares of the asset manager’s stock worth $1,061,000 after acquiring an additional 1,629 shares in the last quarter. BNP Paribas Arbitrage SA increased its holdings in Artisan Partners Asset Management by 8.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 21,711 shares of the asset manager’s stock worth $708,000 after acquiring an additional 1,728 shares in the last quarter. VNBTrust National Association increased its holdings in Artisan Partners Asset Management by 7.2% in the 4th quarter. VNBTrust National Association now owns 26,325 shares of the asset manager’s stock worth $1,040,000 after acquiring an additional 1,775 shares in the last quarter. Greatmark Investment Partners Inc. increased its holdings in Artisan Partners Asset Management by 3.6% in the 3rd quarter. Greatmark Investment Partners Inc. now owns 51,300 shares of the asset manager’s stock worth $1,672,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in Artisan Partners Asset Management by 51.2% in the 3rd quarter. Great West Life Assurance Co. Can now owns 5,413 shares of the asset manager’s stock worth $176,000 after acquiring an additional 1,832 shares in the last quarter. 65.75% of the stock is owned by institutional investors.

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Artisan Partners Asset Management Company Profile

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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