William Blair Comments on Artisan Partners Asset’s Q2 2018 Earnings (APAM)

Artisan Partners Asset (NYSE:APAM) – Research analysts at William Blair cut their Q2 2018 EPS estimates for Artisan Partners Asset in a research note issued on Friday, April 20th. William Blair analyst C. Shutler now anticipates that the asset manager will post earnings of $0.72 per share for the quarter, down from their previous forecast of $0.73. William Blair also issued estimates for Artisan Partners Asset’s Q3 2018 earnings at $0.76 EPS, Q4 2018 earnings at $0.82 EPS, FY2018 earnings at $3.04 EPS and FY2019 earnings at $3.39 EPS.

How to Become a New Pot Stock Millionaire

Artisan Partners Asset (NYSE:APAM) last issued its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.02). Artisan Partners Asset had a return on equity of 119.11% and a net margin of 6.23%. The business had revenue of $210.70 million during the quarter, compared to the consensus estimate of $211.23 million. During the same period in the prior year, the firm earned $0.53 EPS. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year.

Several other analysts have also recently weighed in on APAM. Royal Bank of Canada set a $46.00 price objective on shares of Artisan Partners Asset and gave the stock a “buy” rating in a research note on Wednesday, February 7th. Bank of America reduced their price objective on shares of Artisan Partners Asset from $38.00 to $36.00 and set an “underperform” rating on the stock in a research note on Thursday, February 8th. Finally, Zacks Investment Research cut shares of Artisan Partners Asset from a “buy” rating to a “hold” rating in a research report on Monday, February 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Artisan Partners Asset currently has a consensus rating of “Hold” and a consensus price target of $38.60.

Shares of Artisan Partners Asset stock opened at $32.45 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 1.84. Artisan Partners Asset has a twelve month low of $27.23 and a twelve month high of $41.45. The firm has a market capitalization of $2,506.16, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 0.85 and a beta of 1.71.

A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its position in shares of Artisan Partners Asset by 1.7% during the 4th quarter. BlackRock Inc. now owns 2,942,573 shares of the asset manager’s stock worth $116,232,000 after purchasing an additional 48,159 shares in the last quarter. Atlanta Capital Management Co. L L C boosted its position in shares of Artisan Partners Asset by 3.9% during the 4th quarter. Atlanta Capital Management Co. L L C now owns 2,472,096 shares of the asset manager’s stock worth $97,648,000 after purchasing an additional 92,895 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Artisan Partners Asset by 2.0% during the 4th quarter. Wells Fargo & Company MN now owns 2,169,175 shares of the asset manager’s stock worth $85,683,000 after purchasing an additional 43,223 shares in the last quarter. Channing Capital Management LLC boosted its position in shares of Artisan Partners Asset by 16.2% during the 4th quarter. Channing Capital Management LLC now owns 2,033,289 shares of the asset manager’s stock worth $80,315,000 after purchasing an additional 284,025 shares in the last quarter. Finally, Burgundy Asset Management Ltd. boosted its position in shares of Artisan Partners Asset by 0.6% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,515,632 shares of the asset manager’s stock worth $59,867,000 after purchasing an additional 9,286 shares in the last quarter. 63.97% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “William Blair Comments on Artisan Partners Asset’s Q2 2018 Earnings (APAM)” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another publication, it was copied illegally and republished in violation of international trademark & copyright legislation. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/04/25/william-blair-comments-on-artisan-partners-assets-q2-2018-earnings-apam.html.

Artisan Partners Asset 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.

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

Receive News & Ratings for Artisan Partners Asset Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artisan Partners Asset and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply