Artisan Partners Asset Management Inc Forecasted to Post Q3 2018 Earnings of $0.76 Per Share (APAM)

Artisan Partners Asset Management Inc (NYSE:APAM) – Stock analysts at Jefferies Financial Group reduced their Q3 2018 earnings per share (EPS) estimates for shares of Artisan Partners Asset Management in a report issued on Wednesday, October 10th. Jefferies Financial Group analyst D. Fannon now forecasts that the asset manager will post earnings per share of $0.76 for the quarter, down from their prior forecast of $0.79. Jefferies Financial Group also issued estimates for Artisan Partners Asset Management’s Q4 2018 earnings at $0.79 EPS, FY2018 earnings at $3.08 EPS and FY2019 earnings at $3.45 EPS.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, July 31st. The asset manager reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.01. Artisan Partners Asset Management had a net margin of 10.30% and a return on equity of 181.69%. The business had revenue of $212.30 million for the quarter, compared to analyst estimates of $208.46 million. During the same period in the previous year, the business posted $0.58 earnings per share. The business’s revenue was up 8.2% compared to the same quarter last year.

A number of other brokerages have also issued reports on APAM. ValuEngine upgraded shares of Artisan Partners Asset Management from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 28th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $34.00 price target on shares of Artisan Partners Asset Management in a research note on Thursday, August 2nd. Bank of America boosted their price target on shares of Artisan Partners Asset Management from $33.00 to $34.00 and gave the stock an “underperform” rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research lowered shares of Artisan Partners Asset Management from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Artisan Partners Asset Management presently has an average rating of “Hold” and a consensus target price of $37.25.

Shares of Artisan Partners Asset Management stock opened at $28.86 on Thursday. Artisan Partners Asset Management has a 52-week low of $28.37 and a 52-week high of $41.45. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.75. The stock has a market cap of $2.49 billion, a PE ratio of 11.98, a PEG ratio of 0.95 and a beta of 1.73.

A number of hedge funds have recently added to or reduced their stakes in the stock. We Are One Seven LLC purchased a new stake in Artisan Partners Asset Management during the third quarter worth about $207,000. Northern Trust Corp boosted its holdings in Artisan Partners Asset Management by 5.6% during the second quarter. Northern Trust Corp now owns 732,382 shares of the asset manager’s stock worth $22,082,000 after buying an additional 39,061 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Artisan Partners Asset Management by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 731,727 shares of the asset manager’s stock worth $22,061,000 after buying an additional 12,100 shares in the last quarter. Schroder Investment Management Group boosted its holdings in Artisan Partners Asset Management by 22.3% during the second quarter. Schroder Investment Management Group now owns 156,902 shares of the asset manager’s stock worth $4,675,000 after buying an additional 28,588 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Artisan Partners Asset Management by 46.3% during the second quarter. California Public Employees Retirement System now owns 82,168 shares of the asset manager’s stock worth $2,477,000 after buying an additional 26,018 shares in the last quarter. 62.04% of the stock is currently owned by hedge funds and other institutional investors.

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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