Analysts Set Expectations for Artisan Partners Asset Management Inc’s FY2018 Earnings (APAM)

Artisan Partners Asset Management Inc (NYSE:APAM) – Investment analysts at William Blair dropped their FY2018 EPS estimates for shares of Artisan Partners Asset Management in a research note issued to investors on Wednesday, October 31st. William Blair analyst C. Shutler now expects that the asset manager will earn $3.00 per share for the year, down from their previous estimate of $3.02. William Blair also issued estimates for Artisan Partners Asset Management’s Q4 2018 earnings at $0.68 EPS.

Other equities research analysts have also issued reports about the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $34.00 price target on shares of Artisan Partners Asset Management in a report on Thursday, August 2nd. Bank of America upped their price target on shares of Artisan Partners Asset Management from $33.00 to $34.00 and gave the company an “underperform” rating in a report on Thursday, August 2nd. Zacks Investment Research lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Thursday, July 12th. ValuEngine lowered shares of Artisan Partners Asset Management from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 2nd. Finally, Citigroup lowered their price target on shares of Artisan Partners Asset Management from $31.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, November 1st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $32.80.

NYSE:APAM opened at $26.96 on Monday. Artisan Partners Asset Management has a 52 week low of $26.29 and a 52 week high of $41.45. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market cap of $2.06 billion, a P/E ratio of 11.19, a PEG ratio of 0.95 and a beta of 1.70.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, October 30th. The asset manager reported $0.79 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.03. The firm had revenue of $212.80 million during the quarter, compared to analyst estimates of $212.17 million. Artisan Partners Asset Management had a net margin of 11.60% and a return on equity of 199.82%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 EPS.

Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its holdings in Artisan Partners Asset Management by 1.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 731,727 shares of the asset manager’s stock valued at $22,061,000 after buying an additional 12,100 shares during the last quarter. GAM Holding AG raised its holdings in Artisan Partners Asset Management by 71.8% in the 2nd quarter. GAM Holding AG now owns 13,999 shares of the asset manager’s stock worth $422,000 after purchasing an additional 5,851 shares in the last quarter. Systematic Financial Management LP bought a new position in Artisan Partners Asset Management in the 2nd quarter worth $1,336,000. Raymond James & Associates raised its holdings in Artisan Partners Asset Management by 9.1% in the 2nd quarter. Raymond James & Associates now owns 202,358 shares of the asset manager’s stock worth $6,101,000 after purchasing an additional 16,803 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in Artisan Partners Asset Management by 16.2% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 271,621 shares of the asset manager’s stock worth $8,190,000 after purchasing an additional 37,902 shares in the last quarter. Institutional investors own 62.85% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $2.40 dividend on an annualized basis and a yield of 8.90%. Artisan Partners Asset Management’s dividend payout ratio is currently 99.59%.

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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