Zacks: Analysts Anticipate Artisan Partners Asset Management Inc (APAM) to Post $0.68 Earnings Per Share

Equities analysts expect that Artisan Partners Asset Management Inc (NYSE:APAM) will post earnings per share of $0.68 for the current quarter, according to Zacks. Two analysts have made estimates for Artisan Partners Asset Management’s earnings. The highest EPS estimate is $0.68 and the lowest is $0.67. Artisan Partners Asset Management reported earnings per share of $0.42 during the same quarter last year, which would indicate a positive year over year growth rate of 61.9%. The business is expected to announce its next quarterly earnings results on Monday, February 5th.

According to Zacks, analysts expect that Artisan Partners Asset Management will report full year earnings of $2.42 per share for the current financial year. For the next financial year, analysts expect that the firm will post earnings of $3.09 per share, with EPS estimates ranging from $2.66 to $3.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Artisan Partners Asset Management.

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

APAM has been the subject of several research analyst reports. BidaskClub upgraded shares of Artisan Partners Asset Management from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. ValuEngine lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $40.00 price objective on shares of Artisan Partners Asset Management in a report on Friday, December 22nd. Royal Bank of Canada set a $41.00 price objective on shares of Artisan Partners Asset Management and gave the stock a “buy” rating in a report on Friday, December 15th. Finally, Zacks Investment Research upgraded shares of Artisan Partners Asset Management from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $34.92.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP increased its stake in shares of 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 purchasing an additional 120 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in shares of Artisan Partners Asset Management during the second quarter valued at approximately $120,000. New York State Teachers Retirement System bought a new position in shares of Artisan Partners Asset Management during the third quarter valued at approximately $127,000. Great West Life Assurance Co. Can increased its stake in shares of Artisan Partners Asset Management by 51.2% during the third quarter. Great West Life Assurance Co. Can now owns 5,413 shares of the asset manager’s stock valued at $176,000 after purchasing an additional 1,832 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Artisan Partners Asset Management during the third quarter valued at approximately $192,000. 63.47% of the stock is owned by institutional investors and hedge funds.

Shares of Artisan Partners Asset Management (APAM) traded down $1.00 on Tuesday, reaching $38.80. 464,300 shares of the company’s stock traded hands, compared to its average volume of 364,442. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.27. Artisan Partners Asset Management has a twelve month low of $26.30 and a twelve month high of $40.65. The stock has a market capitalization of $2,930.00, a price-to-earnings ratio of 20.86, a PEG ratio of 0.94 and a beta of 1.82.

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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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