Brokerages Anticipate Artisan Partners Asset Management Inc (APAM) to Announce $0.68 Earnings Per Share

Brokerages predict that Artisan Partners Asset Management Inc (NYSE:APAM) will report earnings of $0.68 per share for the current quarter, Zacks reports. Two analysts have made estimates for Artisan Partners Asset Management’s earnings. Artisan Partners Asset Management reported earnings per share of $0.42 during the same quarter last year, which suggests a positive year over year growth rate of 61.9%. The company is expected to issue its next earnings report after the market closes on Tuesday, February 6th.

On average, 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 fiscal year, analysts forecast that the firm will report earnings of $3.31 per share, with EPS estimates ranging from $3.20 to $3.40. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that that provide coverage for Artisan Partners Asset Management.

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $40.00 target price on shares of Artisan Partners Asset Management in a research note on Friday, December 22nd. Royal Bank of Canada set a $41.00 target price on shares of Artisan Partners Asset Management and gave the stock a “buy” rating in a research note on Friday, December 15th. ValuEngine downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub downgraded shares of Artisan Partners Asset Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 28th. Finally, Zacks Investment Research upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Tuesday, October 10th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $36.40.

A number of institutional investors and hedge funds have recently made changes to their positions in APAM. Schwab Charles Investment Management Inc. lifted its position in Artisan Partners Asset Management by 120.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 199,042 shares of the asset manager’s stock valued at $6,111,000 after acquiring an additional 108,711 shares during the last quarter. Legal & General Group Plc lifted its position in Artisan Partners Asset Management by 17.4% in the second quarter. Legal & General Group Plc now owns 18,424 shares of the asset manager’s stock valued at $564,000 after acquiring an additional 2,729 shares during the last quarter. Alliancebernstein L.P. lifted its position in Artisan Partners Asset Management by 228.3% in the second quarter. Alliancebernstein L.P. now owns 65,390 shares of the asset manager’s stock valued at $2,007,000 after acquiring an additional 45,472 shares during the last quarter. TIAA CREF Investment Management LLC lifted its position in Artisan Partners Asset Management by 57.4% in the second quarter. TIAA CREF Investment Management LLC now owns 183,033 shares of the asset manager’s stock valued at $5,619,000 after acquiring an additional 66,715 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Artisan Partners Asset Management by 81.6% in the second quarter. Ameriprise Financial Inc. now owns 316,743 shares of the asset manager’s stock valued at $9,724,000 after acquiring an additional 142,370 shares during the last quarter. 63.33% of the stock is owned by hedge funds and other institutional investors.

Artisan Partners Asset Management (NYSE:APAM) opened at $38.05 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $2,875.36, a price-to-earnings ratio of 20.57, a P/E/G ratio of 0.84 and a beta of 1.73. Artisan Partners Asset Management has a 12 month low of $26.30 and a 12 month high of $41.45.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be given a $0.60 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $2.40 dividend on an annualized basis and a yield of 6.31%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 129.73%.

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About Artisan Partners Asset Management

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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