Artisan Partners Asset Management Inc to Post FY2018 Earnings of $2.94 Per Share, William Blair Forecasts (APAM)

Artisan Partners Asset Management Inc (NYSE:APAM) – Equities researchers at William Blair decreased their FY2018 earnings per share (EPS) estimates for shares of Artisan Partners Asset Management in a research note issued to investors on Tuesday, January 22nd. William Blair analyst C. Shutler now anticipates that the asset manager will earn $2.94 per share for the year, down from their prior forecast of $3.00. William Blair also issued estimates for Artisan Partners Asset Management’s Q4 2018 earnings at $0.62 EPS, Q1 2019 earnings at $0.50 EPS, Q2 2019 earnings at $0.59 EPS, Q3 2019 earnings at $0.61 EPS, Q4 2019 earnings at $0.63 EPS, FY2019 earnings at $2.33 EPS, Q1 2020 earnings at $0.58 EPS, Q2 2020 earnings at $0.62 EPS, Q3 2020 earnings at $0.66 EPS, Q4 2020 earnings at $0.69 EPS and FY2020 earnings at $2.55 EPS.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, October 30th. The asset manager reported $0.79 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.03. The company had revenue of $212.80 million for the quarter, compared to analyst estimates of $212.17 million. Artisan Partners Asset Management had a return on equity of 199.82% and a net margin of 11.60%. Artisan Partners Asset Management’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 earnings per share.

Several other analysts have also weighed in on the company. ValuEngine lowered Artisan Partners Asset Management from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 2nd. Citigroup decreased their price objective on Artisan Partners Asset Management from $31.00 to $27.00 and set a “hold” rating on the stock in a research note on Thursday, November 1st. TheStreet lowered Artisan Partners Asset Management from a “b-” rating to a “c+” rating in a research note on Friday, December 7th. Royal Bank of Canada set a $34.00 price objective on Artisan Partners Asset Management and gave the company a “buy” rating in a research note on Thursday, November 1st. Finally, Zacks Investment Research lowered Artisan Partners Asset Management from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Four equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $32.80.

Artisan Partners Asset Management stock opened at $22.73 on Wednesday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.46. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 7.75, a PEG ratio of 1.41 and a beta of 1.71. Artisan Partners Asset Management has a fifty-two week low of $20.16 and a fifty-two week high of $41.45.

Several institutional investors have recently added to or reduced their stakes in the company. Weather Gauge Advisory LLC purchased a new stake in shares of Artisan Partners Asset Management during the 4th quarter valued at about $2,287,000. Clarkston Capital Partners LLC increased its holdings in Artisan Partners Asset Management by 211.3% during the 4th quarter. Clarkston Capital Partners LLC now owns 2,046,620 shares of the asset manager’s stock worth $45,251,000 after purchasing an additional 1,389,129 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in Artisan Partners Asset Management by 60.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 63,200 shares of the asset manager’s stock worth $1,397,000 after purchasing an additional 23,900 shares during the last quarter. Vanguard Group Inc increased its holdings in Artisan Partners Asset Management by 1.8% during the 3rd quarter. Vanguard Group Inc now owns 4,596,556 shares of the asset manager’s stock worth $148,928,000 after purchasing an additional 81,738 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Artisan Partners Asset Management by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,596,556 shares of the asset manager’s stock worth $148,928,000 after purchasing an additional 81,738 shares during the last quarter. Institutional investors own 62.62% of the company’s stock.

About Artisan Partners Asset Management

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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