Artisan Partners Asset Management Inc (NYSE:APAM) – Analysts at William Blair issued their Q1 2019 earnings per share (EPS) estimates for shares of Artisan Partners Asset Management in a research report issued to clients and investors on Wednesday. William Blair analyst C. Shutler expects that the asset manager will post earnings per share of $0.79 for the quarter. William Blair also issued estimates for Artisan Partners Asset Management’s Q2 2019 earnings at $0.85 EPS, Q3 2019 earnings at $0.89 EPS, Q4 2019 earnings at $0.92 EPS and FY2019 earnings at $3.45 EPS.

APAM has been the subject of a number of other reports. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $40.00 target price on shares of Artisan Partners Asset Management in a report on Friday, December 22nd. Royal Bank of Canada set a $46.00 price objective on shares of Artisan Partners Asset Management and gave the stock a “buy” rating in a report on Wednesday. ValuEngine lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub lowered shares of Artisan Partners Asset Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 28th. Finally, Bank of America lowered their price objective on shares of Artisan Partners Asset Management from $38.00 to $36.00 and set an “underperform” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $37.17.

Artisan Partners Asset Management (APAM) traded up $1.15 during trading on Friday, hitting $35.35. 1,003,035 shares of the stock were exchanged, compared to its average volume of 478,923. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $2,750.68, a price-to-earnings ratio of 45.72, a P/E/G ratio of 0.81 and a beta of 1.73. Artisan Partners Asset Management has a one year low of $26.30 and a one year high of $41.45.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, February 6th. The asset manager reported $0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.02). The firm had revenue of $210.70 million for the quarter, compared to analysts’ expectations of $211.23 million. Artisan Partners Asset Management had a return on equity of 111.29% and a net margin of 6.23%. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share.

A number of institutional investors and hedge funds have recently modified their holdings of APAM. State Street Corp lifted its holdings in Artisan Partners Asset Management by 63.7% in the second quarter. State Street Corp now owns 1,037,204 shares of the asset manager’s stock worth $31,842,000 after buying an additional 403,737 shares during the period. Northern Trust Corp increased its stake in shares of Artisan Partners Asset Management by 93.6% during the second quarter. Northern Trust Corp now owns 734,735 shares of the asset manager’s stock valued at $22,556,000 after purchasing an additional 355,272 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Artisan Partners Asset Management by 5.3% during the second quarter. Vanguard Group Inc. now owns 3,967,953 shares of the asset manager’s stock valued at $121,816,000 after purchasing an additional 200,446 shares in the last quarter. Channing Capital Management LLC increased its stake in shares of Artisan Partners Asset Management by 11.3% during the third quarter. Channing Capital Management LLC now owns 1,749,264 shares of the asset manager’s stock valued at $57,026,000 after purchasing an additional 178,215 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Artisan Partners Asset Management by 3.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,425,554 shares of the asset manager’s stock valued at $144,273,000 after purchasing an additional 148,713 shares in the last quarter. Institutional investors and hedge funds own 63.33% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $2.40 annualized dividend and a yield of 6.79%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 315.79%.

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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.

Earnings History and Estimates for Artisan Partners Asset Management (NYSE:APAM)

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