Q1 2018 EPS Estimates for Artisan Partners Asset Management Inc (APAM) Lowered by Analyst

Artisan Partners Asset Management Inc (NYSE:APAM) – Investment analysts at William Blair decreased their Q1 2018 earnings per share (EPS) estimates for shares of Artisan Partners Asset Management in a research report issued on Wednesday. William Blair analyst C. Shutler now anticipates that the asset manager will post earnings of $0.71 per share for the quarter, down from their prior forecast of $0.75. William Blair also issued estimates for Artisan Partners Asset Management’s Q2 2018 earnings at $0.73 EPS, Q3 2018 earnings at $0.77 EPS, Q4 2018 earnings at $0.84 EPS and FY2018 earnings at $3.06 EPS.

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

Several other equities analysts have also commented on the company. Royal Bank of Canada set a $41.00 target price on Artisan Partners Asset Management and gave the company a “buy” rating in a report on Friday, December 15th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $40.00 target price on shares of Artisan Partners Asset Management in a report on Friday, December 22nd. ValuEngine lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub lowered Artisan Partners Asset Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 28th. Finally, Bank of America dropped their target price on Artisan Partners Asset Management from $38.00 to $36.00 and set an “underperform” rating on the stock in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Artisan Partners Asset Management presently has an average rating of “Hold” and an average target price of $37.17.

Shares of Artisan Partners Asset Management (NYSE APAM) opened at $35.80 on Monday. Artisan Partners Asset Management has a 12-month low of $26.30 and a 12-month high of $41.45. 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 firm has a market capitalization of $2,667.55, a price-to-earnings ratio of 15.62, a PEG ratio of 0.80 and a beta of 1.73.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 6.70%. The ex-dividend date is Tuesday, February 13th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 315.79%.

Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN increased its holdings in Artisan Partners Asset Management by 0.5% in the third quarter. Wells Fargo & Company MN now owns 2,125,952 shares of the asset manager’s stock valued at $69,306,000 after buying an additional 9,754 shares during the last quarter. Sterling Capital Management LLC increased its holdings in Artisan Partners Asset Management by 12.5% in the third quarter. Sterling Capital Management LLC now owns 78,831 shares of the asset manager’s stock valued at $2,570,000 after buying an additional 8,790 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Artisan Partners Asset Management by 5.8% in the third quarter. Dimensional Fund Advisors LP now owns 1,033,276 shares of the asset manager’s stock valued at $33,685,000 after acquiring an additional 56,804 shares in the last quarter. Royal Bank of Canada boosted its stake in Artisan Partners Asset Management by 13.8% in the second quarter. Royal Bank of Canada now owns 30,669 shares of the asset manager’s stock valued at $940,000 after acquiring an additional 3,718 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Artisan Partners Asset Management by 1,613.0% in the second quarter. The Manufacturers Life Insurance Company now owns 34,997 shares of the asset manager’s stock valued at $1,075,000 after acquiring an additional 32,954 shares in the last quarter. 63.41% of the stock is currently owned by hedge funds and other institutional investors.

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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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