Artisan Partners Asset Management (APAM) Set to Announce Quarterly Earnings on Tuesday

Artisan Partners Asset Management (NYSE:APAM) will issue its quarterly earnings data after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.79 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. The business had revenue of $249.00 million during the quarter, compared to the consensus estimate of $249.90 million. Artisan Partners Asset Management had a net margin of 22.80% and a return on equity of 73.85%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share. On average, analysts expect Artisan Partners Asset Management to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Artisan Partners Asset Management Stock Performance

Artisan Partners Asset Management stock opened at $42.98 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $3.43 billion, a PE ratio of 13.60 and a beta of 1.85. The firm has a fifty day simple moving average of $43.69 and a two-hundred day simple moving average of $40.73. Artisan Partners Asset Management has a twelve month low of $31.27 and a twelve month high of $46.75.

Artisan Partners Asset Management Increases Dividend

The firm also recently declared a None dividend, which was paid on Thursday, February 29th. Shareholders of record on Thursday, February 15th were paid a $1.02 dividend. The ex-dividend date was Wednesday, February 14th. This is an increase from Artisan Partners Asset Management’s previous None dividend of $0.65. This represents a yield of 5.5%. Artisan Partners Asset Management’s payout ratio is currently 86.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on APAM shares. TD Cowen started coverage on shares of Artisan Partners Asset Management in a research report on Thursday, January 4th. They issued a “market perform” rating and a $41.00 price objective on the stock. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Sunday, March 17th.

Insider Activity at Artisan Partners Asset Management

In related news, EVP Gregory K. Ramirez sold 2,500 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $42.28, for a total transaction of $105,700.00. Following the transaction, the executive vice president now owns 83,335 shares in the company, valued at $3,523,403.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 18.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Artisan Partners Asset Management

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Metropolitan Life Insurance Co NY grew its holdings in Artisan Partners Asset Management by 9.4% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 3,873 shares of the asset manager’s stock worth $115,000 after purchasing an additional 333 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Artisan Partners Asset Management by 0.3% in the third quarter. Public Employees Retirement System of Ohio now owns 100,613 shares of the asset manager’s stock worth $2,710,000 after purchasing an additional 341 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Artisan Partners Asset Management by 32.9% in the first quarter. NewEdge Advisors LLC now owns 1,422 shares of the asset manager’s stock worth $45,000 after buying an additional 352 shares in the last quarter. Legal & General Group Plc lifted its position in Artisan Partners Asset Management by 0.7% during the second quarter. Legal & General Group Plc now owns 55,537 shares of the asset manager’s stock valued at $1,975,000 after purchasing an additional 393 shares during the period. Finally, Geneos Wealth Management Inc. lifted its position in Artisan Partners Asset Management by 95.3% during the first quarter. Geneos Wealth Management Inc. now owns 840 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 410 shares during the period. Hedge funds and other institutional investors own 86.45% of the company’s stock.

Artisan Partners Asset Management Company Profile

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.