Analysts expect Artisan Partners Asset Management Inc. (NYSE:APAM) to announce $194.60 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Artisan Partners Asset Management’s earnings. The lowest sales estimate is $193.00 million and the highest is $196.20 million. Artisan Partners Asset Management posted sales of $180.80 million in the same quarter last year, which suggests a positive year over year growth rate of 7.6%. The firm is scheduled to announce its next quarterly earnings results on Monday, July 24th.

According to Zacks, analysts expect that Artisan Partners Asset Management will report full year sales of $194.60 million for the current year, with estimates ranging from $772.60 million to $797.10 million. For the next year, analysts expect that the firm will report sales of $854.75 million per share, with estimates ranging from $816.00 million to $893.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Artisan Partners Asset Management.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Thursday, April 27th. The asset manager reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.03. The business had revenue of $184.10 million during the quarter, compared to analyst estimates of $182.36 million. Artisan Partners Asset Management had a net margin of 10.47% and a return on equity of 61.99%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share.

APAM has been the subject of a number of analyst reports. Sidoti initiated coverage on shares of Artisan Partners Asset Management in a research report on Thursday, March 30th. They issued a “neutral” rating and a $31.00 price objective for the company. Zacks Investment Research downgraded shares of Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 11th. Keefe, Bruyette & Woods raised shares of Artisan Partners Asset Management from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $30.00 to $33.00 in a report on Monday, May 1st. ValuEngine downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Royal Bank Of Canada started coverage on shares of Artisan Partners Asset Management in a report on Thursday, June 29th. They set an “outperform” rating and a $34.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Artisan Partners Asset Management has a consensus rating of “Hold” and a consensus price target of $29.56.

A number of hedge funds have recently bought and sold shares of APAM. First Trust Advisors LP increased its stake in Artisan Partners Asset Management by 473.8% in the first quarter. First Trust Advisors LP now owns 84,144 shares of the asset manager’s stock worth $2,322,000 after buying an additional 69,480 shares in the last quarter. Wells Fargo & Company MN increased its stake in Artisan Partners Asset Management by 7.5% in the first quarter. Wells Fargo & Company MN now owns 2,075,106 shares of the asset manager’s stock worth $57,272,000 after buying an additional 144,029 shares in the last quarter. Russell Investments Group Ltd. increased its stake in Artisan Partners Asset Management by 28.0% in the first quarter. Russell Investments Group Ltd. now owns 203,655 shares of the asset manager’s stock worth $5,621,000 after buying an additional 44,536 shares in the last quarter. Pecaut & CO. acquired a new stake in Artisan Partners Asset Management during the first quarter worth about $1,018,000. Finally, First Mercantile Trust Co. increased its stake in Artisan Partners Asset Management by 23.1% in the first quarter. First Mercantile Trust Co. now owns 7,723 shares of the asset manager’s stock worth $213,000 after buying an additional 1,451 shares in the last quarter. 98.11% of the stock is owned by hedge funds and other institutional investors.

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Shares of Artisan Partners Asset Management (APAM) traded down 0.63% on Friday, hitting $31.80. 383,443 shares of the stock were exchanged. The firm has a market capitalization of $1.57 billion, a PE ratio of 20.00 and a beta of 1.73. Artisan Partners Asset Management has a one year low of $24.48 and a one year high of $32.20. The company has a 50-day moving average price of $29.04 and a 200-day moving average price of $28.85.

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.

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