Analysts expect Artisan Partners Asset Management Inc. (NYSE:APAM) to report $204.15 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Artisan Partners Asset Management’s earnings, with the highest sales estimate coming in at $205.30 million and the lowest estimate coming in at $203.00 million. Artisan Partners Asset Management posted sales of $184.10 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 10.9%. The company is expected to report its next quarterly earnings results on Monday, October 30th.

On average, analysts expect that Artisan Partners Asset Management will report full year sales of $204.15 million for the current year, with estimates ranging from $788.90 million to $797.10 million. For the next financial year, analysts anticipate that the company will report sales of $867.85 million per share, with estimates ranging from $842.20 million to $893.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Artisan Partners Asset Management.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Monday, July 31st. The asset manager reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by $0.01. Artisan Partners Asset Management had a return on equity of 78.75% and a net margin of 11.37%. The company had revenue of $196.20 million for the quarter, compared to analyst estimates of $194.25 million. During the same period in the previous year, the firm earned $0.53 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year.

Several brokerages recently weighed in on APAM. Royal Bank Of Canada set a $36.00 target price on Artisan Partners Asset Management and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods downgraded Artisan Partners Asset Management from an “outperform” rating to a “market perform” rating and increased their price target for the company from $32.00 to $33.00 in a report on Wednesday, August 2nd. BidaskClub downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. TheStreet upgraded Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a report on Monday, July 17th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $32.00 price target on shares of Artisan Partners Asset Management in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $29.94.

Several hedge funds have recently made changes to their positions in the stock. Greatmark Investment Partners Inc. increased its stake in shares of Artisan Partners Asset Management by 7.3% in the first quarter. Greatmark Investment Partners Inc. now owns 39,375 shares of the asset manager’s stock valued at $1,087,000 after buying an additional 2,675 shares in the last quarter. First Trust Advisors LP increased its stake in shares of 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 valued at $2,322,000 after buying an additional 69,480 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of 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 valued at $57,272,000 after buying an additional 144,029 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of 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 valued at $5,621,000 after buying an additional 44,536 shares in the last quarter. Finally, Pecaut & CO. acquired a new stake in shares of Artisan Partners Asset Management during the first quarter valued at $1,018,000. Institutional investors own 96.22% of the company’s stock.

WARNING: “$204.15 Million in Sales Expected for Artisan Partners Asset Management Inc. (APAM) This Quarter” was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/08/07/204-15-million-in-sales-expected-for-artisan-partners-asset-management-inc-apam-this-quarter.html.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $2.40 annualized dividend and a yield of 7.77%. Artisan Partners Asset Management’s dividend payout ratio is currently 145.46%.

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.

Get a free copy of the Zacks research report on Artisan Partners Asset Management (APAM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Artisan Partners Asset Management Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artisan Partners Asset Management Inc. and related companies with MarketBeat.com's FREE daily email newsletter.