Equities research analysts expect Artisan Partners Asset Management Inc. (NYSE:APAM) to announce $203.50 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Artisan Partners Asset Management’s earnings. The highest sales estimate is $204.00 million and the lowest is $203.00 million. Artisan Partners Asset Management reported sales of $184.10 million in the same quarter last year, which indicates a positive year over year growth rate of 10.5%. The business is expected to report its next quarterly earnings report on Monday, October 30th.

On average, analysts expect that Artisan Partners Asset Management will report full-year sales of $203.50 million for the current financial year, with estimates ranging from $788.90 million to $793.50 million. For the next year, analysts anticipate that the company will report sales of $864.60 million per share, with estimates ranging from $842.20 million to $887.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Artisan Partners Asset Management.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Monday, July 31st. The asset manager reported $0.58 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $196.20 million for the quarter, compared to analysts’ expectations of $194.25 million. During the same period last year, the firm earned $0.53 earnings per share. Artisan Partners Asset Management’s revenue for the quarter was up 8.5% on a year-over-year basis.

A number of equities analysts have recently issued reports on APAM shares. Zacks Investment Research cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. Keefe, Bruyette & Woods cut shares of Artisan Partners Asset Management from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $32.00 to $33.00 in a report on Wednesday, August 2nd. ValuEngine raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Royal Bank Of Canada began coverage on shares of Artisan Partners Asset Management in a report on Thursday, June 29th. They issued an “outperform” rating and a $34.00 price target for the company. Finally, Jefferies Group LLC reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Artisan Partners Asset Management has an average rating of “Hold” and a consensus price target of $29.94.

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Artisan Partners Asset Management (NYSE:APAM) traded up 1.35% on Friday, reaching $30.10. 83,606 shares of the company’s stock traded hands. The stock has a 50-day moving average of $31.29 and a 200 day moving average of $29.35. Artisan Partners Asset Management has a 52 week low of $24.48 and a 52 week high of $33.85. The firm has a market capitalization of $1.50 billion, a P/E ratio of 17.76 and a beta of 1.75.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 17th will be given a $0.60 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 8.08%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 145.46%.

A number of institutional investors have recently bought and sold shares of APAM. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Artisan Partners Asset Management by 6.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,511,957 shares of the asset manager’s stock worth $124,530,000 after buying an additional 287,052 shares during the period. Vanguard Group Inc. increased its stake in Artisan Partners Asset Management by 5.3% in the second quarter. Vanguard Group Inc. now owns 3,967,953 shares of the asset manager’s stock worth $121,816,000 after buying an additional 200,446 shares during the period. Neuberger Berman Group LLC increased its stake in Artisan Partners Asset Management by 7.6% in the second quarter. Neuberger Berman Group LLC now owns 2,224,776 shares of the asset manager’s stock worth $68,301,000 after buying an additional 156,187 shares during the period. Wells Fargo & Company MN increased its stake in Artisan Partners Asset Management by 2.0% in the second quarter. Wells Fargo & Company MN now owns 2,116,198 shares of the asset manager’s stock worth $64,967,000 after buying an additional 41,092 shares during the period. Finally, Fisher Asset Management LLC increased its stake in Artisan Partners Asset Management by 0.9% in the first quarter. Fisher Asset Management LLC now owns 1,836,637 shares of the asset manager’s stock worth $50,691,000 after buying an additional 16,309 shares during the period. Hedge funds and other institutional investors own 96.53% of the company’s stock.

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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