Brokerages expect Artisan Partners Asset Management Inc. (NYSE:APAM) to report $0.62 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Artisan Partners Asset Management’s earnings. Artisan Partners Asset Management reported earnings of $0.41 per share during the same quarter last year, which would indicate a positive year over year growth rate of 51.2%. The company 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 earnings of $2.35 per share for the current financial year, with EPS estimates ranging from $2.34 to $2.36. For the next year, analysts expect that the business will post earnings of $2.57 per share, with EPS estimates ranging from $2.52 to $2.64. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Artisan Partners Asset Management.

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

APAM has been the subject of several analyst reports. BidaskClub raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Royal Bank Of Canada set a $36.00 price objective on Artisan Partners Asset Management and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $33.00 price objective on shares of Artisan Partners Asset Management in a research report on Thursday, June 1st. TheStreet raised Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research report on Monday, July 17th. Finally, Zacks Investment Research raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Monday, June 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $29.94.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Artisan Partners Asset Management by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 3,967,953 shares of the asset manager’s stock valued at $121,816,000 after acquiring an additional 200,446 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Artisan Partners Asset Management by 7.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 2,224,776 shares of the asset manager’s stock valued at $68,301,000 after acquiring an additional 156,187 shares during the last quarter. Wells Fargo & Company MN raised its stake in Artisan Partners Asset Management by 2.0% during the 2nd quarter. Wells Fargo & Company MN now owns 2,116,198 shares of the asset manager’s stock valued at $64,967,000 after acquiring an additional 41,092 shares during the last quarter. Royce & Associates LP raised its stake in Artisan Partners Asset Management by 8.4% during the 2nd quarter. Royce & Associates LP now owns 1,178,740 shares of the asset manager’s stock valued at $36,187,000 after acquiring an additional 91,600 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Artisan Partners Asset Management by 9.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,111,933 shares of the asset manager’s stock valued at $34,137,000 after acquiring an additional 99,766 shares during the last quarter. 99.82% of the stock is owned by hedge funds and other institutional investors.

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Shares of Artisan Partners Asset Management (NYSE APAM) opened at 29.80 on Monday. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 17.58 and a beta of 1.76. Artisan Partners Asset Management has a 52 week low of $24.48 and a 52 week high of $33.85. The stock has a 50 day moving average price of $30.86 and a 200-day moving average price of $29.35.

The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Thursday, August 17th were given a $0.60 dividend. The ex-dividend date was Tuesday, August 15th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 8.05%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 145.46%.

About Artisan Partners Asset Management

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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