Brokerages predict that Artisan Partners Asset Management Inc. (NYSE:APAM) will post $203.70 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Artisan Partners Asset Management’s earnings, with the highest sales estimate coming in at $204.40 million and the lowest estimate coming in at $203.00 million. Artisan Partners Asset Management reported sales of $184.10 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.6%. The business is expected to announce its next quarterly earnings results after the market closes on Tuesday, October 31st.

According to Zacks, analysts expect that Artisan Partners Asset Management will report full-year sales of $203.70 million for the current year, with estimates ranging from $788.90 million to $794.40 million. For the next fiscal year, analysts expect that the business will post sales of $862.85 million per share, with estimates ranging from $842.20 million to $883.50 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 quarterly earnings results on Monday, July 31st. The asset manager reported $0.58 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 net margin of 11.37% and a return on equity of 78.75%. Artisan Partners Asset Management’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share.

Several equities analysts have commented on APAM shares. TheStreet raised shares of Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a report on Monday, July 17th. Sidoti raised shares of Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a report on Friday, August 4th. They noted that the move was a valuation call. Royal Bank Of Canada set a $36.00 target price on shares of Artisan Partners Asset Management and gave the company a “buy” rating in a report on Tuesday, August 1st. ValuEngine raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Finally, BidaskClub raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $30.56.

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Several institutional investors have recently made changes to their positions in APAM. Vanguard Group Inc. grew its holdings in shares of Artisan Partners Asset Management by 21.7% during the 1st quarter. Vanguard Group Inc. now owns 3,767,507 shares of the asset manager’s stock valued at $103,983,000 after purchasing an additional 671,858 shares during the last quarter. State Street Corp grew its holdings in shares of Artisan Partners Asset Management by 63.7% during the 2nd quarter. State Street Corp now owns 1,037,204 shares of the asset manager’s stock valued at $31,842,000 after purchasing an additional 403,737 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Artisan Partners Asset Management by 93.6% during the 2nd quarter. Northern Trust Corp now owns 734,735 shares of the asset manager’s stock valued at $22,556,000 after purchasing an additional 355,272 shares during the last quarter. Teachers Advisors LLC grew its holdings in shares of Artisan Partners Asset Management by 686.1% during the 2nd quarter. Teachers Advisors LLC now owns 337,536 shares of the asset manager’s stock valued at $10,362,000 after purchasing an additional 294,599 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Artisan Partners Asset Management by 34.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,012,167 shares of the asset manager’s stock valued at $27,935,000 after purchasing an additional 261,498 shares during the last quarter. 65.63% of the stock is currently owned by institutional investors.

Artisan Partners Asset Management (NYSE APAM) opened at 35.40 on Friday. The firm has a 50-day moving average of $32.29 and a 200-day moving average of $30.35. Artisan Partners Asset Management has a 52-week low of $24.48 and a 52-week high of $35.75. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of 20.88 and a beta of 1.77.

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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