Equities analysts expect that Artisan Partners Asset Management Inc (NYSE:APAM) will announce earnings per share of $0.68 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Artisan Partners Asset Management’s earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.67. Artisan Partners Asset Management posted earnings per share of $0.42 in the same quarter last year, which suggests a positive year-over-year growth rate of 61.9%. The company is scheduled to issue its next quarterly earnings report on Monday, February 5th.

On average, analysts expect that Artisan Partners Asset Management will report full year earnings of $2.42 per share for the current year. For the next year, analysts anticipate that the business will post earnings of $3.09 per share, with EPS estimates ranging from $2.66 to $3.40. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Artisan Partners Asset Management.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. The firm had revenue of $204.60 million during the quarter, compared to analysts’ expectations of $204.53 million. Artisan Partners Asset Management had a net margin of 12.58% and a return on equity of 95.09%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 earnings per share.

APAM has been the subject of a number of research reports. Zacks Investment Research cut shares of Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a report on Monday, September 18th. Jefferies Group restated a “hold” rating and issued a $32.00 price objective on shares of Artisan Partners Asset Management in a report on Tuesday, September 26th. BidaskClub upgraded shares of Artisan Partners Asset Management from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Royal Bank of Canada set a $36.00 price objective on shares of Artisan Partners Asset Management and gave the company a “buy” rating in a report on Wednesday, October 18th. Finally, ValuEngine cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $34.92.

A number of institutional investors have recently modified their holdings of APAM. State Street Corp lifted its stake in Artisan Partners Asset Management by 63.7% in the second quarter. State Street Corp now owns 1,037,204 shares of the asset manager’s stock worth $31,842,000 after acquiring an additional 403,737 shares during the last quarter. Northern Trust Corp lifted its stake in Artisan Partners Asset Management by 93.6% in the second quarter. Northern Trust Corp now owns 734,735 shares of the asset manager’s stock worth $22,556,000 after acquiring an additional 355,272 shares during the last quarter. Teachers Advisors LLC lifted its stake in Artisan Partners Asset Management by 686.1% in the second quarter. Teachers Advisors LLC now owns 337,536 shares of the asset manager’s stock worth $10,362,000 after acquiring an additional 294,599 shares during the last quarter. Vanguard Group Inc. lifted 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 acquiring an additional 200,446 shares during the last quarter. Finally, Capital World Investors lifted its stake in Artisan Partners Asset Management by 34.3% in the second quarter. Capital World Investors now owns 705,000 shares of the asset manager’s stock worth $21,644,000 after acquiring an additional 180,000 shares during the last quarter. Institutional investors own 63.47% of the company’s stock.

Shares of Artisan Partners Asset Management (APAM) traded down $1.00 during mid-day trading on Tuesday, hitting $38.80. 464,300 shares of the company were exchanged, compared to its average volume of 364,442. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $2,930.00, a PE ratio of 20.86, a P/E/G ratio of 0.94 and a beta of 1.82. Artisan Partners Asset Management has a 52-week low of $26.30 and a 52-week high of $40.65.

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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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