William Blair Research Analysts Increase Earnings Estimates for Artisan Partners Asset Management Inc (APAM)

Artisan Partners Asset Management Inc (NYSE:APAM) – Analysts at William Blair lifted their Q4 2017 earnings per share estimates for shares of Artisan Partners Asset Management in a research note issued to investors on Monday. William Blair analyst C. Shutler now anticipates that the asset manager will earn $0.68 per share for the quarter, up from their prior estimate of $0.67. William Blair also issued estimates for Artisan Partners Asset Management’s Q1 2018 earnings at $0.75 EPS.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, October 31st. The asset manager reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. Artisan Partners Asset Management had a return on equity of 95.09% and a net margin of 12.58%. The business had revenue of $204.60 million for the quarter, compared to the consensus estimate of $204.53 million. During the same period last year, the business posted $0.56 EPS. The company’s revenue was up 11.1% compared to the same quarter last year.

Other analysts also recently issued reports about the company. BidaskClub downgraded Artisan Partners Asset Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 28th. Royal Bank of Canada set a $36.00 price target on Artisan Partners Asset Management and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Zacks Investment Research upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $40.00 price target on shares of Artisan Partners Asset Management in a research note on Friday, December 22nd. Finally, Jefferies Group restated a “hold” rating and issued a $32.00 price target on shares of Artisan Partners Asset Management in a research note on Tuesday, September 26th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $34.92.

Shares of Artisan Partners Asset Management (APAM) opened at $40.90 on Tuesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.40 and a current ratio of 0.40. Artisan Partners Asset Management has a 52 week low of $26.30 and a 52 week high of $40.90. The company has a market capitalization of $3,090.00, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 0.95 and a beta of 1.82.

Hedge funds have recently added to or reduced their stakes in the company. Quantbot Technologies LP raised its holdings in Artisan Partners Asset Management by 3.5% in the 2nd quarter. Quantbot Technologies LP now owns 3,591 shares of the asset manager’s stock worth $110,000 after purchasing an additional 120 shares during the period. Ameritas Investment Partners Inc. bought a new position in Artisan Partners Asset Management in the 2nd quarter worth $120,000. New York State Teachers Retirement System bought a new position in Artisan Partners Asset Management in the 3rd quarter worth $127,000. Great West Life Assurance Co. Can raised its holdings in Artisan Partners Asset Management by 51.2% in the 3rd quarter. Great West Life Assurance Co. Can now owns 5,413 shares of the asset manager’s stock worth $176,000 after purchasing an additional 1,832 shares during the period. Finally, SG Americas Securities LLC bought a new position in Artisan Partners Asset Management in the 3rd quarter worth $192,000. Hedge funds and other institutional investors own 63.24% of the company’s stock.

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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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