Research Analysts Issue Forecasts for Artisan Partners Asset Management Inc’s Q1 2019 Earnings (APAM)

Artisan Partners Asset Management Inc (NYSE:APAM) – Analysts at William Blair issued their Q1 2019 earnings per share estimates for Artisan Partners Asset Management in a research report issued to clients and investors on Wednesday. William Blair analyst C. Shutler forecasts that the asset manager will post earnings of $0.79 per share for the quarter. William Blair also issued estimates for Artisan Partners Asset Management’s Q2 2019 earnings at $0.85 EPS, Q3 2019 earnings at $0.89 EPS, Q4 2019 earnings at $0.92 EPS and FY2019 earnings at $3.45 EPS.

A number of other equities analysts have also commented on the company. Royal Bank of Canada set a $41.00 price objective on Artisan Partners Asset Management and gave the stock a “buy” rating in a research note on Friday, December 15th. Keefe, Bruyette & Woods restated a “hold” rating and set a $40.00 price objective on shares of Artisan Partners Asset Management in a research note on Friday, December 22nd. ValuEngine lowered Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. BidaskClub lowered Artisan Partners Asset Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 28th. Finally, Bank of America lowered their price objective on Artisan Partners Asset Management from $38.00 to $36.00 and set an “underperform” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Artisan Partners Asset Management has an average rating of “Hold” and a consensus target price of $37.17.

Artisan Partners Asset Management (NYSE APAM) traded up $1.15 during trading on Friday, reaching $35.35. The company’s stock had a trading volume of 1,003,035 shares, compared to its average volume of 478,923. Artisan Partners Asset Management has a 12-month low of $26.30 and a 12-month high of $41.45. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $2,750.68, a price-to-earnings ratio of 45.72, a PEG ratio of 0.81 and a beta of 1.73.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.66 EPS for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.02). Artisan Partners Asset Management had a return on equity of 111.29% and a net margin of 6.23%. The company had revenue of $210.70 million for the quarter, compared to the consensus estimate of $211.23 million. During the same quarter last year, the business earned $0.53 EPS. Artisan Partners Asset Management’s revenue was up 16.1% on a year-over-year basis.

Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN boosted its holdings in shares of Artisan Partners Asset Management by 0.5% in the 3rd quarter. Wells Fargo & Company MN now owns 2,125,952 shares of the asset manager’s stock valued at $69,306,000 after purchasing an additional 9,754 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Artisan Partners Asset Management by 12.5% in the 3rd quarter. Sterling Capital Management LLC now owns 78,831 shares of the asset manager’s stock valued at $2,570,000 after purchasing an additional 8,790 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Artisan Partners Asset Management by 5.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,033,276 shares of the asset manager’s stock valued at $33,685,000 after purchasing an additional 56,804 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Artisan Partners Asset Management by 13.8% in the 2nd quarter. Royal Bank of Canada now owns 30,669 shares of the asset manager’s stock valued at $940,000 after purchasing an additional 3,718 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Artisan Partners Asset Management by 1,613.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,997 shares of the asset manager’s stock valued at $1,075,000 after purchasing an additional 32,954 shares in the last quarter. 63.33% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.79%. The ex-dividend date is Tuesday, February 13th. Artisan Partners Asset Management’s dividend payout ratio is presently 315.79%.

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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.

Earnings History and Estimates for Artisan Partners Asset Management (NYSE:APAM)

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