Artisan Partners Asset Management Inc Forecasted to Post FY2018 Earnings of $3.00 Per Share (APAM)

Artisan Partners Asset Management Inc (NYSE:APAM) – William Blair cut their FY2018 earnings per share (EPS) estimates for shares of Artisan Partners Asset Management in a report issued on Wednesday, October 31st. William Blair analyst C. Shutler now expects that the asset manager will post earnings per share of $3.00 for the year, down from their previous estimate of $3.02. William Blair also issued estimates for Artisan Partners Asset Management’s Q4 2018 earnings at $0.68 EPS.

A number of other analysts have also commented on the company. ValuEngine lowered Artisan Partners Asset Management from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $34.00 target price on shares of Artisan Partners Asset Management in a report on Thursday, August 2nd. Zacks Investment Research lowered Artisan Partners Asset Management from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Bank of America lifted their target price on Artisan Partners Asset Management from $33.00 to $34.00 and gave the stock an “underperform” rating in a report on Thursday, August 2nd. Finally, Citigroup reduced their target price on Artisan Partners Asset Management from $31.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, November 1st. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $32.80.

Artisan Partners Asset Management stock opened at $27.17 on Monday. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 11.27, a price-to-earnings-growth ratio of 0.95 and a beta of 1.70. Artisan Partners Asset Management has a 12 month low of $26.29 and a 12 month high of $41.45. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.68 and a quick ratio of 0.68.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, October 30th. The asset manager reported $0.79 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.03. The business had revenue of $212.80 million during the quarter, compared to analyst estimates of $212.17 million. Artisan Partners Asset Management had a return on equity of 199.82% and a net margin of 11.60%. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 EPS.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Friday, November 16th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 8.83%. The ex-dividend date is Thursday, November 15th. Artisan Partners Asset Management’s payout ratio is 99.59%.

Institutional investors have recently bought and sold shares of the business. IFG Advisory LLC purchased a new position in shares of Artisan Partners Asset Management in the 3rd quarter worth $207,000. We Are One Seven LLC purchased a new position in shares of Artisan Partners Asset Management in the 3rd quarter worth $207,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Artisan Partners Asset Management in the 2nd quarter worth $203,000. Hartford Investment Management Co. purchased a new position in shares of Artisan Partners Asset Management in the 2nd quarter worth $224,000. Finally, Xact Kapitalforvaltning AB purchased a new position in shares of Artisan Partners Asset Management in the 1st quarter worth $257,000. 62.85% of the stock is owned by institutional investors and hedge funds.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.

Further Reading: Understanding Price to Earnings Ratio (PE)

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

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