Brokerages expect Artisan Partners Asset Management Inc (NYSE:APAM) to post $0.71 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Artisan Partners Asset Management’s earnings, with estimates ranging from $0.70 to $0.73. Artisan Partners Asset Management posted earnings per share of $0.79 during the same quarter last year, which indicates a negative year over year growth rate of 10.1%. The company is expected to report its next quarterly earnings results on Tuesday, October 29th.
On average, analysts expect that Artisan Partners Asset Management will report full year earnings of $2.67 per share for the current year, with EPS estimates ranging from $2.63 to $2.70. For the next fiscal year, analysts anticipate that the company will report earnings of $2.90 per share, with EPS estimates ranging from $2.85 to $2.96. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Artisan Partners Asset Management.
Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Tuesday, July 30th. The asset manager reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.01. The company had revenue of $200.70 million for the quarter, compared to the consensus estimate of $196.99 million. Artisan Partners Asset Management had a net margin of 18.40% and a return on equity of 169.94%. Artisan Partners Asset Management’s revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 earnings per share.
Separately, Zacks Investment Research raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $28.75.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC increased its holdings in Artisan Partners Asset Management by 31.6% in the 4th quarter. Squarepoint Ops LLC now owns 10,658 shares of the asset manager’s stock worth $236,000 after buying an additional 2,558 shares during the period. Jane Street Group LLC acquired a new position in Artisan Partners Asset Management in the 4th quarter worth approximately $200,000. Legal & General Group Plc increased its holdings in Artisan Partners Asset Management by 30.1% in the 4th quarter. Legal & General Group Plc now owns 20,734 shares of the asset manager’s stock worth $458,000 after buying an additional 4,791 shares during the period. Dimensional Fund Advisors LP increased its holdings in Artisan Partners Asset Management by 11.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,184,041 shares of the asset manager’s stock worth $26,179,000 after buying an additional 122,050 shares during the period. Finally, Norges Bank acquired a new position in Artisan Partners Asset Management in the 4th quarter worth approximately $14,714,000. 64.28% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE APAM traded up $0.58 during trading on Wednesday, hitting $26.77. 232,542 shares of the company were exchanged, compared to its average volume of 366,898. Artisan Partners Asset Management has a 12-month low of $20.16 and a 12-month high of $33.90. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.56 and a current ratio of 0.56. The company has a fifty day moving average price of $28.24 and a 200-day moving average price of $26.64. The firm has a market capitalization of $1.99 billion, a PE ratio of 9.11, a P/E/G ratio of 1.37 and a beta of 1.84.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be issued a $0.60 dividend. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.55. The ex-dividend date is Thursday, August 15th. This represents a $2.40 annualized dividend and a yield of 8.97%. Artisan Partners Asset Management’s dividend payout ratio is 81.63%.
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.
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