Brokerages predict that Artisan Partners Asset Management Inc (NYSE:APAM) will report earnings per share of $0.49 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Artisan Partners Asset Management’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.46. Artisan Partners Asset Management reported earnings per share of $0.78 in the same quarter last year, which would suggest a negative year-over-year growth rate of 37.2%. The firm is expected to announce its next quarterly earnings results on Tuesday, May 7th.
According to Zacks, analysts expect that Artisan Partners Asset Management will report full-year earnings of $2.39 per share for the current financial year, with EPS estimates ranging from $2.26 to $2.47. For the next year, analysts forecast that the business will report earnings of $2.60 per share, with EPS estimates ranging from $2.51 to $2.70. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Artisan Partners Asset Management.
Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Monday, February 4th. The asset manager reported $0.61 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). Artisan Partners Asset Management had a return on equity of 184.56% and a net margin of 19.10%. The company had revenue of $191.50 million for the quarter, compared to analyst estimates of $193.12 million. During the same period last year, the firm earned $0.66 earnings per share. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis.
In other news, insider Jason A. Gottlieb sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.18, for a total transaction of $261,800.00. Following the completion of the transaction, the insider now directly owns 101,710 shares of the company’s stock, valued at $2,662,767.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 28.23% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in APAM. Bank of New York Mellon Corp raised its holdings in Artisan Partners Asset Management by 1.7% during the second quarter. Bank of New York Mellon Corp now owns 731,727 shares of the asset manager’s stock worth $22,061,000 after acquiring an additional 12,100 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Artisan Partners Asset Management by 2.0% during the third quarter. Wells Fargo & Company MN now owns 2,520,032 shares of the asset manager’s stock worth $81,650,000 after acquiring an additional 48,241 shares in the last quarter. IFG Advisory LLC bought a new stake in Artisan Partners Asset Management during the third quarter worth about $207,000. Stone Ridge Asset Management LLC raised its holdings in Artisan Partners Asset Management by 51.0% during the third quarter. Stone Ridge Asset Management LLC now owns 37,566 shares of the asset manager’s stock worth $1,217,000 after acquiring an additional 12,684 shares in the last quarter. Finally, Zeke Capital Advisors LLC bought a new stake in Artisan Partners Asset Management during the third quarter worth about $263,000. Institutional investors and hedge funds own 62.61% of the company’s stock.
NYSE:APAM traded up $0.06 on Thursday, reaching $26.28. The company’s stock had a trading volume of 375,041 shares, compared to its average volume of 476,439. Artisan Partners Asset Management has a 1-year low of $20.16 and a 1-year high of $35.50. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.42. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 8.94, a PEG ratio of 1.54 and a beta of 1.75.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Thursday, February 14th were paid a $0.56 dividend. The ex-dividend date was Wednesday, February 13th. This represents a $2.24 dividend on an annualized basis and a yield of 8.52%. Artisan Partners Asset Management’s payout ratio is 76.19%.
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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