Artisan Partners Asset Management Inc (NYSE:APAM) Expected to Announce Quarterly Sales of $204.00 Million

Equities research analysts expect Artisan Partners Asset Management Inc (NYSE:APAM) to post $204.00 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Artisan Partners Asset Management’s earnings, with the lowest sales estimate coming in at $203.70 million and the highest estimate coming in at $204.30 million. Artisan Partners Asset Management reported sales of $191.50 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.5%. The business is expected to announce its next earnings report on Monday, February 3rd.

On average, analysts expect that Artisan Partners Asset Management will report full-year sales of $794.60 million for the current fiscal year, with estimates ranging from $794.30 million to $794.90 million. For the next year, analysts anticipate that the business will post sales of $852.15 million, with estimates ranging from $843.00 million to $861.30 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Artisan Partners Asset Management.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Tuesday, October 29th. The asset manager reported $0.70 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.70. The firm had revenue of $202.90 million during the quarter, compared to the consensus estimate of $202.46 million. Artisan Partners Asset Management had a return on equity of 169.99% and a net margin of 18.48%. The firm’s quarterly revenue was down 4.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 earnings per share.

Several equities research analysts have recently weighed in on the company. ValuEngine downgraded Artisan Partners Asset Management from a “hold” rating to a “sell” rating in a report on Tuesday, November 5th. Zacks Investment Research raised Artisan Partners Asset Management from a “sell” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Citigroup raised Artisan Partners Asset Management from a “neutral” rating to a “buy” rating and increased their price objective for the company from $25.00 to $33.00 in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. Artisan Partners Asset Management presently has an average rating of “Hold” and an average price target of $30.00.

APAM traded down $0.01 on Friday, reaching $31.16. The company’s stock had a trading volume of 702,170 shares, compared to its average volume of 415,287. The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 12.32, a P/E/G ratio of 1.08 and a beta of 1.87. Artisan Partners Asset Management has a fifty-two week low of $20.16 and a fifty-two week high of $31.42. The stock has a 50 day moving average of $29.04 and a two-hundred day moving average of $27.67. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 2.46.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.65 dividend. This is an increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.60. This represents a $2.60 annualized dividend and a dividend yield of 8.34%. The ex-dividend date of this dividend was Thursday, November 14th. Artisan Partners Asset Management’s dividend payout ratio is presently 88.44%.

Several hedge funds have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Artisan Partners Asset Management by 6.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,794,599 shares of the asset manager’s stock valued at $104,428,000 after acquiring an additional 225,045 shares during the period. BlackRock Inc. boosted its holdings in shares of Artisan Partners Asset Management by 0.5% in the second quarter. BlackRock Inc. now owns 3,604,619 shares of the asset manager’s stock valued at $99,200,000 after acquiring an additional 19,485 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Artisan Partners Asset Management by 30.8% in the second quarter. Renaissance Technologies LLC now owns 3,063,415 shares of the asset manager’s stock valued at $84,305,000 after acquiring an additional 720,503 shares during the period. State Street Corp boosted its holdings in shares of Artisan Partners Asset Management by 1.3% in the third quarter. State Street Corp now owns 1,059,353 shares of the asset manager’s stock valued at $29,916,000 after acquiring an additional 13,826 shares during the period. Finally, Marshall Wace LLP boosted its holdings in shares of Artisan Partners Asset Management by 17.4% in the second quarter. Marshall Wace LLP now owns 910,343 shares of the asset manager’s stock valued at $25,053,000 after acquiring an additional 135,107 shares during the period. 61.84% 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.

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

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