Q3 2018 EPS Estimates for Artisan Partners Asset Management Inc Increased by Analyst (NYSE:APAM)

Artisan Partners Asset Management Inc (NYSE:APAM) – Equities researchers at William Blair boosted their Q3 2018 earnings per share (EPS) estimates for shares of Artisan Partners Asset Management in a report released on Wednesday, October 17th, Zacks Investment Research reports. William Blair analyst C. Shutler now anticipates that the asset manager will post earnings of $0.77 per share for the quarter, up from their previous forecast of $0.76. William Blair also issued estimates for Artisan Partners Asset Management’s Q4 2018 earnings at $0.72 EPS and FY2018 earnings at $3.02 EPS.

Artisan Partners Asset Management (NYSE:APAM) last announced its earnings results on Tuesday, October 30th. The asset manager reported $0.79 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.03. Artisan Partners Asset Management had a net margin of 11.60% and a return on equity of 199.82%. The business had revenue of $212.80 million during the quarter, compared to analysts’ expectations of $212.17 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis.

Other research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods restated a “hold” rating and set a $34.00 target price on shares of Artisan Partners Asset Management in a report on Thursday, August 2nd. Bank of America increased their target price on shares of Artisan Partners Asset Management from $33.00 to $34.00 and gave the stock an “underperform” rating in a report on Thursday, August 2nd. Zacks Investment Research cut shares of Artisan Partners Asset Management from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. ValuEngine cut shares of Artisan Partners Asset Management from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 2nd. Finally, Citigroup dropped their price target on shares of Artisan Partners Asset Management from $31.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, November 1st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $32.80.

APAM traded down $0.17 during trading hours on Friday, hitting $27.19. 203,937 shares of the company’s stock were exchanged, compared to its average volume of 392,512. Artisan Partners Asset Management has a 1-year low of $26.29 and a 1-year high of $41.45. The stock has a market capitalization of $2.13 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 0.99 and a beta of 1.70. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.46.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 8.83%. The ex-dividend date of this dividend is Thursday, November 15th. Artisan Partners Asset Management’s payout ratio is presently 99.59%.

Several institutional investors and hedge funds have recently modified their holdings of the company. DekaBank Deutsche Girozentrale increased its stake in shares of Artisan Partners Asset Management by 45.9% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 188,249 shares of the asset manager’s stock valued at $6,201,000 after acquiring an additional 59,200 shares in the last quarter. Wesbanco Bank Inc. bought a new stake in shares of Artisan Partners Asset Management in the 3rd quarter valued at $209,000. BlackRock Inc. increased its stake in shares of Artisan Partners Asset Management by 2.2% in the 3rd quarter. BlackRock Inc. now owns 3,375,900 shares of the asset manager’s stock valued at $109,379,000 after acquiring an additional 71,695 shares in the last quarter. Swiss National Bank increased its stake in shares of Artisan Partners Asset Management by 2.9% in the 3rd quarter. Swiss National Bank now owns 89,400 shares of the asset manager’s stock valued at $2,897,000 after acquiring an additional 2,500 shares in the last quarter. Finally, Zeke Capital Advisors LLC bought a new stake in shares of Artisan Partners Asset Management in the 3rd quarter valued at $263,000. 62.85% of the stock is currently owned by institutional investors.

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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