Artisan Partners Asset Management Inc Forecasted to Post Q3 2018 Earnings of $0.76 Per Share (APAM)

Artisan Partners Asset Management Inc (NYSE:APAM) – Investment analysts at Jefferies Financial Group reduced their Q3 2018 EPS estimates for Artisan Partners Asset Management in a research report issued to clients and investors on Wednesday, October 10th. Jefferies Financial Group analyst D. Fannon now forecasts that the asset manager will earn $0.76 per share for the quarter, down from their previous forecast of $0.79. Jefferies Financial Group also issued estimates for Artisan Partners Asset Management’s Q4 2018 earnings at $0.79 EPS, FY2018 earnings at $3.08 EPS and FY2019 earnings at $3.45 EPS.

APAM has been the topic of several other reports. ValuEngine raised Artisan Partners Asset Management from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 28th. Zacks Investment Research downgraded Artisan Partners Asset Management from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Bank of America increased their price target on Artisan Partners Asset Management from $33.00 to $34.00 and gave the stock an “underperform” rating in a research report on Thursday, August 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $34.00 price target on shares of Artisan Partners Asset Management in a research report on Thursday, August 2nd. Three analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $37.25.

Shares of APAM opened at $28.86 on Thursday. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 11.98, a P/E/G ratio of 0.95 and a beta of 1.73. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.71 and a current ratio of 0.71. Artisan Partners Asset Management has a fifty-two week low of $28.37 and a fifty-two week high of $41.45.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, July 31st. The asset manager reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.01. The firm had revenue of $212.30 million for the quarter, compared to the consensus estimate of $208.46 million. Artisan Partners Asset Management had a return on equity of 181.69% and a net margin of 10.30%. The firm’s revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 EPS.

A number of institutional investors and hedge funds have recently made changes to their positions in APAM. BlackRock Inc. grew its position in Artisan Partners Asset Management by 12.8% during the 2nd quarter. BlackRock Inc. now owns 3,304,205 shares of the asset manager’s stock worth $99,621,000 after purchasing an additional 376,142 shares during the period. Epoch Investment Partners Inc. grew its position in shares of Artisan Partners Asset Management by 66.2% during the 2nd quarter. Epoch Investment Partners Inc. now owns 887,619 shares of the asset manager’s stock valued at $26,762,000 after acquiring an additional 353,647 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of Artisan Partners Asset Management during the 2nd quarter valued at about $8,913,000. Royce & Associates LP grew its position in shares of Artisan Partners Asset Management by 30.8% during the 2nd quarter. Royce & Associates LP now owns 1,176,525 shares of the asset manager’s stock valued at $35,472,000 after acquiring an additional 276,800 shares during the period. Finally, Allianz Asset Management GmbH grew its position in shares of Artisan Partners Asset Management by 157.0% during the 1st quarter. Allianz Asset Management GmbH now owns 319,346 shares of the asset manager’s stock valued at $10,634,000 after acquiring an additional 195,105 shares during the period. 62.04% of the stock is currently owned by institutional investors.

About Artisan Partners Asset Management

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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