Q1 2022 EPS Estimates for Artisan Partners Asset Management Inc. Cut by Jefferies Financial Group (NYSE:APAM)

Artisan Partners Asset Management Inc. (NYSE:APAM – Get Rating) – Jefferies Financial Group cut their Q1 2022 EPS estimates for Artisan Partners Asset Management in a research report issued on Monday, April 11th. Jefferies Financial Group analyst D. Fannon now anticipates that the asset manager will earn $0.98 per share for the quarter, down from their previous estimate of $1.01.

Artisan Partners Asset Management (NYSE:APAM – Get Rating) last issued its quarterly earnings results on Tuesday, February 1st. The asset manager reported $1.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.25 by $0.04. The firm had revenue of $315.00 million for the quarter, compared to analyst estimates of $315.87 million. Artisan Partners Asset Management had a return on equity of 157.99% and a net margin of 27.42%. The business’s revenue was up 20.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.06 earnings per share.

Other equities research analysts also recently issued research reports about the company. StockNews.com downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th. The Goldman Sachs Group cut Artisan Partners Asset Management from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $55.00 to $48.00 in a research report on Tuesday, January 4th. Finally, Evercore ISI assumed coverage on Artisan Partners Asset Management in a research report on Wednesday, December 22nd. They issued an “inline” rating and a $48.00 target price for the company. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Artisan Partners Asset Management has a consensus rating of “Hold” and a consensus target price of $51.43.

NYSE APAM opened at $38.20 on Tuesday. Artisan Partners Asset Management has a fifty-two week low of $33.93 and a fifty-two week high of $57.65. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of 7.53 and a beta of 1.78. The stock’s fifty day moving average is $38.60.

A number of institutional investors have recently modified their holdings of APAM. Victory Capital Management Inc. boosted its holdings in Artisan Partners Asset Management by 11,578.0% in the fourth quarter. Victory Capital Management Inc. now owns 825,867 shares of the asset manager’s stock valued at $39,344,000 after acquiring an additional 818,795 shares during the last quarter. BlackRock Inc. boosted its holdings in Artisan Partners Asset Management by 11.1% in the fourth quarter. BlackRock Inc. now owns 5,035,039 shares of the asset manager’s stock valued at $239,870,000 after acquiring an additional 502,899 shares during the last quarter. Norges Bank purchased a new position in Artisan Partners Asset Management in the fourth quarter valued at about $23,710,000. Vaughan Nelson Investment Management L.P. purchased a new position in Artisan Partners Asset Management in the fourth quarter valued at about $15,461,000. Finally, Atlanta Capital Management Co. L L C raised its position in Artisan Partners Asset Management by 20.6% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 1,071,549 shares of the asset manager’s stock valued at $51,049,000 after purchasing an additional 183,101 shares during the period. Hedge funds and other institutional investors own 68.45% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 28th. Stockholders of record on Monday, February 14th were issued a dividend of $1.75 per share. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $1.07. The ex-dividend date was Friday, February 11th. This represents a $7.00 annualized dividend and a dividend yield of 18.32%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 81.26%.

Artisan Partners Asset Management Company Profile (Get Rating)

Artisan Partners Asset Management, Inc operates as an investment management company, which provides investment strategies to clients globally. It offers investment management services to institutions and through intermediaries that operate with institutional-like decision-making processes and have longer-term investment horizons, by means of separate accounts and mutual funds.

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