Q2 2022 Earnings Estimate for Artisan Partners Asset Management Inc. (NYSE:APAM) Issued By Jefferies Financial Group

Artisan Partners Asset Management Inc. (NYSE:APAMGet Rating) – Analysts at Jefferies Financial Group increased their Q2 2022 earnings estimates for shares of Artisan Partners Asset Management in a research note issued to investors on Monday, April 11th. Jefferies Financial Group analyst D. Fannon now forecasts that the asset manager will post earnings of $0.99 per share for the quarter, up from their prior estimate of $0.98. Jefferies Financial Group also issued estimates for Artisan Partners Asset Management’s Q3 2022 earnings at $1.02 EPS, Q4 2022 earnings at $1.04 EPS, Q1 2023 earnings at $1.03 EPS, Q2 2023 earnings at $1.10 EPS, Q3 2023 earnings at $1.14 EPS, Q4 2023 earnings at $1.17 EPS and FY2023 earnings at $4.44 EPS.

Artisan Partners Asset Management (NYSE:APAMGet Rating) last issued its quarterly earnings data on Tuesday, February 1st. The asset manager reported $1.29 EPS for the quarter, beating the consensus estimate of $1.25 by $0.04. The firm had revenue of $315.00 million during the quarter, compared to the consensus estimate of $315.87 million. Artisan Partners Asset Management had a net margin of 27.42% and a return on equity of 157.99%. The company’s quarterly revenue was up 20.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.06 earnings per share.

Several other brokerages also recently commented on APAM. Evercore ISI began coverage on shares of Artisan Partners Asset Management in a research note on Wednesday, December 22nd. They set an “inline” rating and a $48.00 price objective for the company. Citigroup decreased their price target on shares of Artisan Partners Asset Management from $41.50 to $36.50 and set a “neutral” rating for the company in a research note on Tuesday. The Goldman Sachs Group downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $55.00 to $48.00 in a research note on Tuesday, January 4th. Finally, StockNews.com downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Tuesday, April 5th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $49.79.

Shares of NYSE:APAM opened at $37.74 on Wednesday. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 7.44 and a beta of 1.78. The company has a 50-day moving average price of $38.51 and a 200-day moving average price of $44.17. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.67. Artisan Partners Asset Management has a 12 month low of $33.93 and a 12 month high of $57.65.

Institutional investors and hedge funds have recently made changes to their positions in the business. Richard P Slaughter Associates Inc grew its holdings in shares of Artisan Partners Asset Management by 35.0% during the first quarter. Richard P Slaughter Associates Inc now owns 45,717 shares of the asset manager’s stock valued at $1,798,000 after buying an additional 11,846 shares during the last quarter. Twelve Points Wealth Management LLC purchased a new stake in shares of Artisan Partners Asset Management during the fourth quarter valued at approximately $476,000. Norges Bank purchased a new stake in shares of Artisan Partners Asset Management during the fourth quarter valued at approximately $23,710,000. Ascent Group LLC purchased a new stake in shares of Artisan Partners Asset Management during the fourth quarter valued at approximately $1,029,000. Finally, Barclays PLC grew its holdings in shares of Artisan Partners Asset Management by 130.1% during the fourth quarter. Barclays PLC now owns 87,053 shares of the asset manager’s stock valued at $4,147,000 after buying an additional 49,215 shares during the last quarter. Institutional investors and hedge funds own 68.45% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 28th. Shareholders of record on Monday, February 14th were issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 18.55%. The ex-dividend date of this dividend was Friday, February 11th. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $1.07. Artisan Partners Asset Management’s dividend payout ratio 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.

See Also

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

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