Artisan Partners Asset Management (APAM) Scheduled to Post Quarterly Earnings on Tuesday

Artisan Partners Asset Management (NYSE:APAMGet Rating) is scheduled to be announcing its earnings results after the market closes on Tuesday, April 26th. Analysts expect the company to announce earnings of $0.98 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Artisan Partners Asset Management (NYSE:APAMGet Rating) last announced its earnings results on Tuesday, February 1st. The asset manager reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.25 by $0.04. Artisan Partners Asset Management had a return on equity of 157.99% and a net margin of 27.42%. The business had revenue of $315.00 million during the quarter, compared to analysts’ expectations of $315.87 million. During the same quarter last year, the business posted $1.06 earnings per share. The company’s quarterly revenue was up 20.6% on a year-over-year basis. On average, analysts expect Artisan Partners Asset Management to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of APAM stock opened at $36.52 on Tuesday. The company’s 50-day moving average price is $38.26. Artisan Partners Asset Management has a fifty-two week low of $33.93 and a fifty-two week high of $57.21. The company has a market capitalization of $2.89 billion, a PE ratio of 7.18 and a beta of 1.78. 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 company also recently announced a quarterly dividend, which was paid on Monday, February 28th. Investors of record on Monday, February 14th were paid a dividend of $1.75 per share. The ex-dividend date was Friday, February 11th. This represents a $7.00 annualized dividend and a yield of 19.17%. This is a boost from Artisan Partners Asset Management’s previous quarterly dividend of $1.07. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 81.26%.

APAM has been the subject of several analyst reports. Evercore ISI initiated coverage on Artisan Partners Asset Management in a report on Wednesday, December 22nd. They set an “inline” rating and a $48.00 target price for the company. The Goldman Sachs Group downgraded Artisan Partners Asset Management from a “buy” rating to a “neutral” rating and reduced their target price for the company from $55.00 to $48.00 in a report on Tuesday, January 4th. StockNews.com downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday. Finally, Citigroup reduced their target price on Artisan Partners Asset Management from $41.50 to $36.50 and set a “neutral” rating for the company in a report on Tuesday, April 12th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Artisan Partners Asset Management currently has a consensus rating of “Hold” and a consensus price target of $49.79.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Artisan Partners Asset Management by 11.1% during the 4th 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. Wealthsource Partners LLC acquired a new position in shares of Artisan Partners Asset Management during the 4th quarter valued at about $222,000. Goldman Sachs Group Inc. increased its holdings in shares of Artisan Partners Asset Management by 62.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 233,003 shares of the asset manager’s stock valued at $11,100,000 after acquiring an additional 89,801 shares during the last quarter. Kingsview Wealth Management LLC increased its holdings in shares of Artisan Partners Asset Management by 20.6% during the 4th quarter. Kingsview Wealth Management LLC now owns 16,538 shares of the asset manager’s stock valued at $788,000 after acquiring an additional 2,830 shares during the last quarter. Finally, California State Teachers Retirement System increased its holdings in shares of Artisan Partners Asset Management by 2.2% during the 4th quarter. California State Teachers Retirement System now owns 86,716 shares of the asset manager’s stock valued at $4,131,000 after acquiring an additional 1,854 shares during the last quarter. 68.45% of the stock is currently owned by institutional investors and hedge funds.

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

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