FY2022 Earnings Estimate for Artisan Partners Asset Management Inc. Issued By Jefferies Financial Group (NYSE:APAM)

Artisan Partners Asset Management Inc. (NYSE:APAMGet Rating) – Stock analysts at Jefferies Financial Group reduced their FY2022 earnings per share estimates for shares of Artisan Partners Asset Management in a research report issued on Tuesday, April 26th. Jefferies Financial Group analyst D. Fannon now forecasts that the asset manager will earn $3.85 per share for the year, down from their prior estimate of $4.03.

APAM has been the subject of a number of other reports. Citigroup decreased their target price on Artisan Partners Asset Management from $41.50 to $36.50 and set a “neutral” rating for the company in a research report on Tuesday, April 12th. The Goldman Sachs Group downgraded Artisan Partners Asset Management from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $55.00 to $48.00 in a research report on Tuesday, January 4th. Finally, StockNews.com downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Artisan Partners Asset Management has a consensus rating of “Hold” and a consensus price target of $49.79.

Shares of APAM opened at $33.75 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.67. The stock has a 50 day moving average of $37.67 and a 200 day moving average of $43.19. Artisan Partners Asset Management has a 12 month low of $33.49 and a 12 month high of $57.21. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of 6.66 and a beta of 1.78.

Artisan Partners Asset Management (NYSE:APAMGet Rating) last issued its quarterly earnings results on Tuesday, April 26th. The asset manager reported $0.98 EPS for the quarter, missing the Zacks’ consensus estimate of $1.03 by ($0.05). The business had revenue of $281.60 million for the quarter, compared to analysts’ expectations of $294.03 million. Artisan Partners Asset Management had a net margin of 27.42% and a return on equity of 157.99%. The business’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.13 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Stockholders of record on Tuesday, May 17th will be issued a dividend of $0.76 per share. The ex-dividend date of this dividend is Monday, May 16th. This represents a $3.04 annualized dividend and a dividend yield of 9.01%. Artisan Partners Asset Management’s payout ratio is 81.26%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in APAM. First Republic Investment Management Inc. increased its stake in shares of Artisan Partners Asset Management by 2.8% in the 3rd quarter. First Republic Investment Management Inc. now owns 7,437 shares of the asset manager’s stock worth $364,000 after purchasing an additional 205 shares in the last quarter. MML Investors Services LLC increased its stake in Artisan Partners Asset Management by 4.5% in the 3rd quarter. MML Investors Services LLC now owns 8,314 shares of the asset manager’s stock worth $407,000 after buying an additional 359 shares in the last quarter. Legal & General Group Plc increased its stake in Artisan Partners Asset Management by 0.7% in the 4th quarter. Legal & General Group Plc now owns 51,761 shares of the asset manager’s stock worth $2,466,000 after buying an additional 366 shares in the last quarter. Guggenheim Capital LLC increased its stake in Artisan Partners Asset Management by 5.2% in the 3rd quarter. Guggenheim Capital LLC now owns 7,659 shares of the asset manager’s stock worth $375,000 after buying an additional 378 shares in the last quarter. Finally, Lokken Investment Group LLC increased its stake in Artisan Partners Asset Management by 3.6% in the 4th quarter. Lokken Investment Group LLC now owns 11,118 shares of the asset manager’s stock worth $530,000 after buying an additional 389 shares in the last quarter. 68.45% of the stock is currently owned by hedge funds and other institutional investors.

Artisan Partners Asset Management Company Profile (Get Rating)

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.

See Also

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

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