Artisan Partners Asset Management Inc. (NYSE:APAM) to Post Q2 2022 Earnings of $0.93 Per Share, Jefferies Financial Group Forecasts

Artisan Partners Asset Management Inc. (NYSE:APAMGet Rating) – Equities researchers at Jefferies Financial Group decreased their Q2 2022 earnings estimates for Artisan Partners Asset Management in a report released on Tuesday, April 26th. Jefferies Financial Group analyst D. Fannon now expects that the asset manager will earn $0.93 per share for the quarter, down from their prior forecast of $0.99. Jefferies Financial Group also issued estimates for Artisan Partners Asset Management’s Q3 2022 earnings at $0.96 EPS, Q4 2022 earnings at $0.99 EPS, Q1 2023 earnings at $0.98 EPS, Q2 2023 earnings at $1.06 EPS, Q3 2023 earnings at $1.10 EPS, Q4 2023 earnings at $1.14 EPS and FY2023 earnings at $4.28 EPS.

A number of other research analysts have also recently commented on the stock. Citigroup dropped their target price on shares of 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. The Goldman Sachs Group cut shares of Artisan Partners Asset Management from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $55.00 to $48.00 in a research note on Tuesday, January 4th. Finally, StockNews.com lowered 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 assigned a buy rating to the stock. Based on data from MarketBeat, Artisan Partners Asset Management currently has an average rating of “Hold” and a consensus target price of $49.79.

NYSE APAM opened at $33.60 on Friday. 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 1-year low of $32.51 and a 1-year high of $57.21. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 6.63 and a beta of 1.78. The company has a 50 day moving average of $37.56 and a 200-day moving average of $43.09.

Artisan Partners Asset Management (NYSE:APAMGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The asset manager reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.05). The firm had revenue of $281.60 million during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business earned $1.13 EPS.

A number of hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. lifted its stake 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 buying an additional 818,795 shares during the period. BlackRock Inc. lifted its position 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 period. Norges Bank acquired a new position in shares of Artisan Partners Asset Management during the 4th quarter valued at $23,710,000. Vaughan Nelson Investment Management L.P. bought a new position in Artisan Partners Asset Management during the fourth quarter worth $15,461,000. Finally, Atlanta Capital Management Co. L L C grew its holdings 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 worth $51,049,000 after purchasing an additional 183,101 shares during the period. Institutional investors and hedge funds own 68.45% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Tuesday, May 17th will be paid a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 9.05%. The ex-dividend date is Monday, May 16th. Artisan Partners Asset Management’s dividend payout ratio is presently 81.26%.

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.

Further Reading

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

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