Artisan Partners Asset Management Inc. (NYSE:APAM) – Equities researchers at Jefferies Group increased their FY2017 earnings estimates for Artisan Partners Asset Management in a note issued to investors on Tuesday. Jefferies Group analyst S. Thind now anticipates that the asset manager will post earnings per share of $2.42 for the year, up from their prior estimate of $2.37. Jefferies Group has a “Hold” rating and a $32.00 price objective on the stock. Jefferies Group also issued estimates for Artisan Partners Asset Management’s Q4 2017 earnings at $0.67 EPS, Q1 2018 earnings at $0.63 EPS, Q2 2018 earnings at $0.68 EPS, Q3 2018 earnings at $0.73 EPS, Q4 2018 earnings at $0.76 EPS, FY2018 earnings at $2.80 EPS and FY2019 earnings at $3.18 EPS.

Other equities research analysts have also issued reports about the company. Keefe, Bruyette & Woods lowered Artisan Partners Asset Management from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $32.00 to $33.00 in a report on Wednesday, August 2nd. BidaskClub lowered Artisan Partners Asset Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 28th. Zacks Investment Research downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Sidoti raised Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a research note on Friday, August 4th. They noted that the move was a valuation call. Finally, Royal Bank Of Canada set a $36.00 price objective on Artisan Partners Asset Management and gave the company a “buy” rating in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $31.93.

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Shares of Artisan Partners Asset Management (NYSE APAM) opened at $36.65 on Friday. The stock has a market capitalization of $2,770.00, a PE ratio of 17.97, a PEG ratio of 1.57 and a beta of 1.77. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.40 and a current ratio of 0.40. Artisan Partners Asset Management has a 1-year low of $26.30 and a 1-year high of $37.55.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.02. The firm had revenue of $204.60 million during the quarter, compared to analyst estimates of $204.53 million. Artisan Partners Asset Management had a return on equity of 95.09% and a net margin of 12.58%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the company posted $0.56 EPS.

A number of hedge funds and other institutional investors have recently modified their holdings of APAM. Vanguard Group Inc. increased its position in Artisan Partners Asset Management by 21.7% in the 1st quarter. Vanguard Group Inc. now owns 3,767,507 shares of the asset manager’s stock worth $103,983,000 after buying an additional 671,858 shares during the period. State Street Corp grew its holdings in shares of Artisan Partners Asset Management by 63.7% during the 2nd quarter. State Street Corp now owns 1,037,204 shares of the asset manager’s stock worth $31,842,000 after purchasing an additional 403,737 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Artisan Partners Asset Management by 93.6% during the 2nd quarter. Northern Trust Corp now owns 734,735 shares of the asset manager’s stock worth $22,556,000 after purchasing an additional 355,272 shares in the last quarter. Teachers Advisors LLC grew its holdings in shares of Artisan Partners Asset Management by 686.1% during the 2nd quarter. Teachers Advisors LLC now owns 337,536 shares of the asset manager’s stock worth $10,362,000 after purchasing an additional 294,599 shares in the last quarter. Finally, Capital World Investors grew its holdings in shares of Artisan Partners Asset Management by 34.3% during the 2nd quarter. Capital World Investors now owns 705,000 shares of the asset manager’s stock worth $21,644,000 after purchasing an additional 180,000 shares in the last quarter. 64.58% of the stock is currently owned by institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 16th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 6.55%. The ex-dividend date is Wednesday, November 15th. Artisan Partners Asset Management’s dividend payout ratio is currently 129.03%.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.

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

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