Brokerages expect Artisan Partners Asset Management Inc (NYSE:APAM) to report sales of $207.25 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Artisan Partners Asset Management’s earnings, with estimates ranging from $202.40 million to $212.10 million. Artisan Partners Asset Management posted sales of $210.70 million during the same quarter last year, which would indicate a negative year over year growth rate of 1.6%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 5th.

According to Zacks, analysts expect that Artisan Partners Asset Management will report full year sales of $844.35 million for the current year, with estimates ranging from $839.50 million to $849.20 million. For the next year, analysts expect that the business will report sales of $826.55 million, with estimates ranging from $771.10 million to $882.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Artisan Partners Asset Management.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, October 30th. The asset manager reported $0.79 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.03. The company had revenue of $212.80 million for the quarter, compared to analysts’ expectations of $212.17 million. Artisan Partners Asset Management had a net margin of 11.60% and a return on equity of 199.82%. The business’s revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS.

A number of research firms have recently issued reports on APAM. ValuEngine raised shares of Artisan Partners Asset Management from a “strong sell” rating to a “sell” rating in a research report on Saturday, July 28th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $34.00 price objective on shares of Artisan Partners Asset Management in a research report on Thursday, August 2nd. Bank of America increased their price objective on shares of Artisan Partners Asset Management from $33.00 to $34.00 and gave the stock an “underperform” rating in a research report on Thursday, August 2nd. Zacks Investment Research cut shares of Artisan Partners Asset Management from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Finally, Royal Bank of Canada set a $34.00 price objective on shares of Artisan Partners Asset Management and gave the stock a “buy” rating in a research report on Thursday, November 1st. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Artisan Partners Asset Management has an average rating of “Hold” and a consensus target price of $32.80.

A number of hedge funds and other institutional investors have recently made changes to their positions in APAM. Raymond James Financial Services Advisors Inc. bought a new position in Artisan Partners Asset Management in the 2nd quarter valued at about $203,000. We Are One Seven LLC bought a new position in Artisan Partners Asset Management in the 3rd quarter valued at about $207,000. IFG Advisory LLC bought a new position in Artisan Partners Asset Management in the 3rd quarter valued at about $207,000. Wesbanco Bank Inc. bought a new position in Artisan Partners Asset Management in the 3rd quarter valued at about $209,000. Finally, Hartford Investment Management Co. bought a new position in Artisan Partners Asset Management in the 2nd quarter valued at about $224,000. 62.58% of the stock is currently owned by institutional investors and hedge funds.

APAM stock opened at $26.55 on Wednesday. The stock has a market cap of $2.09 billion, a PE ratio of 11.02, a P/E/G ratio of 0.97 and a beta of 1.70. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.46. Artisan Partners Asset Management has a 1 year low of $26.29 and a 1 year high of $41.45.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be given a $0.60 dividend. The ex-dividend date is Thursday, November 15th. This represents a $2.40 annualized dividend and a yield of 9.04%. Artisan Partners Asset Management’s payout ratio is 99.59%.

About Artisan Partners Asset Management

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.

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

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