Artisan Partners Asset Management Inc. (NYSE:APAM) – Research analysts at Jefferies Financial Group lowered their Q3 2021 EPS estimates for shares of Artisan Partners Asset Management in a research report issued to clients and investors on Monday, October 11th. Jefferies Financial Group analyst D. Fannon now expects that the asset manager will earn $1.27 per share for the quarter, down from their previous estimate of $1.28. Jefferies Financial Group also issued estimates for Artisan Partners Asset Management’s Q4 2021 earnings at $1.27 EPS, FY2021 earnings at $4.95 EPS, Q3 2022 earnings at $1.33 EPS, Q4 2022 earnings at $1.37 EPS, FY2022 earnings at $5.22 EPS and FY2023 earnings at $5.49 EPS.
APAM has been the subject of several other research reports. Keefe, Bruyette & Woods cut shares of Artisan Partners Asset Management from an “outperform” rating to a “market perform” rating and set a $55.00 price target for the company. in a research report on Monday, July 12th. cut their target price on Artisan Partners Asset Management from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, June 17th. Citigroup restated a “neutral” rating and set a $49.05 target price (down from $50.00) on shares of Artisan Partners Asset Management in a research report on Tuesday, July 27th. Finally, Zacks Investment Research upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Monday, October 4th.
Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, August 3rd. The asset manager reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.07. The company had revenue of $304.90 million during the quarter, compared to the consensus estimate of $302.40 million. Artisan Partners Asset Management had a return on equity of 175.52% and a net margin of 27.27%.
Several hedge funds have recently modified their holdings of the company. Eagle Bay Advisors LLC acquired a new stake in shares of Artisan Partners Asset Management during the second quarter worth $28,000. Harbour Investments Inc. bought a new position in Artisan Partners Asset Management during the 1st quarter worth about $28,000. Logan Capital Management Inc. acquired a new stake in shares of Artisan Partners Asset Management in the 1st quarter valued at about $37,000. HM Payson & Co. acquired a new stake in shares of Artisan Partners Asset Management in the 2nd quarter valued at about $42,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Artisan Partners Asset Management by 97.7% in the second quarter. Parkside Financial Bank & Trust now owns 929 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 459 shares in the last quarter. 69.07% of the stock is owned by institutional investors.
The business also recently declared a quarterly dividend, which was paid on Tuesday, August 31st. Shareholders of record on Tuesday, August 17th were paid a $1.00 dividend. The ex-dividend date was Monday, August 16th. This represents a $4.00 dividend on an annualized basis and a yield of 8.66%. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.88. Artisan Partners Asset Management’s payout ratio is presently 120.12%.
Artisan Partners Asset Management Company Profile
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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