Analysts expect Artisan Partners Asset Management Inc (NYSE:APAM) to announce earnings of $0.65 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Artisan Partners Asset Management’s earnings, with the highest EPS estimate coming in at $0.66 and the lowest estimate coming in at $0.63. Artisan Partners Asset Management reported earnings per share of $0.76 in the same quarter last year, which suggests a negative year over year growth rate of 14.5%. The company is expected to report its next earnings results on Tuesday, July 30th.

On average, analysts expect that Artisan Partners Asset Management will report full-year earnings of $2.59 per share for the current year, with EPS estimates ranging from $2.56 to $2.64. For the next year, analysts forecast that the firm will post earnings of $2.80 per share, with EPS estimates ranging from $2.65 to $2.93. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Artisan Partners Asset Management.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, April 30th. The asset manager reported $0.55 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.55. Artisan Partners Asset Management had a net margin of 18.48% and a return on equity of 172.79%. The business had revenue of $187.00 million during the quarter, compared to analyst estimates of $186.26 million. During the same quarter in the prior year, the firm earned $0.78 earnings per share. The company’s revenue for the quarter was down 11.8% compared to the same quarter last year.

APAM has been the subject of a number of analyst reports. Citigroup raised shares of Artisan Partners Asset Management from a “sell” rating to a “neutral” rating and set a $25.00 price objective for the company in a report on Monday, April 15th. ValuEngine raised shares of Artisan Partners Asset Management from a “strong sell” rating to a “sell” rating in a report on Tuesday, April 9th. Zacks Investment Research raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, April 9th. TheStreet raised shares of Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a report on Monday, April 15th. Finally, Bank of America set a $25.00 price objective on shares of Artisan Partners Asset Management and gave the company a “sell” rating in a report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Artisan Partners Asset Management currently has an average rating of “Hold” and an average price target of $29.60.

Shares of Artisan Partners Asset Management stock traded up $0.04 during trading hours on Tuesday, reaching $25.43. 665,071 shares of the company’s stock were exchanged, compared to its average volume of 483,035. Artisan Partners Asset Management has a 1 year low of $20.16 and a 1 year high of $35.50. The firm has a market capitalization of $2.03 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 1.49 and a beta of 1.78. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 3.30.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 8.65%. The ex-dividend date is Thursday, May 16th. Artisan Partners Asset Management’s dividend payout ratio is currently 76.19%.

In related news, insider Jason A. Gottlieb sold 10,000 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $26.18, for a total value of $261,800.00. Following the completion of the sale, the insider now owns 101,710 shares of the company’s stock, valued at $2,662,767.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 24.44% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Pearl River Capital LLC purchased a new position in Artisan Partners Asset Management during the fourth quarter worth about $70,000. Meeder Asset Management Inc. lifted its position in shares of Artisan Partners Asset Management by 230.6% during the first quarter. Meeder Asset Management Inc. now owns 3,065 shares of the asset manager’s stock worth $77,000 after purchasing an additional 2,138 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Artisan Partners Asset Management by 65.4% during the first quarter. O Shaughnessy Asset Management LLC now owns 4,469 shares of the asset manager’s stock worth $112,000 after purchasing an additional 1,767 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Artisan Partners Asset Management by 7.5% during the fourth quarter. Great West Life Assurance Co. Can now owns 7,268 shares of the asset manager’s stock worth $153,000 after purchasing an additional 504 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Artisan Partners Asset Management during the first quarter worth about $156,000. 63.55% of the stock is owned by institutional investors.

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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