Q1 2018 EPS Estimates for Artisan Partners Asset Management Inc (APAM) Cut by William Blair
Artisan Partners Asset Management Inc (NYSE:APAM) – Analysts at William Blair decreased their Q1 2018 earnings per share estimates for shares of Artisan Partners Asset Management in a research report issued on Wednesday. William Blair analyst C. Shutler now forecasts that the asset manager will earn $0.71 per share for the quarter, down from their prior forecast of $0.75. William Blair also issued estimates for Artisan Partners Asset Management’s Q2 2018 earnings at $0.73 EPS, Q3 2018 earnings at $0.77 EPS, Q4 2018 earnings at $0.84 EPS and FY2018 earnings at $3.06 EPS.
A number of other research analysts have also issued reports on APAM. Royal Bank of Canada set a $36.00 price target on Artisan Partners Asset Management and gave the stock a “buy” rating in a research report on Wednesday, October 18th. BidaskClub downgraded Artisan Partners Asset Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 28th. ValuEngine downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $40.00 price objective on shares of Artisan Partners Asset Management in a research note on Friday, December 22nd. Finally, Bank of America dropped their price objective on Artisan Partners Asset Management from $38.00 to $36.00 and set an “underperform” rating on the stock in a research note on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Artisan Partners Asset Management currently has a consensus rating of “Hold” and a consensus price target of $37.17.
Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, February 6th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.02). Artisan Partners Asset Management had a net margin of 6.23% and a return on equity of 111.29%. The company had revenue of $210.70 million for the quarter, compared to analyst estimates of $211.23 million. During the same quarter in the prior year, the firm earned $0.53 EPS. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year.
Several institutional investors have recently made changes to their positions in APAM. Ameritas Investment Partners Inc. acquired a new stake in shares of Artisan Partners Asset Management during the second quarter worth $120,000. New York State Teachers Retirement System acquired a new stake in shares of Artisan Partners Asset Management during the third quarter worth $127,000. Great West Life Assurance Co. Can raised its position in Artisan Partners Asset Management by 51.2% during the third quarter. Great West Life Assurance Co. Can now owns 5,413 shares of the asset manager’s stock valued at $176,000 after buying an additional 1,832 shares during the period. SG Americas Securities LLC acquired a new position in Artisan Partners Asset Management during the third quarter valued at $192,000. Finally, Ausdal Financial Partners Inc. acquired a new position in Artisan Partners Asset Management during the fourth quarter valued at $205,000. 63.41% of the stock is currently owned by institutional investors.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 7.20%. The ex-dividend date of this dividend is Tuesday, February 13th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 315.79%.
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.
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