Artisan Partners Asset Management Inc (NYSE:APAM) – Jefferies Financial Group boosted their Q2 2019 earnings estimates for shares of Artisan Partners Asset Management in a report issued on Tuesday, July 9th. Jefferies Financial Group analyst D. Fannon now expects that the asset manager will post earnings per share of $0.65 for the quarter, up from their previous estimate of $0.63. Jefferies Financial Group also issued estimates for Artisan Partners Asset Management’s Q3 2019 earnings at $0.71 EPS, Q4 2019 earnings at $0.72 EPS, FY2019 earnings at $2.62 EPS, Q1 2020 earnings at $0.65 EPS, Q2 2020 earnings at $0.73 EPS, Q3 2020 earnings at $0.75 EPS, Q4 2020 earnings at $0.77 EPS and FY2020 earnings at $2.90 EPS.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, April 30th. The asset manager reported $0.55 earnings per share (EPS) for the quarter, hitting the 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 company 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 business earned $0.78 earnings per share. The business’s quarterly revenue was down 11.8% compared to the same quarter last year.

Other equities analysts have also recently issued research reports about the stock. TheStreet raised shares of Vectrus from a “c+” rating to a “b” rating in a research note on Monday, April 15th. Bank of America set a $180.00 target price on shares of CME Group and gave the company a “hold” rating in a research note on Tuesday, April 9th. Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine lowered shares of Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research report on Tuesday, April 9th. Finally, Citigroup lifted their price target on shares of T. Rowe Price Group from $98.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.80.

Artisan Partners Asset Management stock opened at $28.43 on Wednesday. The company has a debt-to-equity ratio of 3.30, a quick ratio of 0.54 and a current ratio of 0.54. Artisan Partners Asset Management has a 1 year low of $20.16 and a 1 year high of $35.50. The business has a 50-day simple moving average of $26.24. The company has a market cap of $2.11 billion, a P/E ratio of 9.67, a P/E/G ratio of 1.54 and a beta of 1.85.

Large investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. increased its stake in Artisan Partners Asset Management by 230.6% in the 1st quarter. Meeder Asset Management Inc. now owns 3,065 shares of the asset manager’s stock worth $77,000 after acquiring an additional 2,138 shares during the last quarter. O Shaughnessy Asset Management LLC increased its stake in Artisan Partners Asset Management by 65.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 4,469 shares of the asset manager’s stock worth $112,000 after acquiring an additional 1,767 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Artisan Partners Asset Management by 7.5% in the 4th quarter. Great West Life Assurance Co. Can now owns 7,268 shares of the asset manager’s stock worth $153,000 after acquiring an additional 504 shares during the last quarter. SG Americas Securities LLC bought a new position in Artisan Partners Asset Management in the 1st quarter worth about $156,000. Finally, NumerixS Investment Technologies Inc bought a new position in Artisan Partners Asset Management in the 1st quarter worth about $182,000. Institutional investors own 63.55% of the company’s stock.

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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