Analysts expect that Artisan Partners Asset Management Inc. (NYSE:APAM) will post $203.70 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Artisan Partners Asset Management’s earnings, with the highest sales estimate coming in at $204.40 million and the lowest estimate coming in at $203.00 million. Artisan Partners Asset Management reported sales of $184.10 million during the same quarter last year, which would suggest a positive year over year growth rate of 10.6%. The business is scheduled to issue its next earnings results after the market closes on Tuesday, October 31st.

According to Zacks, analysts expect that Artisan Partners Asset Management will report full year sales of $203.70 million for the current year, with estimates ranging from $788.90 million to $794.40 million. For the next year, analysts anticipate that the business will report sales of $862.85 million per share, with estimates ranging from $842.20 million to $883.50 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Artisan Partners Asset Management.

Artisan Partners Asset Management (NYSE:APAM) last announced its earnings results on Monday, July 31st. The asset manager reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.01). The firm had revenue of $196.20 million during the quarter, compared to analysts’ expectations of $194.25 million. Artisan Partners Asset Management had a net margin of 11.37% and a return on equity of 78.75%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 EPS.

A number of brokerages recently issued reports on APAM. Royal Bank Of Canada set a $36.00 price target on Artisan Partners Asset Management and gave the company a “buy” rating in a report on Wednesday, October 18th. Zacks Investment Research cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, August 11th. BidaskClub raised Artisan Partners Asset Management from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 28th. Jefferies Group LLC reaffirmed a “hold” rating on shares of Artisan Partners Asset Management in a report on Friday, August 18th. Finally, Sidoti raised Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a report on Friday, August 4th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Artisan Partners Asset Management presently has an average rating of “Buy” and a consensus price target of $30.56.

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Shares of Artisan Partners Asset Management (NYSE APAM) traded down 0.28% during trading on Friday, hitting $35.80. 325,142 shares of the company were exchanged. Artisan Partners Asset Management has a 12 month low of $24.48 and a 12 month high of $36.15. The company’s 50-day moving average price is $32.58 and its 200 day moving average price is $30.52. The stock has a market cap of $1.78 billion, a P/E ratio of 21.12 and a beta of 1.77.

A number of institutional investors and hedge funds have recently bought and sold shares of APAM. Quantbot Technologies LP grew its position in shares of Artisan Partners Asset Management by 3.5% in the 2nd quarter. Quantbot Technologies LP now owns 3,591 shares of the asset manager’s stock worth $110,000 after buying an additional 120 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Artisan Partners Asset Management in the 2nd quarter worth approximately $120,000. Tower Research Capital LLC TRC bought a new stake in shares of Artisan Partners Asset Management in the 1st quarter worth approximately $151,000. Utah Retirement Systems grew its position in shares of Artisan Partners Asset Management by 10.4% in the 1st quarter. Utah Retirement Systems now owns 7,400 shares of the asset manager’s stock worth $205,000 after buying an additional 700 shares during the last quarter. Finally, KCG Holdings Inc. bought a new stake in shares of Artisan Partners Asset Management in the 1st quarter worth approximately $213,000. Institutional investors and hedge funds own 65.63% of the company’s stock.

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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