Artisan Partners Asset Management Inc. Fiscal 2022 Earnings Estimate Released by Jefferies Financial Group (NYSE:APAM)

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Artisan Partners Asset Management Inc. (NYSE:APAMGet a rating) – Equity analysts at Jefferies Financial Group cut their fiscal 2022 earnings per share estimates for shares of Artisan Partners Asset Management in a research report released Tuesday, April 26. Jefferies Financial Group analyst D. Fannon now expects the asset manager to earn $3.85 per share for the year, down from its previous estimate of $4.03.

APAM has been the subject of a number of other reports. Citigroup cut its price target on Artisan Partners Asset Management from $41.50 to $36.50 and set a “neutral” rating for the company in a Tuesday, April 12 research report. Goldman Sachs Group downgraded Artisan Partners Asset Management from a “buy” rating to a “neutral” rating and lowered its share price target from $55.00 to $48.00 in a research report from the Tuesday, January 4. To finish, StockNews.com downgraded Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Wednesday. Five investment analysts gave the stock a hold rating and two gave the company a buy rating. According to MarketBeat, Artisan Partners Asset Management has a consensus rating of “Hold” and a consensus price target of $49.79.

Shares of AMPA opened at $33.75 on Thursday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt ratio of 0.67. The stock has a 50-day moving average of $37.67 and a 200-day moving average of $43.19. Artisan Partners Asset Management has a 12-month low of $33.49 and a 12-month high of $57.21. The company has a market capitalization of $2.66 billion, a price-earnings ratio of 6.66 and a beta of 1.78.

Artisan Partners Asset Management (NYSE:APAMGet a rating) last released its quarterly results on Tuesday, April 26. The asset manager reported EPS of $0.98 for the quarter, missing the Zacks consensus estimate of $1.03 per ($0.05). The company posted revenue of $281.60 million for the quarter, compared to $294.03 million expected by analysts. Artisan Partners Asset Management posted a net margin of 27.42% and a return on equity of 157.99%. The company’s revenue fell 3.1% from the same quarter last year. In the same period a year earlier, the company posted earnings per share of $1.13.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 31. Shareholders of record on Tuesday, May 17 will receive a dividend of $0.76 per share. The ex-dividend date is Monday, May 16. This represents an annualized dividend of $3.04 and a dividend yield of 9.01%. Artisan Partners Asset Management’s payout ratio is 81.26%.

Several hedge funds and other institutional investors have recently increased or reduced their stake in APAM. First Republic Investment Management Inc. increased its stake in shares of Artisan Partners Asset Management by 2.8% in the third quarter. First Republic Investment Management Inc. now owns 7,437 shares of the asset manager worth $364,000 after buying 205 additional shares last quarter. MML Investors Services LLC increased its stake in Artisan Partners Asset Management by 4.5% in the third quarter. MML Investors Services LLC now owns 8,314 shares of the asset manager worth $407,000 after buying 359 additional shares in the last quarter. Legal & General Group Plc increased its stake in Artisan Partners Asset Management by 0.7% in the 4th quarter. Legal & General Group Plc now owns 51,761 shares in the asset manager worth $2,466,000 after buying 366 more shares last quarter. Guggenheim Capital LLC increased its stake in Artisan Partners Asset Management by 5.2% in the third quarter. Guggenheim Capital LLC now owns 7,659 shares of the asset manager worth $375,000 after buying 378 additional shares last quarter. Finally, Lokken Investment Group LLC increased its stake in Artisan Partners Asset Management by 3.6% in the 4th quarter. Lokken Investment Group LLC now owns 11,118 shares of the asset manager worth $530,000 after buying 389 additional shares last quarter. 68.45% of the shares are currently held by hedge funds and other institutional investors.

Artisan Partners Asset Management Company Profile (Get a rating)

Artisan Partners Asset Management Inc is a public investment manager. It provides its services to pension and profit-sharing plans, trusts, endowments, foundations, charities, government entities, private funds and non-U.S. funds, as well as mutual funds, non-US funds and group trusts.

See also

Earnings history and estimates for Artisan Partners Asset Management (NYSE:APAM)



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