Artisan Partners Asset Management (APAM) Set to Announce Quarterly Earnings on Tuesday

Artisan Partners Asset Management (NYSE:APAM) is set to issue its quarterly earnings data after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of $0.79 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Wednesday, January 31st. The asset manager reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. Artisan Partners Asset Management had a return on equity of 73.85% and a net margin of 22.80%. The business had revenue of $249.00 million for the quarter, compared to analysts’ expectations of $249.90 million. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. On average, analysts expect Artisan Partners Asset Management to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Artisan Partners Asset Management Stock Up 1.1 %

APAM opened at $42.62 on Friday. The business’s 50-day simple moving average is $43.67 and its 200-day simple moving average is $40.87. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.64 and a current ratio of 0.64. Artisan Partners Asset Management has a one year low of $31.27 and a one year high of $46.75. The stock has a market capitalization of $3.40 billion, a P/E ratio of 13.49 and a beta of 1.85.

Artisan Partners Asset Management Increases Dividend

The business also recently declared a None dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were issued a dividend of $1.02 per share. The ex-dividend date was Wednesday, February 14th. This represents a dividend yield of 5.5%. This is a positive change from Artisan Partners Asset Management’s previous None dividend of $0.65. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 86.08%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on APAM shares. StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Sunday, March 17th. TD Cowen started coverage on Artisan Partners Asset Management in a report on Thursday, January 4th. They set a “market perform” rating and a $41.00 price target on the stock.

Insider Buying and Selling at Artisan Partners Asset Management

In other Artisan Partners Asset Management news, EVP Gregory K. Ramirez sold 2,500 shares of Artisan Partners Asset Management stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $42.28, for a total value of $105,700.00. Following the sale, the executive vice president now owns 83,335 shares of the company’s stock, valued at approximately $3,523,403.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 18.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Artisan Partners Asset Management

A number of institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its holdings in Artisan Partners Asset Management by 3.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 42,238 shares of the asset manager’s stock valued at $1,867,000 after purchasing an additional 1,437 shares in the last quarter. Morse Asset Management Inc boosted its stake in shares of Artisan Partners Asset Management by 32.4% during the 4th quarter. Morse Asset Management Inc now owns 9,530 shares of the asset manager’s stock worth $421,000 after acquiring an additional 2,330 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Artisan Partners Asset Management by 0.7% during the 4th quarter. Legal & General Group Plc now owns 195,522 shares of the asset manager’s stock worth $8,638,000 after acquiring an additional 1,266 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Artisan Partners Asset Management by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 7,873,612 shares of the asset manager’s stock worth $347,856,000 after acquiring an additional 75,304 shares in the last quarter. Finally, Vident Advisory LLC boosted its stake in shares of Artisan Partners Asset Management by 22.5% during the 4th quarter. Vident Advisory LLC now owns 9,707 shares of the asset manager’s stock worth $429,000 after acquiring an additional 1,781 shares in the last quarter. Hedge funds and other institutional investors own 86.45% 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.