Q2 2022 EPS Estimates for Artisan Partners Asset Management Inc. Decreased by Jefferies Financial Group (NYSE:APAM)


Artisan Partners Asset Management Inc. (NYSE:APAM – Get Rating) – Analysts at Jefferies Financial Group decreased their Q2 2022 earnings estimates for shares of Artisan Partners Asset Management in a report issued on Monday, July 11th. Jefferies Financial Group analyst D. Fannon now expects that the asset manager will earn $0.75 per share for the quarter, down from their previous estimate of $0.90. The consensus estimate for Artisan Partners Asset Management’s current full-year earnings is $3.78 per share.

Artisan Partners Asset Management (NYSE:APAM – Get Rating) last issued its earnings results on Tuesday, April 26th. The asset manager reported $0.98 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.98. Artisan Partners Asset Management had a net margin of 26.65% and a return on equity of 146.56%. The business had revenue of $281.60 million during the quarter, compared to analysts’ expectations of $294.03 million. During the same quarter in the previous year, the business posted $1.13 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis.

A number of other analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods increased their price target on shares of Artisan Partners Asset Management from $36.00 to $38.00 and gave the stock a “market perform” rating in a research note on Tuesday, June 28th. Citigroup decreased their price target on shares of Artisan Partners Asset Management from $41.50 to $36.50 and set a “neutral” rating for the company in a research note on Tuesday, April 12th. Finally, StockNews.com cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Friday, May 6th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $45.70.

Shares of Artisan Partners Asset Management stock opened at $35.48 on Wednesday. The company has a fifty-day simple moving average of $36.18 and a 200-day simple moving average of $38.71. Artisan Partners Asset Management has a 12-month low of $32.07 and a 12-month high of $53.29. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.79. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 7.42 and a beta of 1.74.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 31st. Shareholders of record on Tuesday, May 17th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Monday, May 16th. This represents a $3.04 annualized dividend and a yield of 8.57%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is currently 63.60%.

Institutional investors have recently added to or reduced their stakes in the business. CWM LLC acquired a new stake in shares of Artisan Partners Asset Management during the 4th quarter worth about $31,000. HM Payson & Co. acquired a new stake in shares of Artisan Partners Asset Management during the 1st quarter worth about $25,000. Acadian Asset Management LLC acquired a new stake in shares of Artisan Partners Asset Management during the 1st quarter worth about $26,000. Signaturefd LLC increased its stake in shares of Artisan Partners Asset Management by 145.6% during the 1st quarter. Signaturefd LLC now owns 813 shares of the asset manager’s stock worth $32,000 after purchasing an additional 482 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Artisan Partners Asset Management by 95.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 840 shares of the asset manager’s stock worth $33,000 after purchasing an additional 410 shares during the last quarter. 66.91% of the stock is currently owned by institutional investors.

About Artisan Partners Asset Management (GetRating)

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-US funds, as well as mutual funds, non-US funds and collective trusts.

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Earnings History and Estimates for Artisan Partners Asset Management (NYSE:APAM)



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