Artisan Partners Asset Management (NYSE:APAM) Posts Earnings Results

Artisan Partners Asset Management (NYSE:APAM) announced its quarterly earnings results on Tuesday. The asset manager reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.15, FiscalAI reports. The company had revenue of $335.50 million for the quarter, compared to analyst estimates of $322.13 million. Artisan Partners Asset Management had a net margin of 22.90% and a return on equity of 72.15%. Artisan Partners Asset Management’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the business earned $1.05 EPS.

Artisan Partners Asset Management Stock Down 1.6%

NYSE APAM opened at $44.72 on Wednesday. The stock has a market cap of $3.61 billion, a PE ratio of 12.22 and a beta of 1.76. Artisan Partners Asset Management has a fifty-two week low of $32.75 and a fifty-two week high of $48.50. The business has a 50 day moving average price of $42.55 and a two-hundred day moving average price of $44.01. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.43.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. TD Cowen restated a “hold” rating on shares of Artisan Partners Asset Management in a research note on Wednesday, December 10th. Weiss Ratings reissued a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research report on Monday, December 29th. Zacks Research lowered shares of Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 9th. Finally, Evercore ISI lifted their price target on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “in-line” rating in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $44.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. IFP Advisors Inc grew its stake in Artisan Partners Asset Management by 45.8% in the third quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock worth $41,000 after purchasing an additional 300 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Artisan Partners Asset Management by 31.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,465 shares of the asset manager’s stock worth $65,000 after buying an additional 350 shares during the last quarter. WealthCollab LLC grew its position in shares of Artisan Partners Asset Management by 17.0% in the 2nd quarter. WealthCollab LLC now owns 1,700 shares of the asset manager’s stock worth $75,000 after acquiring an additional 247 shares in the last quarter. Quarry LP bought a new stake in shares of Artisan Partners Asset Management in the 3rd quarter valued at approximately $78,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Artisan Partners Asset Management by 91.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,545 shares of the asset manager’s stock valued at $113,000 after acquiring an additional 1,216 shares during the last quarter. 86.45% of the stock is currently owned by hedge funds and other institutional investors.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.