Artisan Partners Asset Management (APAM) to Release Earnings on Tuesday

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Tuesday, April 29th. Analysts expect Artisan Partners Asset Management to post earnings of $0.79 per share and revenue of $281.15 million for the quarter. Parties that are interested in participating in the company's conference call can do so using this link.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last issued its earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.08. Artisan Partners Asset Management had a net margin of 23.36% and a return on equity of 74.02%. On average, analysts expect Artisan Partners Asset Management to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Artisan Partners Asset Management Price Performance

Shares of NYSE:APAM traded up $0.15 on Friday, reaching $35.04. 402,746 shares of the company traded hands, compared to its average volume of 461,904. The stock has a market capitalization of $2.81 billion, a PE ratio of 9.63 and a beta of 1.80. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73. The company's 50 day moving average is $39.80 and its 200-day moving average is $43.20. Artisan Partners Asset Management has a fifty-two week low of $32.75 and a fifty-two week high of $49.54.

Artisan Partners Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date was Friday, February 14th. Artisan Partners Asset Management's dividend payout ratio (DPR) is presently 92.31%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on APAM shares. Evercore ISI dropped their price target on Artisan Partners Asset Management from $40.00 to $33.00 and set an "in-line" rating on the stock in a research note on Friday, April 11th. StockNews.com downgraded shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research report on Tuesday, April 8th. Royal Bank of Canada decreased their price objective on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating for the company in a research note on Monday, February 3rd. Finally, TD Cowen reduced their target price on Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Artisan Partners Asset Management presently has an average rating of "Hold" and a consensus price target of $39.63.

Artisan Partners Asset Management Company Profile

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.