Artisan Partners Asset Management (NYSE:APAM) Posts Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Artisan Partners Asset Management (NYSE:APAM) posted its quarterly earnings data on Tuesday. The asset manager reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.07, FiscalAI reports. The company had revenue of $312.50 million for the quarter, compared to analysts’ expectations of $307.60 million. During the same period in the previous year, the business posted $1.02 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis.

Artisan Partners Asset Management Stock Performance

Shares of APAM stock opened at $33.27 on Wednesday. Artisan Partners Asset Management has a fifty-two week low of $30.86 and a fifty-two week high of $46.53. The company has a 50 day moving average price of $37.19 and a 200 day moving average price of $38.47.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Evercore set a $34.00 price target on Artisan Partners Asset Management in a research note on Friday, October 9th. TD Cowen lowered their price target on Artisan Partners Asset Management from $37.00 to $33.00 and set a “hold” rating for the company in a research report on Monday, October 12th. The Goldman Sachs Group dropped their price objective on Artisan Partners Asset Management from $35.00 to $31.00 and set a “sell” rating for the company in a research note on Friday, October 2nd. Zacks Research downgraded Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Artisan Partners Asset Management in a research note on Tuesday, September 29th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Artisan Partners Asset Management currently has an average rating of “Reduce” and a consensus target price of $35.25.

Insider Transactions at Artisan Partners Asset Management

In other Artisan Partners Asset Management news, EVP Gregory Ramirez sold 7,000 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $42.59, for a total value of $298,130.00. Following the completion of the transaction, the executive vice president owned 109,194 shares in the company, valued at $4,650,572.46. The trade was a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 11.30% of the stock is currently owned by company insiders.

Key Headlines Impacting Artisan Partners Asset Management

Here are the key news stories impacting Artisan Partners Asset Management this week:

• Positive Sentiment: Quarterly results exceeded expectations. Adjusted earnings were $1.03 per share, $0.07 above the $0.96 consensus estimate, while revenue of $312.5 million surpassed expectations of $307.6 million and increased 3.7% year over year. Artisan Partners Q3 earnings flash
• Positive Sentiment: Artisan Partners declared a $0.88 quarterly dividend. The payout, described as an increase in the earnings coverage, reinforces APAM’s income appeal and signals continued confidence in cash generation. Artisan Partners reports third-quarter results and dividend
• Neutral Sentiment: Institutional positioning was mixed. Several large investors, including BlackRock, UBS and Sixth Street Partners, added shares during the second quarter, while Capital World Investors and other institutions reduced holdings. This provides no clear near-term direction.
• Negative Sentiment: Assets under management declined by approximately $10.6 billion. The outflow raises concerns about future management-fee revenue and was a key counterpoint to the earnings and revenue beats. Artisan Partners Q3 earnings and AUM report
• Negative Sentiment: Technical momentum remains weak. APAM opened below its 50-day moving average of $37.19 and 200-day moving average of $38.47, while remaining much closer to its 52-week low of $30.86 than its high of $46.53.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is an investment management company that provides actively managed investment strategies to institutional and intermediary clients, as well as certain private wealth investors. The company operates through Artisan Partners, L.P. and related entities, offering investment expertise across equity, fixed-income and alternative asset classes.

Its products and services include strategies focused on U.S. and international equities, emerging markets, non-U.S.