Artisan Partners Asset Management Inc (APAM) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Artisan Partners Asset Management Inc (APAM) reported quarterly earnings results on Monday, Apr-25-2016. The company reported $0.51 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.52. The company posted revenue of $174.50 million in the period, compared to analysts expectations of $177.29 million. The company’s revenue was down -14.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS.

Many Wall Street Analysts have commented on Artisan Partners Asset Management Inc. Artisan Partners Asset Management Inc was Upgraded by Citigroup to ” Neutral” on Feb 11, 2016.

Artisan Partners Asset Management Inc opened for trading at $34.38 and hit $35 on the upside on Friday, eventually ending the session at $34.96, with a gain of 1.69% or 0.58 points. The heightened volatility saw the trading volume jump to 3,12,808 shares. Company has a market cap of $2,604 M.

In a different news, on Jan 27, 2016, Stephanie Dimarco (director) purchased 1,078 shares at $38.95 per share price. According to the SEC, on Sep 11, 2015, Seth W Brennan (director) purchased 12,500 shares at $39.08 per share price. On Aug 18, 2015, Charles J Jr Daley (Exec VP, CFO & Treasurer) sold 5,000 shares at $46.37 per share price, according to the Form-4 filing with the securities and exchange commission.

Artisan Partners Asset Management Inc. is an investment management firm. The Firm provides a range of United States non-United States and global investment strategies. The Firm’s operations are conducted through Artisan Partners Holdings and its subsidiaries. It derives its revenues from investment management fees. In addition to its investment teams the Firm also has a team that is focused on its business of achieving growth expanding investment capabilities the source of assets under management and delivering client service. The Firm’s management team supports its investment management capabilities and manages infrastructure which allows its investment professionals to focus on making investment decisions and generating returns. Artisan Partners’ investment strategies are offered through a variety of investment vehicles to accommodate a range of client mandates including Separate Account Management Mutual Fund Vehicles Collective Investment Trusts and UCITS Vehicles.

Artisan Partners Asset Management Inc

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