Jefferies Group Comments on Artisan Partners Asset Management Inc's FY2018 Earnings (APAM)

Lloyd Doyle
January 29, 2018

Jefferies Group analyst S. Thind now expects that the asset manager will post earnings of $3.40 per share for the year, up from their prior forecast of $2.80. About 264,060 shares traded.

Since the start of the calendar year, Artisan Partners Asset Management Inc. (NYSE:APAM) has declined 8.04% since January 27, 2017 and is downtrending.

Sempra Energy, together with its subsidiaries, engages in energy business worldwide. As of December 31, 2016, this segment had approximately 1.4 million electric meters and 878,000 natural gas meters. Its down 0.49, from 1.5 in 2017Q2. Finally, BidaskClub downgraded Artisan Partners Asset Management from a "strong-buy" rating to a "buy" rating in a report on Saturday, October 28th. 32 funds opened positions while 50 raised stakes.

Bernzott Capital Advisors, which manages about $528.67 million and $701.09 million US Long portfolio, decreased its stake in Synopsys (NASDAQ:SNPS) by 4,805 shares to 361,316 shares, valued at $29.10 million in 2017Q3, according to the filing. Advisory Research holds 59,811 shares or 0.03% of its portfolio. ValuEngine lowered Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research note on Friday, December 1st. (NYSE:APAM). Envestnet Asset Mngmt holds 21,936 shares or 0% of its portfolio. 74,118 are owned by Aqr Cap Mgmt Limited Liability Com. (NYSE:APAM) were recently published by:, which released: "Artisan Partners Asset Management Announce 4Q17 and Full-Year Results ..." on January 23, 2018. (NYSE:APAM) for 10,504 shares. (NYSE:NWL). 54,272 were reported by Wellington Shields Capital Mgmt Ltd Liability Corporation. Ironwood Inv Mngmt Ltd Limited Liability Company holds 0.52% or 22,699 shares in its portfolio. Jpmorgan Chase And invested in 0% or 1,500 shares. Artisan Partners Asset Management had a return on equity of 95.09% and a net margin of 12.58%. (NYSE:APAM). Lucus Ltd Co stated it has 0.49% of its portfolio in Artisan Partners Asset Management Inc. Moreover, Wasatch Advsrs has 0.08% invested in Artisan Partners Asset Management Inc. (NYSE:APAM) for 312,546 shares. Can boosted its position in shares of Artisan Partners Asset Management by 51.2% during the 3rd quarter. Royal Bank of Canada set a $36.00 target price on Artisan Partners Asset Management and gave the company a "buy" rating in a report on Wednesday, October 18th. Therefore 22% are positive. Zacks Investment Research upgraded Artisan Partners Asset Management from a "hold" rating to a "buy" rating and set a $38.00 price target on the stock in a research note on Tuesday, October 10th. Accern also assigned news headlines about the asset manager an impact score of 45.1010681626762 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the near future. The firm has "Outperform" rating by Credit Suisse given on Wednesday, November 25.

A number of large investors have recently bought and sold shares of APAM.

ILLEGAL ACTIVITY WARNING: "Legal & General Group Plc Raises Position in Artisan Partners Asset Management Inc (NYSE:APAM)" was originally reported by The Lincolnian Online and is owned by of The Lincolnian Online. (NYSE:APAM) to report earnings on February, 5. The rating was maintained by RBC Capital Markets with "Outperform" on Tuesday, October 27. (NYSE:APAM) for 2,231 shares. Piper Jaffray maintained it with "Neutral" rating and $40 target in Tuesday, June 7 report. The firm earned "Hold" rating on Wednesday, June 28 by Jefferies. On Tuesday, October 27 the stock rating was downgraded by Goldman Sachs to "Neutral". Finally, SG Americas Securities LLC purchased a new stake in Artisan Partners Asset Management in the third quarter worth $192,000. The 8 months bullish chart indicates low risk for the $3.13 billion company. 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. It has a 21.69 P/E ratio.

Analysts await Sempra Energy (NYSE:SRE) to report earnings on February, 27. They expect $0.53 EPS, up 6.00% or $0.03 from last year's $0.5 per share. SRE's profit will be $349.27M for 18.98 P/E if the $1.39 EPS becomes a reality. After $0.62 actual EPS reported by United Natural Foods, Inc. for the previous quarter, Wall Street now forecasts -14.52% negative EPS growth.

The stock decreased 0.82% or $0.87 during the last trading session, reaching $105.53. About 37.61 million shares traded or 323.26% up from the average. Newell Brands Inc. (NYSE:NWL) has risen 11.94% since January 28, 2017 and is uptrending. It has underperformed by 8.43% the S&P500. Cambridge Invest Rech Advsr holds 0% or 7,809 shares in its portfolio. Reaves W H & Co Inc owns 979,100 shares or 4.05% of their United States portfolio. Bernzott Capital Advisors who had been investing in Artisan Partners for a number of months, seems to be bullish on the $3.13 billion market cap company. The New York-based Evercore Trust Company N.A. has invested 3.31% in the stock. Chicago Equity Prtnrs Ltd Liability Com, a Illinois-based fund reported 21,100 shares.

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