![]() To read this article on click here.A few other favorable factors that make APAM an attractive investment option right now are mentioned below.Įarnings Growth: In the last three to five years, the company witnessed earnings per share (EPS) growth of 9.6%, higher than the industry’s rise of 7.8%. (APAM) : Free Stock Analysis ReportĪmeriprise Financial, Inc. Click to get this free reportĪrtisan Partners Asset Management Inc. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. The overall direction and magnitude of estimate revisions translate into a Zacks Rank #2 (Buy) for Ameriprise. Over the last 30 days, the Zacks Consensus Estimate has changed -0.1%. ![]() EPS of $6.43 for the same period compares with $5.91 a year ago.Īmeriprise is expected to post earnings of $6.34 per share for the current quarter, representing a year-over-year change of +3.1%. The company reported its results for the quarter ended September 2022 more than a month ago.Īmeriprise reported revenues of $3.54 billion in the last reported quarter, representing a year-over-year change of +1.4%. Over the past month, Ameriprise Financial Services (AMP), a stock from the same industry, has gained 7.5%. We expect a below average return from the stock in the next few months.Īrtisan Partners is part of the Zacks Financial - Investment Management industry. If you aren't focused on one strategy, this score is the one you should be interested in.Īrtisan Partners has a Zacks Rank #5 (Strong Sell). Overall, the stock has an aggregate VGM Score of B. Following the exact same course, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy. The consensus estimate has shifted -10.77% due to these changes.Īt this time, Artisan Partners has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with a C. It turns out, estimates revision flatlined during the past month. How Have Estimates Been Moving Since Then? The average AUM totaled $132.9 billion, down 8% from the prior quarter. AUM FallsĪs of Sep 30, 2022, the ending AUM was $120.6 billion, down 7.6% from the earlier quarter due to global market declines. The operating income was $78.7 million, down 45% year over year. The fall was primarily due to lower compensation and benefits, partially offset by higher occupancy, and general and administrative expenses. Total operating expenses amounted to $155.6 million, down 10% year over year. Management fees earned from Separate accounts declined 25% to $87.8 million. Management fees earned from the Artisan Funds & Artisan Global Funds fell 26.5% year over year to $146.4 million. The top line missed the Zacks Consensus Estimate of $239.8 million. Third-quarter revenues were $234.3 million, down 26% from the year-ago quarter. Net income attributable to Artisan Partners (GAAP basis) was $44.2 million, down from $86.4 million in the prior year. Lower expenses alleviated the bottom-line pressure. ![]() Lower AUM on global market declines was another undermining factor. Lower management fees earned from Separate accounts and the Artisan Funds & Artisan Global Funds weighed on the overall top line. The bottom line declined from $1.33 in the year-ago quarter. Artisan Partners Q3 Earnings Lag Estimates, AUM FallsĪrtisan Partners’ third-quarter 2022 adjusted net income per adjusted share was 70 cents, missing the Zacks Consensus Estimate of 71 cents. ![]() Will the recent positive trend continue leading up to its next earnings release, or is Artisan Partners due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Shares have added about 19.4% in that time frame, outperforming the S&P 500. It has been about a month since the last earnings report for Artisan Partners Asset Management (APAM).
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