Revenue Update on Artisan Partners Asset Management Inc(NYSE:APAM)

Artisan Partners Asset Management Inc(NYSE:APAM) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 6, 2017. Company reported revenue of $181.500M. Analysts estimated a revenue of $183.170M. The revenues were -0.91% below the estimates. Earnings per share were $0.53. The reported EPS was above estimates by 1.92%. Analysts had estimated an EPS of $0.52.

Artisan Partners Asset Management Inc (APAM) made into the market gainers list on Tuesdays trading session with the shares advancing 1.53% or 0.45 points. Due to strong positive momentum, the stock ended at $29.8, which is also near the day’s high of $30. The stock began the session at $29.7 and the volume stood at 3,89,396 shares. The 52-week high of the shares is $35 and the 52 week low is $23.65. The company has a current market capitalization of $2,217 M and it has 7,44,02,689 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jan 27, 2016, Stephanie Dimarco (director) purchased 1,078 shares at $38.95 per share price.Also, 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.

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