Artisan Partners Asset Management Inc.
) crafted a new 52-week high, touching $66.04 on Jan 3, 2014.
Notably, the closing price of this investment manager marks a
solid return of roughly 71.9% since it became a publicly traded
company in Mar 2013. The trading volume for the session was 0.13
We expect the performance of this Zacks Rank #2 (Buy) stock to
show further upside driven by estimate revisions over the last 60
days. Further, the long-term earnings growth is expected to be is
Artisan Partners' impressive third-quarter 2013 results and
continued growth in asset under management (AUM) were the primary
On Dec 10, 2013, Artisan Partners reported its monthly AUM update
for Nov 2013. The company reported total AUM of $103.0 billion in
the reported month.
On Oct 28, 2013, Artisan Partners announced third-quarter
results. Earnings in the reported quarter surpassed the Zacks
Consensus Estimate by 4.7%. Results were mainly driven by
top-line growth and a decline in expenses. Moreover, rise in AUM
was the tailwind.
Estimate Revisions Show Strength
Over the last 60 days, the Zacks Consensus Estimate for 2013 has
advanced 4.7% to $2.52 per share. Similarly, for 2014, the Zacks
Consensus Estimate moved up 2.9% to $3.20 per share over the same
Some other investment managers worth considering include
Waddell & Reed Financial, Inc.
Affiliated Managers Group Inc.
Ameriprise Financial, Inc.
). While Waddell & Reed carries a Zacks Rank #1 (Strong Buy),
Affiliated Managers and Ameriprise have the same Zacks Rank as
AFFIL MANAGERS (AMG): Free Stock Analysis
AMERIPRISE FINL (AMP): Free Stock Analysis
ARTISAN PTNR AM (APAM): Free Stock Analysis
WADDELL&REED -A (WDR): Free Stock Analysis
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