MILWAUKEE (AP) — MILWAUKEE (AP) — Artisan Partners Asset Management Inc. (APAM) on Tuesday reported fourth-quarter profit of $94.8 million.
The Milwaukee-based company said it had net income of $1.32 per share. Earnings, adjusted for one-time items, came to $1.26 per share.
The investment management firm posted revenue of $335.5 million in the period.
For the year, the company reported profit of $290.3 million, or $4.05 per share. Revenue was reported as $1.2 billion.
Artisan Partners shares have risen slightly more than 9% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $44.55, a rise of roughly 2% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on APAM at https://www.zacks.com/ap/APAM
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