Artisan Partners Asset Management APAM first-quarter 2021 adjusted earnings came in at $1.13 per share, surpassing the Zacks Consensus Estimate of $1.10. Also, the bottom line was 71% higher than the year-ago quarter figure.Results were supported by rise in revenues. Also, higher assets under management (AUM) on net inflows acted as a tailwind. However, higher expenses posed an undermining factor.Net income available to common stockholders (GAAP basis) was $77.3 million or $1.19 per share, up from $34.8 million or 53 cents per share in the prior-year quarter.Revenues Climb, Expenses IncreaseRevenues came in at $290.7 million, up 43% from the year-ago quarter. The rise primarily resulted from higher average AUM balance. Also, the top line surpassed the Zacks Consensus Estimate of $266 million.Management fees earned from the Artisan Funds & Artisan Global Funds were up 44% year over year to $176.7 million. Management fees earned from Separate accounts increased 39% to $107.3 million.Total expenses amounted to $168.9 million, up 28% year over year. The rise was largely due to higher employee compensation and benefits expenses.Operating income was $121.8 million, up considerably from $71 million in the year-ago quarter.AUM Increases on Net InflowsAs of Mar 31, 2021, AUM was $162.9 billion, up 71% from the year-earlier quarter. The company witnessed net inflows of $9 billion and $59.4 billion of investment returns in the first quarter.Average AUM totaled $162.9 billion, up 43%.Balance Sheet PositionCash and other investments were $215.8 million compared with $155 million as of Dec 31, 2020. Also, the company’s debt leverage ratio, calculated in accordance with its loan agreements, was 0.4 as of Mar 31, 2021.Total stockholders’ equity was $205.1 million as of Mar 31, 2021, compared to $191.0 million on Dec 31, 2020.Our ViewpointArtisan Partners’ diverse investment products are expected to support growth. Also, rise in AUM given the inflows supports top-line expansion. Moreover, prudent cost management aids profitability to some extent. Artisan Partners Asset Management Inc. Price, Consensus and EPS Surprise Artisan Partners Asset Management Inc. price-consensus-eps-surprise-chart | Artisan Partners Asset Management Inc. Quote Currently, Artisan Partners carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Performance of Other Asset ManagersAmeriprise Financial’s AMP first-quarter 2021 adjusted operating earnings per share of $5.43 handily surpassed the Zacks Consensus Estimate of $4.73. Moreover, the bottom line comes in 27% higher than the year-ago quarter.Invesco’s IVZ first-quarter 2021 adjusted earnings of 68 cents per share surpassed the Zacks Consensus Estimate of 62 cents. Also, the bottom line grew 100% from the prior-year quarter.Cohen & Steers’ CNS first-quarter 2021 adjusted earnings of 79 cents per share lagged the Zacks Consensus Estimate of 81 cents. Nevertheless, the bottom line was 29.5% higher than the year-ago figure.Zacks Names “Single Best Pick to Double”From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Invesco Ltd. (IVZ): Free Stock Analysis Report Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report Cohen & Steers Inc (CNS): Free Stock Analysis Report Artisan Partners Asset Management Inc. (APAM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research