Artisan Partners Asset Management Inc. (NYSE:APAM) Announces $0.50 Dividend

Artisan Partners Asset Management Inc. (NYSE:APAM) announced a dividend on Tuesday, February 4th,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.50 per share by the asset manager on Friday, February 28th. The ex-dividend date is Friday, February 14th.

Artisan Partners Asset Management has decreased its dividend by an average of 10.4% annually over the last three years. Artisan Partners Asset Management has a payout ratio of 84.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Artisan Partners Asset Management to earn $3.53 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 92.9%.

Artisan Partners Asset Management Price Performance

APAM traded up $0.21 on Wednesday, reaching $44.78. The company had a trading volume of 1,081,935 shares, compared to its average volume of 476,149. Artisan Partners Asset Management has a 52-week low of $37.89 and a 52-week high of $49.54. The company has a market cap of $3.60 billion, a price-to-earnings ratio of 12.47 and a beta of 1.81. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. The business has a 50 day simple moving average of $44.71 and a 200 day simple moving average of $43.65.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Tuesday, February 4th. The asset manager reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.08. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. As a group, sell-side analysts anticipate that Artisan Partners Asset Management will post 3.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Evercore ISI raised their price objective on Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. TD Cowen lifted their price target on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. StockNews.com raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Finally, Royal Bank of Canada decreased their target price on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating on the stock in a research report on Monday. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $44.38.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts.