Artisan Partners Asset Management Inc. (APAM) To Go Ex-Dividend on November 14th

Artisan Partners Asset Management Inc. (NYSE:APAM) declared a quarterly dividend on Tuesday, October 28th. Stockholders of record on Friday, November 14th will be paid a dividend of 0.88 per share by the asset manager on Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Friday, November 14th. This is a 20.5% increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.73.

Artisan Partners Asset Management has a payout ratio of 80.2% indicating that 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 $3.96 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 68.7%.

Artisan Partners Asset Management Stock Down 1.5%

Shares of APAM opened at $43.49 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.48. Artisan Partners Asset Management has a 12 month low of $32.75 and a 12 month high of $49.54. The stock’s 50 day moving average is $44.85 and its two-hundred day moving average is $43.52. The firm has a market cap of $3.51 billion, a P/E ratio of 11.88 and a beta of 1.72.

Artisan Partners Asset Management (NYSE:APAM) last released its earnings results on Tuesday, October 28th. The asset manager reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.05. The business had revenue of $301.30 million for the quarter, compared to the consensus estimate of $300.90 million. Artisan Partners Asset Management had a return on equity of 73.41% and a net margin of 22.90%.The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 earnings per share. Analysts predict that Artisan Partners Asset Management will post 3.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

APAM has been the subject of a number of recent analyst reports. Evercore ISI decreased their price target on Artisan Partners Asset Management from $45.00 to $43.00 and set an “in-line” rating for the company in a report on Thursday, October 9th. TD Cowen reduced their price objective on Artisan Partners Asset Management from $47.00 to $43.00 and set a “hold” rating for the company in a research note on Monday, September 15th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Artisan Partners Asset Management in a research report on Tuesday, October 14th. Zacks Research cut Artisan Partners Asset Management from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Finally, Royal Bank Of Canada upped their price target on Artisan Partners Asset Management from $50.00 to $51.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $44.00.

About Artisan Partners Asset Management

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.