Artisan Partners Asset Management Inc. (NYSE:APAM) Announces Quarterly Dividend of $0.82

Artisan Partners Asset Management Inc. (NYSE:APAM) announced a quarterly dividend on Tuesday, October 29th,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be paid a dividend of 0.82 per share by the asset manager on Friday, November 29th. This represents a $3.28 dividend on an annualized basis and a yield of 6.96%. The ex-dividend date of this dividend is Friday, November 15th.

Artisan Partners Asset Management has decreased its dividend payment by an average of 6.1% per year over the last three years. Artisan Partners Asset Management has a payout ratio of 87.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Artisan Partners Asset Management to earn $3.81 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 86.1%.

Artisan Partners Asset Management Stock Performance

Shares of NYSE:APAM opened at $47.13 on Thursday. The firm’s 50 day simple moving average is $43.62 and its 200-day simple moving average is $42.54. The firm has a market cap of $3.79 billion, a PE ratio of 13.13 and a beta of 1.79. Artisan Partners Asset Management has a one year low of $36.45 and a one year high of $49.52. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, October 29th. The asset manager reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.02. The firm had revenue of $279.60 million for the quarter, compared to the consensus estimate of $279.70 million. Artisan Partners Asset Management had a net margin of 23.95% and a return on equity of 71.50%. The company’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. As a group, equities analysts predict that Artisan Partners Asset Management will post 3.49 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. The Goldman Sachs Group reduced their price target on Artisan Partners Asset Management from $40.00 to $39.50 and set a “sell” rating for the company in a research report on Thursday, October 3rd. Evercore ISI upped their target price on Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Artisan Partners Asset Management in a research report on Monday, July 29th. Finally, TD Cowen upped their price target on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $44.13.

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.