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

Artisan Partners Asset Management Inc. (NYSE:APAM) announced a dividend on Tuesday, February 4th,NASDAQ Dividends reports. Investors 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 of this dividend is Friday, February 14th.

Artisan Partners Asset Management has decreased its dividend by an average of 10.4% per year over the last three years. Artisan Partners Asset Management has a dividend payout ratio of 84.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Stock Up 0.5 %

NYSE APAM traded up $0.21 on Wednesday, hitting $44.78. 1,081,935 shares of the stock were exchanged, compared to its average volume of 476,149. Artisan Partners Asset Management has a fifty-two week low of $37.89 and a fifty-two week high of $49.54. The company has a 50-day moving average price of $44.71 and a 200-day moving average price of $43.65. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.49. The company has a market cap of $3.60 billion, a PE ratio of 12.47 and a beta of 1.81.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, topping analysts’ consensus estimates 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%. Sell-side analysts anticipate that Artisan Partners Asset Management will post 3.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on APAM. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. TD Cowen lifted their target price on Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. 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. Finally, Royal Bank of Canada cut their price target on 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $44.38.

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.