Artisan Partners Asset Management Inc. (APAM) to Issue Quarterly Dividend of $0.61 on May 31st

Artisan Partners Asset Management Inc. (NYSE:APAM) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Friday, May 17th will be given a dividend of 0.61 per share by the asset manager on Friday, May 31st. This represents a $2.44 annualized dividend and a yield of 6.01%. The ex-dividend date of this dividend is Thursday, May 16th.

Artisan Partners Asset Management has decreased its dividend by an average of 6.1% annually over the last three years. Artisan Partners Asset Management has a dividend payout ratio of 73.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Artisan Partners Asset Management to earn $3.56 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 76.4%.

Artisan Partners Asset Management Price Performance

APAM stock traded down $1.60 during midday trading on Thursday, reaching $40.60. The company had a trading volume of 119,754 shares, compared to its average volume of 477,006. Artisan Partners Asset Management has a 1-year low of $31.27 and a 1-year high of $46.75. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a 50 day moving average price of $43.72 and a 200-day moving average price of $41.01. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 12.38 and a beta of 1.85.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Wednesday, April 24th. The asset manager reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). Artisan Partners Asset Management had a net margin of 22.99% and a return on equity of 74.25%. The firm had revenue of $264.40 million for the quarter, compared to the consensus estimate of $270.90 million. During the same period in the previous year, the company posted $0.64 earnings per share. Artisan Partners Asset Management’s quarterly revenue was up 12.8% on a year-over-year basis. Equities research analysts expect that Artisan Partners Asset Management will post 3.38 earnings per share for the current year.

Insider Transactions at Artisan Partners Asset Management

In other Artisan Partners Asset Management news, EVP Gregory K. Ramirez sold 2,500 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $42.28, for a total value of $105,700.00. Following the transaction, the executive vice president now directly owns 83,335 shares in the company, valued at approximately $3,523,403.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 18.50% of the company’s stock.

Wall Street Analyst Weigh In

APAM has been the topic of a number of research analyst reports. StockNews.com raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Sunday, March 17th. TD Cowen started coverage on shares of Artisan Partners Asset Management in a research note on Thursday, January 4th. They set a “market perform” rating and a $41.00 price objective for the company.

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.