Artisan Partners Asset Management Inc (NYSE:APAM) declared a quarterly dividend on Tuesday, February 5th, Wall Street Journal reports. Investors of record on Thursday, February 14th will be given a dividend of 0.56 per share by the asset manager on Thursday, February 28th. This represents a $2.24 dividend on an annualized basis and a yield of 9.40%. The ex-dividend date of this dividend is Wednesday, February 13th.
Artisan Partners Asset Management has a dividend payout ratio of 77.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Artisan Partners Asset Management to earn $2.62 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 91.6%.
NYSE:APAM opened at $23.82 on Wednesday. Artisan Partners Asset Management has a 1-year low of $20.16 and a 1-year high of $38.35. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market capitalization of $1.82 billion, a P/E ratio of 8.10, a PEG ratio of 1.48 and a beta of 1.68.
Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings data on Monday, February 4th. The asset manager reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). Artisan Partners Asset Management had a net margin of 19.10% and a return on equity of 194.05%. The firm had revenue of $191.50 million during the quarter, compared to analysts’ expectations of $193.12 million. During the same quarter last year, the business earned $0.66 earnings per share. The business’s quarterly revenue was down 9.1% on a year-over-year basis. Analysts forecast that Artisan Partners Asset Management will post 2.29 earnings per share for the current fiscal year.
A number of equities analysts recently weighed in on the stock. Citigroup lowered shares of Artisan Partners Asset Management from a “neutral” rating to a “sell” rating in a research report on Monday, January 14th. TheStreet lowered shares of Artisan Partners Asset Management from a “b-” rating to a “c+” rating in a research report on Friday, December 7th. Finally, Royal Bank of Canada set a $34.00 price objective on shares of Artisan Partners Asset Management and gave the company a “buy” rating in a research report on Thursday, November 1st. Four analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $32.80.
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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.
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