Artisan Partners Asset Management Inc. to Issue Quarterly Dividend of $0.50 (NYSE:APAM)

Artisan Partners Asset Management Inc. (NYSE:APAM) announced a quarterly dividend on Tuesday, February 4th,NASDAQ Dividends reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.50 per share by the asset manager on Friday, February 28th. This represents a $2.00 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Friday, February 14th.

Artisan Partners Asset Management has decreased its dividend payment by an average of 10.4% per year over the last three years. Artisan Partners Asset Management has a payout ratio of 88.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Artisan Partners Asset Management to earn $3.91 per share next year, which means the company should continue to be able to cover its $3.36 annual dividend with an expected future payout ratio of 85.9%.

Artisan Partners Asset Management Price Performance

Shares of NYSE APAM opened at $44.04 on Wednesday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.73 and a current ratio of 0.56. Artisan Partners Asset Management has a fifty-two week low of $37.89 and a fifty-two week high of $49.54. The stock has a market cap of $3.54 billion, a PE ratio of 12.13 and a beta of 1.81. The stock has a fifty day moving average of $44.31 and a 200-day moving average of $43.73.

Artisan Partners Asset Management (NYSE:APAM) last posted its earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.08. Artisan Partners Asset Management had a return on equity of 74.02% and a net margin of 23.36%. Equities research analysts anticipate that Artisan Partners Asset Management will post 3.53 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on APAM. Evercore ISI increased their target price on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Royal Bank of Canada lowered their price objective 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, February 3rd. StockNews.com cut Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, TD Cowen raised their price target on Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently 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.