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

Artisan Partners Asset Management Inc. (NYSE:APAM - Get Free Report) declared a quarterly 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. This represents a $2.00 annualized dividend and a yield of 4.49%. The ex-dividend date is Friday, February 14th.

Artisan Partners Asset Management has decreased its dividend by an average of 10.4% annually over the last three years. Artisan Partners Asset Management has a dividend 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. 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 Trading Down 1.0 %

APAM stock traded down $0.44 during trading on Friday, hitting $44.51. The company had a trading volume of 499,631 shares, compared to its average volume of 459,049. The company has a 50 day simple moving average of $44.47 and a 200-day simple moving average of $43.69. The company has a quick ratio of 0.73, a current ratio of 0.56 and a debt-to-equity ratio of 0.47. Artisan Partners Asset Management has a 52-week low of $37.89 and a 52-week high of $49.54. The firm has a market capitalization of $3.58 billion, a P/E ratio of 12.23 and a beta of 1.81.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. 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 downgraded Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a research note on Thursday. TD Cowen lifted their price target on Artisan Partners Asset Management from $41.00 to $43.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Finally, Royal Bank of Canada reduced their price target on Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating on the stock in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $44.38.

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.