Artisan Partners Asset Management (NYSE:APAM - Get Free Report) released its quarterly earnings results on Tuesday. The asset manager reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.08, Zacks reports. Artisan Partners Asset Management had a net margin of 23.36% and a return on equity of 74.02%.
Artisan Partners Asset Management Stock Performance
APAM traded down $0.44 during trading on Friday, hitting $44.51. 499,631 shares of the stock were exchanged, compared to its average volume of 459,049. 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 has a 1-year low of $37.89 and a 1-year high of $49.54. The stock has a fifty day moving average price of $44.47 and a two-hundred day moving average price 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 Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, February 14th. This represents a $2.00 dividend on an annualized basis and a yield of 4.49%. Artisan Partners Asset Management's dividend payout ratio is presently 90.11%.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on APAM shares. Royal Bank of Canada lowered their target price on Artisan Partners Asset Management from $53.00 to $51.00 and set an "outperform" rating for the company in a report on Monday, February 3rd. StockNews.com cut shares of Artisan Partners Asset Management from a "buy" rating to a "hold" rating in a report on Thursday. Evercore ISI upped 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. Finally, TD Cowen boosted their price target on shares of 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $44.38.
Read Our Latest Research Report on APAM
Artisan Partners Asset Management Company Profile
(
Get Free Report)
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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