Artisan Partners Asset Management Inc. (APAM) To Go Ex-Dividend on May 16th

Artisan Partners Asset Management Inc. (NYSE:APAM) announced a quarterly dividend on Thursday, May 1st, Wall Street Journal reports. Stockholders of record on Friday, May 16th will be paid a dividend of 0.68 per share by the asset manager on Friday, May 30th. This represents a $2.72 annualized dividend and a dividend yield of 6.29%. The ex-dividend date is Friday, May 16th.

Artisan Partners Asset Management has decreased its dividend payment by an average of 10.4% annually over the last three years. Artisan Partners Asset Management has a dividend payout ratio of 81.9% 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 $3.96 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 68.7%.

Artisan Partners Asset Management Trading Up 1.3%

NYSE:APAM opened at $43.26 on Wednesday. The stock has a market cap of $3.47 billion, a PE ratio of 11.88 and a beta of 1.68. Artisan Partners Asset Management has a fifty-two week low of $32.75 and a fifty-two week high of $49.54. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.56 and a quick ratio of 0.73. The stock’s 50-day moving average is $38.41 and its two-hundred day moving average is $42.60.

Artisan Partners Asset Management (NYSE:APAM) last posted its quarterly earnings results on Tuesday, April 29th. The asset manager reported $0.83 EPS for the quarter, topping the consensus estimate of $0.76 by $0.07. The business had revenue of $277.10 million during the quarter, compared to analysts’ expectations of $281.15 million. Artisan Partners Asset Management had a net margin of 23.36% and a return on equity of 74.02%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $0.76 earnings per share. As a group, equities research analysts forecast that Artisan Partners Asset Management will post 3.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on APAM shares. StockNews.com downgraded shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a research note on Tuesday, April 8th. Evercore ISI dropped their target price on Artisan Partners Asset Management from $33.00 to $32.00 and set an “in-line” rating on the stock in a research report on Thursday, May 1st. TD Cowen reduced their price target on Artisan Partners Asset Management from $46.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. TD Securities increased their price objective on Artisan Partners Asset Management from $35.00 to $39.00 and gave the stock a “hold” rating in a report on Thursday, May 1st. Finally, Royal Bank of Canada lifted their target price on shares of Artisan Partners Asset Management from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $37.90.

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.