Artisan Partners Asset Management Inc. (NYSE:APAM) Plans $0.50 Dividend

Artisan Partners Asset Management Inc. (NYSE:APAM) announced a dividend on Tuesday, February 4th,NASDAQ Dividends reports. Investors of record on Friday, February 14th will be given a dividend of 0.50 per share by the asset manager on Friday, February 28th. The ex-dividend date of this dividend 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 payout ratio of 84.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Artisan Partners Asset Management to earn $3.53 per share next year, which means the company should continue to be able to cover its $3.28 annual dividend with an expected future payout ratio of 92.9%.

Artisan Partners Asset Management Stock Up 0.5 %

Shares of APAM opened at $44.78 on Thursday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $44.63 and a two-hundred day moving average price of $43.66. The stock has a market cap of $3.60 billion, a price-to-earnings ratio of 12.47 and a beta of 1.81. Artisan Partners Asset Management has a 12 month low of $37.89 and a 12 month high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Tuesday, February 4th. The asset manager reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.08. Artisan Partners Asset Management had a return on equity of 71.50% and a net margin of 23.95%. Equities analysts predict that Artisan Partners Asset Management will post 3.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on APAM. StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Evercore ISI lifted their price target on shares of Artisan Partners Asset Management from $40.00 to $44.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. TD Cowen boosted their price target on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Finally, Royal Bank of Canada dropped their price objective on shares of Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating for the company in a report on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.