Artisan Partners Asset Management Inc. (APAM) to Issue Dividend of $0.50 on February 28th

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 is Friday, February 14th.

Artisan Partners Asset Management has decreased its dividend by an average of 10.4% per year over the last three years. Artisan Partners Asset Management has a payout ratio of 84.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research 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 Performance

Shares of NYSE APAM opened at $44.78 on Thursday. The business’s 50-day simple moving average is $44.63 and its 200-day simple moving average is $43.66. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.73 and a current ratio of 0.73. 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 cap of $3.60 billion, a price-to-earnings ratio of 12.47 and a beta of 1.81.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Tuesday, February 4th. The asset manager reported $1.05 EPS for the quarter, beating the consensus estimate 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%. As a group, equities research analysts expect that Artisan Partners Asset Management will post 3.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on APAM shares. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. TD Cowen lifted their price objective 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. Royal Bank of Canada decreased their target price on Artisan Partners Asset Management from $53.00 to $51.00 and set an “outperform” rating for the company in a research note on Monday. Finally, Evercore ISI lifted their price target on Artisan Partners Asset Management from $40.00 to $44.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Artisan Partners Asset Management presently has a consensus rating of “Hold” and a consensus 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.