Artisan Partners Asset Management Inc. (APAM) To Go Ex-Dividend on February 14th

Artisan Partners Asset Management Inc. (NYSE:APAM) announced a quarterly dividend on Tuesday, February 4th,NASDAQ Dividends reports. Shareholders 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 4.54%. The ex-dividend date is Friday, February 14th.

Artisan Partners Asset Management has decreased its dividend payment by an average of 10.4% per year over the last three years. Artisan Partners Asset Management has a dividend payout ratio of 88.4% indicating that 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 Stock Performance

NYSE APAM opened at $44.04 on Wednesday. The firm has a market capitalization of $3.54 billion, a P/E ratio of 12.13 and a beta of 1.81. The company has a current ratio of 0.56, a quick ratio of 0.73 and a debt-to-equity ratio of 0.47. The firm’s fifty day moving average price is $44.31 and its two-hundred day moving average price is $43.73. Artisan Partners Asset Management has a 1 year low of $37.89 and a 1 year high of $49.54.

Artisan Partners Asset Management (NYSE:APAM) last posted 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 net margin of 23.36% and a return on equity of 74.02%. As a group, research analysts anticipate that Artisan Partners Asset Management will post 3.53 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Evercore ISI boosted their price objective 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. 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. TD Cowen raised their price objective on shares of Artisan Partners Asset Management from $41.00 to $43.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Finally, StockNews.com lowered shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Artisan Partners Asset Management presently has an average 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.