Artisan Partners Asset Management Inc. (NYSE:apam) announced a quarterly dividend on Wednesday, October 26th. Shareholders of record on Wednesday, November 16th will be given a dividend of 0.60 per share on Wednesday, November 30th. This represents a $2.40 annualized dividend and a yield of 8.86%. The ex-dividend date is Monday, November 14th.

Shares of Artisan Partners Asset Management (NYSE:APAM) opened at 27.10 on Friday. Artisan Partners Asset Management has a 52-week low of $23.65 and a 52-week high of $39.98. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 16.71 and a beta of 1.70. The firm has a 50-day moving average of $26.99 and a 200 day moving average of $28.55.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings results on Monday, October 31st. The company reported $0.56 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.56. The company earned $184.10 million during the quarter, compared to analysts’ expectations of $182.31 million. Artisan Partners Asset Management had a net margin of 10.09% and a return on equity of 136.53%. The business’s quarterly revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.67 earnings per share. Analysts predict that Artisan Partners Asset Management will post $2.14 EPS for the current year.

Dividend History for Artisan Partners Asset Management (NYSE:apam)

In related news, Director Stephanie Dimarco acquired 1,078 shares of the company’s stock in a transaction dated Wednesday, November 30th. The shares were bought at an average cost of $38.95 per share, with a total value of $41,988.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 40.29% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in Artisan Partners Asset Management by 27.6% in the second quarter. BlackRock Inc. now owns 6,356 shares of the company’s stock valued at $176,000 after buying an additional 1,376 shares during the period. Zacks Investment Management acquired a new position in Artisan Partners Asset Management during the second quarter valued at approximately $270,000. Principal Financial Group Inc. increased its position in Artisan Partners Asset Management by 32.9% in the second quarter. Principal Financial Group Inc. now owns 9,899 shares of the company’s stock valued at $274,000 after buying an additional 2,453 shares during the period. KCG Holdings Inc. acquired a new position in Artisan Partners Asset Management during the second quarter valued at approximately $276,000. Finally, Cubist Systematic Strategies LLC acquired a new position in Artisan Partners Asset Management during the second quarter valued at approximately $371,000. Institutional investors and hedge funds own 55.95% of the company’s stock.

Several research analysts have recently weighed in on the stock. Credit Suisse Group AG reiterated a “hold” rating and issued a $21.00 price target on shares of Artisan Partners Asset Management in a report on Monday, November 7th. Jefferies Group restated a “hold” rating and set a $29.00 target price on shares of Artisan Partners Asset Management in a report on Monday, October 17th. Keefe, Bruyette & Woods set a $29.00 target price on shares of Artisan Partners Asset Management and gave the stock a “hold” rating in a report on Saturday, October 15th. Zacks Investment Research upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a report on Thursday, October 13th. Finally, RBC Capital Markets cut shares of Artisan Partners Asset Management from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $38.00 to $31.00 in a report on Monday, July 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.60.

Artisan Partners Asset Management Company Profile

Artisan Partners Asset Management Inc is an investment management firm focused on providing investment strategies to clients around the global. The Company’s operations are conducted through Artisan Partners Holdings LP and its subsidiaries. It operates in the investment management industry. The Company provides investment management services to separate accounts and mutual funds, and other pooled investment vehicles.

5 Day Chart for NYSE:APAM

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