Artisan Partners Asset Management (APAM) Announces Earnings Results
Artisan Partners Asset Management (NYSE:APAM) issued its earnings results on Tuesday. The asset manager reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.02), Bloomberg Earnings reports. Artisan Partners Asset Management had a return on equity of 95.09% and a net margin of 12.58%. The business had revenue of $210.70 million during the quarter, compared to the consensus estimate of $211.23 million. During the same period in the prior year, the business earned $0.53 EPS. The business’s revenue was up 16.1% on a year-over-year basis.
Shares of Artisan Partners Asset Management (NYSE:APAM) traded up $0.81 during midday trading on Tuesday, reaching $37.76. 643,140 shares of the company’s stock were exchanged, compared to its average volume of 349,066. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.27. Artisan Partners Asset Management has a 1 year low of $26.30 and a 1 year high of $41.45. The company has a market capitalization of $2,850.00, a PE ratio of 20.30, a P/E/G ratio of 0.84 and a beta of 1.72.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be issued a $0.60 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $2.40 dividend on an annualized basis and a yield of 6.36%. Artisan Partners Asset Management’s dividend payout ratio is currently 129.03%.
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Artisan Partners Asset Management Company Profile
Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.
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