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%.

APAM has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $40.00 target price on shares of Artisan Partners Asset Management in a report on Friday, December 22nd. ValuEngine cut shares of Artisan Partners Asset Management from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Royal Bank of Canada set a $41.00 target price on shares of Artisan Partners Asset Management and gave the stock a “buy” rating in a report on Friday, December 15th. Zacks Investment Research raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Tuesday, October 10th. Finally, BidaskClub cut shares of Artisan Partners Asset Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 28th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $36.40.

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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.

Earnings History for Artisan Partners Asset Management (NYSE:APAM)

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