Artisan Partners Asset Management (NYSE:APAM) Announces Earnings Results

Artisan Partners Asset Management (NYSE:APAM) issued its earnings results on Wednesday. The asset manager reported $0.76 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.03), Briefing.com reports. Artisan Partners Asset Management had a net margin of 22.80% and a return on equity of 73.85%. The firm had revenue of $264.40 million during the quarter, compared to analyst estimates of $270.90 million. During the same quarter in the prior year, the firm posted $0.64 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis.

Artisan Partners Asset Management Trading Down 6.1 %

APAM traded down $2.63 during trading on Wednesday, hitting $40.80. The company’s stock had a trading volume of 173,651 shares, compared to its average volume of 475,961. Artisan Partners Asset Management has a twelve month low of $31.27 and a twelve month high of $46.75. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.57. The stock’s fifty day moving average price is $43.65 and its 200-day moving average price is $40.95. The firm has a market capitalization of $3.26 billion, a P/E ratio of 13.04 and a beta of 1.85.

Artisan Partners Asset Management Increases Dividend

The business also recently disclosed a None dividend, which was paid on Thursday, February 29th. Investors of record on Thursday, February 15th were paid a $1.02 dividend. This is a positive change from Artisan Partners Asset Management’s previous None dividend of $0.65. This represents a dividend yield of 5.5%. The ex-dividend date was Wednesday, February 14th. Artisan Partners Asset Management’s payout ratio is currently 86.08%.

Insider Transactions at Artisan Partners Asset Management

In related news, EVP Gregory K. Ramirez sold 2,500 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $42.28, for a total transaction of $105,700.00. Following the completion of the sale, the executive vice president now owns 83,335 shares in the company, valued at $3,523,403.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 18.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on APAM. TD Cowen began coverage on shares of Artisan Partners Asset Management in a research note on Thursday, January 4th. They issued a “market perform” rating and a $41.00 target price for the company. StockNews.com raised Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a report on Sunday, March 17th.

Artisan Partners Asset Management Company Profile

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.