Artisan Partners Asset Management Inc. (NYSE:APAM) Plans $0.61 Quarterly Dividend

Artisan Partners Asset Management Inc. (NYSE:APAM) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Investors of record on Friday, May 17th will be paid a dividend of 0.61 per share by the asset manager on Friday, May 31st. This represents a $2.44 dividend on an annualized basis and a yield of 6.01%. The ex-dividend date is Thursday, May 16th.

Artisan Partners Asset Management has decreased its dividend payment by an average of 6.1% annually over the last three years. Artisan Partners Asset Management has a payout ratio of 73.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Artisan Partners Asset Management to earn $3.56 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 76.4%.

Artisan Partners Asset Management Trading Down 3.8 %

NYSE:APAM traded down $1.60 during trading hours on Thursday, hitting $40.60. The company had a trading volume of 37,752 shares, compared to its average volume of 476,199. Artisan Partners Asset Management has a 52 week low of $31.27 and a 52 week high of $46.75. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a 50-day moving average price of $43.70 and a 200 day moving average price of $41.00. The company has a market capitalization of $3.24 billion, a PE ratio of 12.87 and a beta of 1.85.

Artisan Partners Asset Management (NYSE:APAM) last issued its earnings results on Wednesday, April 24th. The asset manager reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.03). The firm had revenue of $264.40 million during the quarter, compared to analysts’ expectations of $270.90 million. Artisan Partners Asset Management had a return on equity of 74.25% and a net margin of 22.99%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period last year, the firm posted $0.64 earnings per share. On average, equities research analysts predict that Artisan Partners Asset Management will post 3.38 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity

In other news, EVP Gregory K. Ramirez sold 2,500 shares of Artisan Partners Asset Management stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $42.28, for a total transaction of $105,700.00. Following the sale, the executive vice president now owns 83,335 shares of the company’s stock, valued at approximately $3,523,403.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 18.50% of the company’s stock.

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.