Artisan Partners Asset Management Inc. (NYSE:APAM) Announces $0.57 Annual Dividend

Artisan Partners Asset Management Inc. (NYSE:APAM) declared an annual dividend on Tuesday, February 3rd. Stockholders of record on Friday, February 13th will be paid a dividend of 0.57 per share by the asset manager on Friday, February 27th. This represents a dividend yield of 127.0%. The ex-dividend date of this dividend is Friday, February 13th.

Artisan Partners Asset Management has decreased its dividend payment by an average of 0.0%per year over the last three years. Artisan Partners Asset Management has a dividend payout ratio of 103.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Artisan Partners Asset Management to earn $3.96 per share next year, which means the company should continue to be able to cover its $3.52 annual dividend with an expected future payout ratio of 88.9%.

Artisan Partners Asset Management Trading Down 1.4%

Shares of NYSE APAM traded down $0.64 during mid-day trading on Wednesday, hitting $43.91. The company’s stock had a trading volume of 180,440 shares, compared to its average volume of 481,206. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 11.99 and a beta of 1.76. The company’s fifty day simple moving average is $42.55 and its 200-day simple moving average is $44.01. Artisan Partners Asset Management has a one year low of $32.75 and a one year high of $48.50.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings data on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.15. Artisan Partners Asset Management had a net margin of 22.90% and a return on equity of 72.15%. The firm had revenue of $335.50 million for the quarter, compared to analysts’ expectations of $322.13 million. During the same period last year, the firm earned $1.05 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, sell-side analysts anticipate that Artisan Partners Asset Management will post 3.6 earnings per share for the current fiscal year.

About Artisan Partners Asset Management

Artisan Partners Asset Management Inc is a global investment management firm that specializes in active, fundamental research-driven strategies across a range of equity, fixed income and alternative asset classes. Founded in 1994 by Andrew Ziegler, the company has built a reputation for its team-based approach to portfolio construction, emphasizing deep sector expertise and independent analysis. Its product lineup includes U.S. and international equity strategies, global emerging markets, as well as credit and multisector fixed income offerings.

Artisan Partners serves a diverse client base that spans institutional investors, intermediaries and high-net-worth individuals located in North America, Europe and Asia.