Artisan Partners Asset Management Inc. (APAM) to Issue Quarterly Dividend of $0.80 on August 31st

Artisan Partners Asset Management Inc. (NYSE:APAMGet Free Report) announced a quarterly dividend on Tuesday, July 28th. Investors of record on Monday, August 17th will be paid a dividend of 0.80 per share by the asset manager on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Monday, August 17th. This is a 3.9% increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.77.

Artisan Partners Asset Management has increased its dividend by an average of 0.0%annually over the last three years. Artisan Partners Asset Management has a dividend payout ratio of 90.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Artisan Partners Asset Management to earn $3.93 per share next year, which means the company should continue to be able to cover its $3.08 annual dividend with an expected future payout ratio of 78.4%.

Artisan Partners Asset Management Price Performance

Shares of APAM stock opened at $40.34 on Thursday. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 9.79 and a beta of 1.68. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.44. Artisan Partners Asset Management has a twelve month low of $33.96 and a twelve month high of $48.46. The stock has a fifty day simple moving average of $36.91 and a two-hundred day simple moving average of $38.57.

Artisan Partners Asset Management (NYSE:APAMGet Free Report) last issued its earnings results on Tuesday, July 28th. The asset manager reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.03. Artisan Partners Asset Management had a net margin of 24.08% and a return on equity of 73.71%. The firm had revenue of $307.90 million during the quarter, compared to analysts’ expectations of $301.32 million. During the same quarter last year, the company posted $0.83 earnings per share. The firm’s revenue was up 8.9% compared to the same quarter last year. On average, analysts predict that Artisan Partners Asset Management will post 3.89 EPS for the current fiscal year.

Institutional Trading of Artisan Partners Asset Management

Several large investors have recently added to or reduced their stakes in APAM. Eagle Bay Advisors LLC acquired a new stake in shares of Artisan Partners Asset Management in the fourth quarter valued at $32,000. Triumph Capital Management raised its position in Artisan Partners Asset Management by 112.5% during the fourth quarter. Triumph Capital Management now owns 850 shares of the asset manager’s stock valued at $35,000 after acquiring an additional 450 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of Artisan Partners Asset Management during the 4th quarter worth about $37,000. IFP Advisors Inc grew its stake in Artisan Partners Asset Management by 45.8% in the 3rd quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock valued at $41,000 after buying an additional 300 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in Artisan Partners Asset Management in the 4th quarter worth approximately $51,000. 86.45% of the stock is currently owned by institutional investors and hedge funds.

About Artisan Partners Asset Management

(Get Free Report)

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.

See Also

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

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