Artisan Partners Asset Management (NYSE:APAM – Get Free Report) announced its quarterly earnings results on Tuesday. The asset manager reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.07, FiscalAI reports. The firm had revenue of $312.50 million during the quarter, compared to analysts’ expectations of $307.60 million. Artisan Partners Asset Management had a net margin of 24.08% and a return on equity of 73.11%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.02 EPS.
Artisan Partners Asset Management Stock Performance
Shares of APAM opened at $34.62 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $2.81 billion, a P/E ratio of 8.40 and a beta of 1.70. The firm’s fifty day simple moving average is $37.05 and its two-hundred day simple moving average is $38.43. Artisan Partners Asset Management has a 12 month low of $30.86 and a 12 month high of $46.53.
Artisan Partners Asset Management Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, November 30th. Investors of record on Monday, November 16th will be issued a $0.88 dividend. The ex-dividend date is Monday, November 16th. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.80. This represents a $3.52 annualized dividend and a yield of 10.2%. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 77.67%.
Wall Street Analyst Weigh In
APAM has been the topic of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Artisan Partners Asset Management in a report on Tuesday, September 29th. Royal Bank Of Canada decreased their price objective on Artisan Partners Asset Management from $45.00 to $43.00 and set an “outperform” rating for the company in a report on Friday, October 9th. Zacks Research lowered Artisan Partners Asset Management from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th. The Goldman Sachs Group lowered their target price on Artisan Partners Asset Management from $35.00 to $31.00 and set a “sell” rating for the company in a research report on Friday, October 2nd. Finally, Evercore set a $33.00 price target on Artisan Partners Asset Management in a research report on Thursday. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Artisan Partners Asset Management presently has a consensus rating of “Reduce” and an average price target of $35.00.
Check Out Our Latest Stock Analysis on Artisan Partners Asset Management
Insider Buying and Selling at Artisan Partners Asset Management
In other news, EVP Gregory Ramirez sold 7,000 shares of Artisan Partners Asset Management stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $42.59, for a total value of $298,130.00. Following the completion of the transaction, the executive vice president directly owned 109,194 shares of the company’s stock, valued at approximately $4,650,572.46. This trade represents a 6.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 11.30% of the company’s stock.
Artisan Partners Asset Management News Roundup
Here are the key news stories impacting Artisan Partners Asset Management this week:
- Positive Sentiment: Q3 earnings and revenue exceeded expectations. Adjusted EPS was $1.03 versus the $0.96 consensus estimate, while revenue reached $312.5 million compared with $307.6 million expected. Revenue also increased 3.7% year over year, indicating resilient fee income despite challenging equity-market conditions. Earnings Flash
- Positive Sentiment: Artisan Partners raised its quarterly dividend by 10%. The company declared a variable dividend of $0.88 per share, payable November 30 to shareholders of record November 16. The annualized payout is $3.52 per share, representing an approximately 10.2% yield based on the provided stock price. Artisan Partners Reports Third-Quarter Results and Dividend
- Positive Sentiment: Management is pursuing product expansion. Artisan Partners is developing an interval fund targeted for 2027, which could broaden distribution and provide access to additional investment products over time. Artisan Partners AUM and Interval Fund Update
- Negative Sentiment: Asset outflows remain the key risk. Artisan Partners lost approximately $10.6 billion in assets under management during the third quarter and anticipates another $2.5 billion reduction in the fourth quarter. Continued AUM pressure could weigh on future management fees and earnings, partially offsetting the earnings beat and dividend increase. Artisan Partners Q3 Earnings and AUM Update
About Artisan Partners Asset Management
Artisan Partners Asset Management Inc is an investment management company that provides actively managed investment strategies to institutional and intermediary clients, as well as certain private wealth investors. The company operates through Artisan Partners, L.P. and related entities, offering investment expertise across equity, fixed-income and alternative asset classes.
Its products and services include strategies focused on U.S. and international equities, emerging markets, non-U.S.
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