Artisan Partners Asset Management Inc (NYSE:APAM) announced a quarterly dividend on Friday, October 26th, Wall Street Journal reports. Shareholders of record on Friday, November 16th will be given a dividend of 0.60 per share by the asset manager on Friday, November 30th. This represents a $2.40 annualized dividend and a yield of 8.83%. The ex-dividend date is Thursday, November 15th.

Artisan Partners Asset Management has raised its dividend payment by an average of 2.9% annually over the last three years. Artisan Partners Asset Management has a dividend payout ratio of 77.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Artisan Partners Asset Management to earn $2.89 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 83.0%.

NYSE APAM opened at $27.19 on Friday. Artisan Partners Asset Management has a fifty-two week low of $26.29 and a fifty-two week high of $41.45. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.68 and a quick ratio of 0.68. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 9.27, a price-to-earnings-growth ratio of 0.99 and a beta of 1.70.

Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, October 30th. The asset manager reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.03. Artisan Partners Asset Management had a return on equity of 199.82% and a net margin of 11.60%. The business had revenue of $212.80 million during the quarter, compared to analysts’ expectations of $212.17 million. During the same quarter last year, the business posted $0.65 EPS. The business’s revenue was up 4.0% on a year-over-year basis. As a group, research analysts expect that Artisan Partners Asset Management will post 3.04 earnings per share for the current year.

APAM has been the subject of several research analyst reports. Royal Bank of Canada set a $34.00 price objective on Artisan Partners Asset Management and gave the stock a “buy” rating in a report on Thursday, November 1st. ValuEngine upgraded Artisan Partners Asset Management from a “strong sell” rating to a “sell” rating in a report on Saturday, July 28th. Citigroup decreased their target price on Artisan Partners Asset Management from $31.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, November 1st. Zacks Investment Research lowered Artisan Partners Asset Management from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Finally, Bank of America increased their target price on Artisan Partners Asset Management from $33.00 to $34.00 and gave the stock an “underperform” rating in a research report on Thursday, August 2nd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $32.80.

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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.

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

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