Artisan Partners Asset Management Inc. (APAM) to Issue Quarterly Dividend of $0.77 on May 29th

Artisan Partners Asset Management Inc. (NYSE:APAM) declared a quarterly dividend on Tuesday, April 28th. Investors of record on Friday, May 15th will be paid a dividend of 0.77 per share by the asset manager on Friday, May 29th. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date is Friday, May 15th.

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 119.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Artisan Partners Asset Management to earn $4.12 per share next year, which means the company should continue to be able to cover its $4.04 annual dividend with an expected future payout ratio of 98.1%.

Artisan Partners Asset Management Price Performance

Shares of NYSE:APAM opened at $36.61 on Thursday. Artisan Partners Asset Management has a twelve month low of $34.99 and a twelve month high of $48.50. The company’s 50 day moving average is $37.50 and its 200 day moving average is $41.06. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.40. The company has a market cap of $2.95 billion, a PE ratio of 9.13 and a beta of 1.76.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, April 28th. The asset manager reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.04). Artisan Partners Asset Management had a return on equity of 73.73% and a net margin of 24.26%.The business had revenue of $303.00 million during the quarter, compared to analyst estimates of $306.05 million. During the same quarter last year, the company posted $0.83 EPS. Artisan Partners Asset Management’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, sell-side analysts forecast that Artisan Partners Asset Management will post 3.96 EPS for the current year.

Institutional Investors Weigh In On Artisan Partners Asset Management

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. WealthCollab LLC grew its stake in shares of Artisan Partners Asset Management by 17.0% during the 2nd quarter. WealthCollab LLC now owns 1,700 shares of the asset manager’s stock worth $75,000 after purchasing an additional 247 shares during the period. Belpointe Asset Management LLC grew its stake in Artisan Partners Asset Management by 4.3% in the 3rd quarter. Belpointe Asset Management LLC now owns 6,210 shares of the asset manager’s stock valued at $270,000 after acquiring an additional 255 shares during the period. Smartleaf Asset Management LLC grew its stake in Artisan Partners Asset Management by 18.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,730 shares of the asset manager’s stock valued at $75,000 after acquiring an additional 265 shares during the period. WINTON GROUP Ltd grew its stake in Artisan Partners Asset Management by 0.9% in the 4th quarter. WINTON GROUP Ltd now owns 29,793 shares of the asset manager’s stock valued at $1,214,000 after acquiring an additional 269 shares during the period. Finally, Provident Investment Management Inc. grew its stake in Artisan Partners Asset Management by 1.2% in the 3rd quarter. Provident Investment Management Inc. now owns 22,295 shares of the asset manager’s stock valued at $968,000 after acquiring an additional 275 shares during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.

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.