Artisan Partners Asset Management Inc. (APAM) To Go Ex-Dividend on November 15th
Artisan Partners Asset Management Inc. (NYSE:APAM) announced a quarterly dividend on Thursday, October 26th, Wall Street Journal reports. Investors of record on Thursday, November 16th will be given a dividend of 0.60 per share by the asset manager on Thursday, November 30th. This represents a $2.40 annualized dividend and a dividend yield of 6.65%. The ex-dividend date of this dividend is Wednesday, November 15th.
Artisan Partners Asset Management has increased its dividend by an average of 40.8% annually over the last three years. Artisan Partners Asset Management has a payout ratio of 100.4% indicating that 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 $2.66 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 90.2%.
Shares of Artisan Partners Asset Management (APAM) opened at $36.09 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.27. Artisan Partners Asset Management has a 52 week low of $26.30 and a 52 week high of $36.88. The stock has a market cap of $2,765.79, a price-to-earnings ratio of 18.12, a P/E/G ratio of 1.58 and a beta of 1.77.
Artisan Partners Asset Management (NYSE:APAM) last released its quarterly earnings data on Tuesday, October 31st. The asset manager reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. Artisan Partners Asset Management had a net margin of 12.58% and a return on equity of 95.09%. The business had revenue of $204.60 million during the quarter, compared to analyst estimates of $204.53 million. During the same quarter in the previous year, the business earned $0.56 EPS. Artisan Partners Asset Management’s quarterly revenue was up 11.1% compared to the same quarter last year. research analysts forecast that Artisan Partners Asset Management will post 2.39 earnings per share for the current year.
A number of research analysts have weighed in on the stock. BidaskClub lowered shares of Artisan Partners Asset Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 28th. Royal Bank Of Canada set a $36.00 target price on shares of Artisan Partners Asset Management and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Zacks Investment Research raised shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research report on Tuesday, October 10th. Jefferies Group LLC reissued a “hold” rating and set a $32.00 target price on shares of Artisan Partners Asset Management in a research report on Tuesday, September 26th. Finally, Sidoti raised shares of Artisan Partners Asset Management from a “neutral” rating to a “buy” rating in a research report on Friday, August 4th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Artisan Partners Asset Management currently has a consensus rating of “Hold” and an average target price of $31.93.
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About Artisan Partners Asset Management
Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.
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