Artisan Partners Asset Management (NYSE:APAM) Releases Earnings Results, Misses Expectations By $0.03 EPS

Artisan Partners Asset Management (NYSE:APAM) released its quarterly earnings data on Wednesday. The asset manager reported $0.76 EPS for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03), Briefing.com reports. Artisan Partners Asset Management had a net margin of 22.99% and a return on equity of 72.77%. The firm had revenue of $264.40 million during the quarter, compared to the consensus estimate of $270.90 million. During the same quarter last year, the business posted $0.64 earnings per share. Artisan Partners Asset Management’s revenue was up 12.8% compared to the same quarter last year.

Artisan Partners Asset Management Trading Up 2.0 %

APAM stock traded up $0.83 during trading on Friday, hitting $41.87. 89,154 shares of the company traded hands, compared to its average volume of 478,135. The company has a 50-day moving average of $43.72 and a 200-day moving average of $41.01. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.64 and a current ratio of 0.55. Artisan Partners Asset Management has a 1 year low of $31.27 and a 1 year high of $46.75. The firm has a market capitalization of $3.34 billion, a PE ratio of 12.75 and a beta of 1.85.

Artisan Partners Asset Management Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend is Thursday, May 16th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is presently 82.93%.

Analyst Upgrades and Downgrades

APAM has been the topic of a number of recent analyst reports. StockNews.com upgraded Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Sunday, March 17th. TD Cowen initiated coverage on Artisan Partners Asset Management in a research note on Thursday, January 4th. They issued a “market perform” rating and a $41.00 target price for the company.

Insider Activity

In other news, EVP Gregory K. Ramirez sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $42.28, for a total transaction of $105,700.00. Following the completion of the transaction, the executive vice president now directly owns 83,335 shares of the company’s stock, valued at $3,523,403.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 18.50% of the company’s stock.

Artisan Partners Asset Management Company Profile

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.