Artisan Partners Asset Management Inc. Declares Quarterly Dividend of $0.77 (NYSE:APAM)

Key Points

• Quarterly dividend declared: Artisan Partners announced a quarterly dividend of $0.77 per share on April 28, with shareholders of record on May 15 to be paid on May 29; the payout implies a dividend yield of about 8.4%.
• Payout sustainability concerns: The firm has a payout ratio of 119.2%, meaning the dividend currently exceeds earnings and is being covered from the balance sheet, though analysts forecast next-year EPS that would reduce the payout to roughly 98%.
• Earnings miss and market reaction: Artisan reported Q1 EPS of $0.87 versus $0.91 expected and revenue of $303M (vs. $306M est.), and the stock traded down ~2.8%, trading around $36.75 with a market cap near $2.96B.

Artisan Partners Asset Management Inc. (NYSE:APAM - Get Free Report) declared a quarterly dividend on Tuesday, April 28th. Stockholders of record on Friday, May 15th will be given a dividend of 0.77 per share by the asset manager on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend 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%per year over the last three years. Artisan Partners Asset Management has a 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 research 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 Trading Down 2.8%

Shares of APAM opened at $36.75 on Wednesday. The company has a market capitalization of $2.96 billion, a PE ratio of 9.15 and a beta of 1.76. The stock has a fifty day moving average of $37.62 and a two-hundred day moving average of $41.09. Artisan Partners Asset Management has a fifty-two week low of $34.99 and a fifty-two week high of $48.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.91 and a current ratio of 0.91.

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

Artisan Partners Asset Management Company Profile

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.

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