Artisan Partners Asset Management Inc. (NYSE:APAM) Raises Dividend to $0.73 Per Share

Key Points

• Artisan Partners Asset Management Inc. has increased its quarterly dividend to $0.73 per share, reflecting a 7.4% increase from the previous dividend of $0.68.
• The company reported a net margin of 23.87% and a return on equity of 72.25%, with quarterly revenues reaching $282.80 million, surpassing analysts' expectations.
• Artisan Partners' stock price rose 1.4% to $45.26, with a market capitalization of $3.65 billion and a price-to-earnings ratio of 12.04.

Artisan Partners Asset Management Inc. (NYSE:APAM - Get Free Report) announced a quarterly dividend on Thursday, July 31st, Wall Street Journal reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.73 per share by the asset manager on Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Friday, August 15th. This is a 7.4% increase from Artisan Partners Asset Management's previous quarterly dividend of $0.68.

Artisan Partners Asset Management has a payout ratio of 80.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. Equities analysts expect Artisan Partners Asset Management to earn $3.96 per share next year, which means the company should continue to be able to cover its $2.72 annual dividend with an expected future payout ratio of 68.7%.

Artisan Partners Asset Management Stock Up 2.2%

Shares of Artisan Partners Asset Management stock traded up $0.99 on Monday, reaching $45.83. 41,175 shares of the company were exchanged, compared to its average volume of 583,259. Artisan Partners Asset Management has a one year low of $32.75 and a one year high of $49.54. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 12.20 and a beta of 1.69. The company has a current ratio of 0.70, a quick ratio of 0.87 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average of $44.04 and a 200 day moving average of $41.87.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The asset manager reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.01. Artisan Partners Asset Management had a return on equity of 71.72% and a net margin of 23.87%. The company had revenue of $282.80 million for the quarter, compared to analysts' expectations of $269.00 million. During the same quarter in the prior year, the business posted $0.82 EPS. The business's revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts forecast that Artisan Partners Asset Management will post 3.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

APAM has been the topic of a number of analyst reports. Evercore ISI dropped their price objective on Artisan Partners Asset Management from $33.00 to $32.00 and set an "in-line" rating on the stock in a research note on Thursday, May 1st. Wall Street Zen upgraded Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a research note on Tuesday, May 20th. TD Cowen dropped their price target on Artisan Partners Asset Management from $46.00 to $35.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Royal Bank Of Canada increased their price target on Artisan Partners Asset Management from $50.00 to $51.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, TD Securities increased their price target on Artisan Partners Asset Management from $35.00 to $39.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $39.30.

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.