Artisan Partners Asset Management Inc. (NYSE:APAM) Plans Quarterly Dividend of $0.61

Artisan Partners Asset Management Inc. (NYSE:APAM - Get Free Report) declared a quarterly dividend on Tuesday, April 23rd, Zacks reports. Shareholders of record on Friday, May 17th will be paid a dividend of 0.61 per share by the asset manager on Friday, May 31st. This represents a $2.44 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date of this dividend is Thursday, May 16th.

Artisan Partners Asset Management has decreased its dividend payment by an average of 6.1% per year over the last three years. Artisan Partners Asset Management has a dividend payout ratio of 73.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Artisan Partners Asset Management to earn $3.56 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 76.4%.

Artisan Partners Asset Management Price Performance

NYSE:APAM traded down $1.18 during midday trading on Thursday, hitting $41.02. 581,057 shares of the stock were exchanged, compared to its average volume of 483,077. Artisan Partners Asset Management has a one year low of $31.27 and a one year high of $46.75. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 12.38 and a beta of 1.85. The business has a 50-day moving average price of $43.72 and a two-hundred day moving average price of $41.01. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.57.

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) last announced its earnings results on Wednesday, April 24th. The asset manager reported $0.76 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.03). Artisan Partners Asset Management had a return on equity of 74.25% and a net margin of 22.99%. The firm had revenue of $264.40 million for the quarter, compared to the consensus estimate of $270.90 million. During the same period in the previous year, the firm earned $0.64 EPS. Artisan Partners Asset Management's revenue for the quarter was up 12.8% on a year-over-year basis. Sell-side analysts predict that Artisan Partners Asset Management will post 3.38 EPS for the current year.

Insiders Place Their Bets

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

Analyst Ratings Changes

Several research analysts have issued reports on the company. StockNews.com raised Artisan Partners Asset Management from a "hold" rating to a "buy" rating in a report on Sunday, March 17th. TD Cowen assumed coverage on Artisan Partners Asset Management in a report on Thursday, January 4th. They issued a "market perform" rating and a $41.00 price target on the stock.

About Artisan Partners Asset Management

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.