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

Artisan Partners Asset Management (NYSE:APAM - Get Free Report) announced its earnings results on Wednesday. The asset manager reported $0.76 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.03), Briefing.com reports. The company had revenue of $264.40 million for the quarter, compared to analyst estimates of $270.90 million. Artisan Partners Asset Management had a return on equity of 73.85% and a net margin of 22.80%. The firm's quarterly revenue was up 12.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 earnings per share.

Artisan Partners Asset Management Stock Down 2.8 %

Shares of NYSE APAM traded down $1.23 during midday trading on Wednesday, hitting $42.20. 598,285 shares of the stock traded hands, compared to its average volume of 481,838. The company has a market cap of $3.37 billion, a PE ratio of 13.35 and a beta of 1.85. Artisan Partners Asset Management has a one year low of $31.27 and a one year high of $46.75. The business has a 50 day moving average price of $43.70 and a two-hundred day moving average price of $41.00. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.64 and a current ratio of 0.64.

Artisan Partners Asset Management Increases Dividend

The company also recently disclosed a None dividend, which was paid on Thursday, February 29th. Stockholders of record on Thursday, February 15th were issued a dividend of $1.02 per share. This is an increase from Artisan Partners Asset Management's previous None dividend of $0.65. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a dividend yield of 5.5%. Artisan Partners Asset Management's payout ratio is currently 86.08%.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, EVP Gregory K. Ramirez sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $42.28, for a total transaction of $105,700.00. Following the completion of the sale, the executive vice president now owns 83,335 shares in the company, valued at $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.

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.