Artisan Partners Asset Management Inc. (APAM) To Go Ex-Dividend on November 14th

Artisan Partners Asset Management Inc. (NYSE:APAM) declared a quarterly dividend on Tuesday, October 28th. Investors of record on Friday, November 14th will be given a dividend of 0.88 per share by the asset manager on Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Friday, November 14th. This is a 20.5% increase from Artisan Partners Asset Management’s previous quarterly dividend of $0.73.

Artisan Partners Asset Management has decreased its dividend payment by an average of 0.0%per year over the last three years. Artisan Partners Asset Management has a dividend payout ratio of 103.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 $3.52 annual dividend with an expected future payout ratio of 88.9%.

Artisan Partners Asset Management Trading Up 0.1%

Artisan Partners Asset Management stock opened at $45.09 on Wednesday. Artisan Partners Asset Management has a 12 month low of $32.75 and a 12 month high of $49.54. The company has a market capitalization of $3.64 billion, a price-to-earnings ratio of 12.32 and a beta of 1.74. The business’s fifty day simple moving average is $44.43 and its two-hundred day simple moving average is $44.13. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.43.

Artisan Partners Asset Management (NYSE:APAM) last issued its quarterly earnings results on Tuesday, October 28th. The asset manager reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.05. The firm had revenue of $301.30 million during the quarter, compared to the consensus estimate of $300.90 million. Artisan Partners Asset Management had a return on equity of 72.15% and a net margin of 22.90%.The company’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $0.92 earnings per share. As a group, equities analysts predict that Artisan Partners Asset Management will post 3.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Artisan Partners Asset Management

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Chilton Capital Management LLC bought a new stake in Artisan Partners Asset Management in the 3rd quarter worth approximately $28,000. SVB Wealth LLC purchased a new position in shares of Artisan Partners Asset Management in the 1st quarter worth $33,000. Plato Investment Management Ltd purchased a new position in shares of Artisan Partners Asset Management in the 3rd quarter worth $43,000. Carolina Wealth Advisors LLC bought a new stake in shares of Artisan Partners Asset Management in the third quarter worth $55,000. Finally, Farther Finance Advisors LLC increased its position in Artisan Partners Asset Management by 24.1% during the second quarter. Farther Finance Advisors LLC now owns 1,282 shares of the asset manager’s stock valued at $57,000 after acquiring an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 86.45% 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.