Artisan Partners Asset Management Inc. (NYSE:APAM) Declares $0.57 Annual Dividend

Artisan Partners Asset Management Inc. (NYSE:APAM) announced an annual dividend on Tuesday, February 3rd. Stockholders of record on Friday, February 13th will be given a dividend of 0.57 per share by the asset manager on Friday, February 27th. This represents a dividend yield of 127.0%. The ex-dividend date is Friday, February 13th.

Artisan Partners Asset Management has decreased its dividend by an average of 0.0%annually over the last three years. Artisan Partners Asset Management has a dividend payout ratio of 103.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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 Stock Performance

APAM traded down $0.09 during trading on Wednesday, reaching $44.46. The company’s stock had a trading volume of 260,890 shares, compared to its average volume of 485,499. Artisan Partners Asset Management has a 52-week low of $32.75 and a 52-week high of $48.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.02 and a current ratio of 1.02. The company’s fifty day moving average price is $42.55 and its 200-day moving average price is $44.01. The company has a market capitalization of $3.59 billion, a price-to-earnings ratio of 12.10 and a beta of 1.76.

Artisan Partners Asset Management (NYSE:APAM) last announced its quarterly earnings results on Tuesday, February 3rd. The asset manager reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.15. Artisan Partners Asset Management had a return on equity of 72.15% and a net margin of 22.90%.The business had revenue of $335.50 million during the quarter, compared to analysts’ expectations of $322.13 million. During the same quarter last year, the business posted $1.05 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. On average, equities analysts forecast that Artisan Partners Asset Management will post 3.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Artisan Partners Asset Management during the 3rd quarter worth $27,000. Chilton Capital Management LLC bought a new stake in shares of Artisan Partners Asset Management in the third quarter valued at about $28,000. Community Bank N.A. acquired a new position in shares of Artisan Partners Asset Management in the third quarter valued at $33,000. Eagle Bay Advisors LLC acquired a new stake in shares of Artisan Partners Asset Management during the 4th quarter valued at about $32,000. Finally, IFP Advisors Inc boosted its holdings in Artisan Partners Asset Management by 45.8% during the third quarter. IFP Advisors Inc now owns 955 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 300 shares in the last quarter. 86.45% of the stock is owned by hedge funds and other institutional investors.

About Artisan Partners Asset Management

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.