Artisan Partners Asset Management Inc. (NYSE:APAM – Get Free Report) announced a None dividend on Tuesday, January 30th, Zacks reports. Shareholders of record on Thursday, February 15th will be paid a dividend of 1.02 per share by the asset manager on Thursday, February 29th. This represents a yield of 5.5%. The ex-dividend date of this dividend is Wednesday, February 14th. This is an increase from Artisan Partners Asset Management’s previous None dividend of $0.65.
Artisan Partners Asset Management has decreased its dividend payment by an average of 6.1% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Artisan Partners Asset Management has a dividend payout ratio of 77.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Artisan Partners Asset Management to earn $3.44 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 79.1%.
Artisan Partners Asset Management Stock Performance
Shares of NYSE APAM opened at $42.86 on Monday. The company has a market cap of $3.43 billion, a P/E ratio of 13.56 and a beta of 1.88. Artisan Partners Asset Management has a 52-week low of $28.98 and a 52-week high of $45.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.65 and a current ratio of 0.49. The firm’s fifty day moving average is $42.49 and its two-hundred day moving average is $38.84.
Wall Street Analyst Weigh In
APAM has been the topic of several recent research reports. StockNews.com upgraded shares of Artisan Partners Asset Management from a “hold” rating to a “buy” rating in a research report on Thursday, January 4th. TD Cowen started coverage on Artisan Partners Asset Management in a report on Thursday, January 4th. They set a “market perform” rating and a $41.00 price target on the stock. Finally, TheStreet raised shares of Artisan Partners Asset Management from a “c+” rating to a “b-” rating in a research note on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Artisan Partners Asset Management currently has an average rating of “Hold” and a consensus target price of $37.67.
Insiders Place Their Bets
In related news, EVP Gregory K. Ramirez sold 2,500 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $42.28, for a total value of $105,700.00. Following the transaction, the executive vice president now owns 83,335 shares of the company’s stock, valued at approximately $3,523,403.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 18.50% of the company’s stock.
Institutional Investors Weigh In On Artisan Partners Asset Management
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Steward Partners Investment Advisory LLC raised its holdings in shares of Artisan Partners Asset Management by 32.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,267 shares of the asset manager’s stock valued at $216,000 after acquiring an additional 1,761 shares in the last quarter. Principal Financial Group Inc. bought a new stake in Artisan Partners Asset Management during the 1st quarter valued at $214,000. FMR LLC increased its holdings in shares of Artisan Partners Asset Management by 35.2% in the 3rd quarter. FMR LLC now owns 4,250 shares of the asset manager’s stock valued at $159,000 after acquiring an additional 1,107 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Artisan Partners Asset Management by 94.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,289 shares of the asset manager’s stock worth $129,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its stake in shares of Artisan Partners Asset Management by 9.4% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 3,873 shares of the asset manager’s stock worth $115,000 after purchasing an additional 333 shares during the last quarter. 89.45% of the stock is owned by institutional investors.
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.
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