Artisan Partners Asset Management (NYSE:APAM – Get Free Report) issued 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. Artisan Partners Asset Management had a net margin of 22.99% and a return on equity of 72.77%. The firm had revenue of $264.40 million during the quarter, compared to the consensus estimate of $270.90 million. During the same period in the previous year, the company posted $0.64 EPS. The firm’s revenue for the quarter was up 12.8% on a year-over-year basis.
Artisan Partners Asset Management Price Performance
APAM stock opened at $41.02 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.55 and a debt-to-equity ratio of 0.56. Artisan Partners Asset Management has a 12 month low of $31.27 and a 12 month high of $46.75. The firm has a market cap of $3.28 billion, a P/E ratio of 12.51 and a beta of 1.85. The company’s 50-day moving average price is $43.72 and its two-hundred day moving average price is $41.01.
Artisan Partners Asset Management Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 5.95%. The ex-dividend date of this dividend is Thursday, May 16th. Artisan Partners Asset Management’s dividend payout ratio is currently 82.93%.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on Artisan Partners Asset Management
Insider Buying and Selling at Artisan Partners Asset Management
In other Artisan Partners Asset Management 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 directly 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 SEC, which is available through this link. Insiders own 18.50% 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.
Further Reading
- Five stocks we like better than Artisan Partners Asset Management
- There Are Different Types of Stock To Invest In
- Alphabet Changes the Narrative with Its First-Ever Dividend
- Quiet Period Expirations Explained
- 3 High-performing Stocks That Could Rip Once Markets Turn Back Up
- The How and Why of Investing in Biotech Stocks
- Microsoft Fires a Trend Following Signal: Targets Move Higher
Receive News & Ratings for Artisan Partners Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Artisan Partners Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.