Artisan Partners Asset Management (NYSE:APAM – Get Free Report) released its quarterly earnings data on Tuesday. The asset manager reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.05), Briefing.com reports. Artisan Partners Asset Management had a return on equity of 73.28% and a net margin of 22.75%. The firm had revenue of $270.80 million for the quarter, compared to the consensus estimate of $274.70 million. During the same period in the previous year, the business earned $0.71 EPS. The firm’s revenue was up 11.5% compared to the same quarter last year.
Artisan Partners Asset Management Stock Up 4.1 %
APAM traded up $1.69 during trading on Thursday, reaching $43.12. The company had a trading volume of 112,705 shares, compared to its average volume of 459,383. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.64 and a quick ratio of 0.64. Artisan Partners Asset Management has a 12 month low of $32.12 and a 12 month high of $46.75. The business’s fifty day moving average price is $42.19 and its 200 day moving average price is $42.84. The company has a market cap of $3.47 billion, a P/E ratio of 12.99 and a beta of 1.81.
Artisan Partners Asset Management Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be paid a $0.71 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $2.84 dividend on an annualized basis and a yield of 6.59%. This is a positive change from Artisan Partners Asset Management’s previous quarterly dividend of $0.61. Artisan Partners Asset Management’s payout ratio is presently 74.39%.
Analysts Set New Price Targets
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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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