Artisan Partners Asset Management (NYSE:APAM) posted its quarterly earnings data on Tuesday. The asset manager reported $0.66 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.02), Bloomberg Earnings reports. Artisan Partners Asset Management had a net margin of 6.23% and a return on equity of 111.29%. The business had revenue of $210.70 million for the quarter, compared to the consensus estimate of $211.23 million. During the same quarter last year, the business posted $0.53 EPS. The business’s revenue for the quarter was up 16.1% on a year-over-year basis.
Shares of Artisan Partners Asset Management (NYSE APAM) opened at $36.40 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.27. The stock has a market cap of $2,853.45, a P/E ratio of 16.71, a PEG ratio of 0.84 and a beta of 1.73. Artisan Partners Asset Management has a 52-week low of $26.30 and a 52-week high of $41.45.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date is Tuesday, February 13th. Artisan Partners Asset Management’s dividend payout ratio (DPR) is 315.79%.
About Artisan Partners Asset Management
Artisan Partners Asset Management Inc is an investment management company. The Company provides a range of the United States, non-United States and global investment strategies, each of which is managed by one of its investment teams. The Company provides investment management services to separate accounts, mutual funds and other pooled investment vehicles.
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