Artisan Partners Asset Management (NYSE:APAM) announced its quarterly earnings data on Tuesday. The asset manager reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.03, MarketWatch Earnings reports. The firm had revenue of $212.80 million during the quarter, compared to the consensus estimate of $212.17 million. Artisan Partners Asset Management had a return on equity of 181.69% and a net margin of 10.30%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.65 EPS.
Artisan Partners Asset Management stock traded down $0.13 during mid-day trading on Wednesday, hitting $28.40. The company’s stock had a trading volume of 139,971 shares, compared to its average volume of 408,324. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 1.75. Artisan Partners Asset Management has a 52-week low of $27.08 and a 52-week high of $41.45. The company has a market cap of $2.14 billion, a P/E ratio of 11.78, a P/E/G ratio of 0.83 and a beta of 1.73.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 16th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 8.45%. The ex-dividend date is Thursday, November 15th. Artisan Partners Asset Management’s dividend payout ratio is currently 99.59%.
About Artisan Partners Asset Management
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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