Artisan Partners Asset Management Inc Declares Quarterly Dividend of $0.43 (APAM)
Artisan Partners Asset Management (NASDAQ:APAM) announced a quarterly dividend on Tuesday, October 22nd, Analyst Ratings Network reports. Stockholders of record on Monday, November 11th will be paid a dividend of $0.43 per share on Tuesday, November 26th. This represents a $1.72 annualized dividend and a dividend yield of 3.03%.
A number of analysts have recently weighed in on APAM shares. Analysts at Jefferies Group initiated coverage on shares of Artisan Partners Asset Management in a research note to investors on Wednesday, October 9th. They set a “buy” rating and a $61.00 price target on the stock. On the ratings front, analysts at Keefe, Bruyette & Woods raised their price target on shares of Artisan Partners Asset Management from $55.00 to $57.00 in a research note to investors on Wednesday, October 9th. They now have a “market perform” rating on the stock. Finally, analysts at Zacks upgraded shares of Artisan Partners Asset Management from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 3rd. They now have a $58.50 price target on the stock. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Artisan Partners Asset Management currently has an average rating of “Hold” and a consensus target price of $55.88.
Shares of Artisan Partners Asset Management (NASDAQ:APAM) traded up 3.65% during mid-day trading on Tuesday, hitting $56.75. The stock had a trading volume of 135,318 shares. Artisan Partners Asset Management has a 52-week low of $35.14 and a 52-week high of $56.07. The stock has a 50-day moving average of $50.57 and a 200-day moving average of $46.48. The company has a market cap of $810.8 million and a price-to-earnings ratio of 49.77.
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