Thu Sep 19 08:06:35 UTC 2024: ## Artisan Partners Asset Management Sees Short Interest Decline, Announces Dividend Increase

**New York, NY – September 19, 2024** – Artisan Partners Asset Management Inc. (NYSE: APAM) experienced a decrease in short interest during August, with the total dropping by 6.9% to 2,840,000 shares as of August 31st. This suggests a potential shift in sentiment among investors, who may be anticipating a positive future for the company.

The asset manager also announced an increase in its quarterly dividend, raising it from $0.61 to $0.71, payable on August 30th. This translates to an annualized dividend of $2.84, representing a 6.73% yield.

While research firms have varying opinions on APAM, with StockNews.com downgrading it to a “hold” rating, Royal Bank of Canada maintaining an “outperform” rating, and TD Cowen raising its price target to $39.00, the company’s recent performance has been mixed.

Despite missing analysts’ earnings estimates for the quarter ending July 23rd, APAM reported a 11.5% increase in revenue year-over-year. The company currently has a market cap of $3.39 billion and a PE ratio of 13.05.

Investors will continue to monitor APAM’s performance closely, especially in light of the recent dividend increase and the fluctuating sentiment among analysts. The company’s future success will likely depend on its ability to deliver strong financial results and maintain investor confidence.

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