As of Friday close, Artisan Partners Asset Management Inc.’s (NYSE:APAM) stock was up $0.31, moving up 0.85 percent to $36.76. The average number of shares traded per day over the past five days has been 492,340 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.40 fall in that time frame. In the last twenty days, the average volume was 665,115, while in the previous 50 days, it was 1,054,892.
Since last month, APAM stock retreated -13.36%. Shares of the company fell to $35.85 on 08/18/23, the lowest level in the past month. A 52-week high of $42.97 was reached on 07/18/23 after having rallying from a 52-week low of $25.42. Since the beginning of this year, APAM’s stock price has risen by 24.99% or $7.06, and marked a new high 21 times. However, the stock has declined by -14.45% since its 52-week high.
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APAM stock investors should be aware that Artisan Partners Asset Management Inc. (APAM) stock had its last reported insider trading activity 185 days ago on Feb 15. Sellers Samuel Bentson, the Executive Vice President of the company, disposed of 9,790 shares for $36.11 on Feb 15. It resulted in a $353,549 divestment by the insider.
Valuation Metrics
Right now, Artisan Partners Asset Management Inc. (APAM) has a P/E ratio of about 12.58. The stock’s beta is 1.87. Besides these, the trailing price-to-sales (P/S) ratio of 3.13, the price-to-book (PB) ratio of 8.32, and the price-to-cash flow ratio of 11.17 may also be considered.
The latest dividend of $0.61 per share was paid out, which is 22.0% more than last year’s $0.50. On Tuesday August 1 2023, a $0.11 dividend increase was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.71, and the total debt-to-equity ratio was 0.71. In the year ended June 29, operating margins totaled 31.30%. Based on annual data, APAM earned $458.29 million in gross profit and brought in $993.28 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 60.80%. Return on equity (ROE) for the past 12 months was 71.10%.
In Artisan Partners Asset Management Inc.’s quarter-end financial report for June 29, it reported total debt of $199.13 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. APAM’s revenue fell -3.5% to $234.51 million during the quarter, while net income inched up to $242.9 million. While analysts expected Artisan Partners Asset Management Inc. to report $0.73 quarterly earnings, the actual figure was $0.71 per share, beating the consensus estimate by -2.70%. During the quarter, the company generated $79.12 million in EBITDA. The liabilities of Artisan Partners Asset Management Inc. were 1.1 billion at the end of its most recent quarter ended June 29, and its total debt was $313.32 million. The value of shareholders’ equity is $79.96 million.
Technical Picture
This quick technical analysis looks at Artisan Partners Asset Management Inc.’s (APAM) price momentum. With a historical volatility rate of 36.12%, the RSI 9-day stood at 26.80% on 18 August.
With respect to its five-day moving average, the current Artisan Partners Asset Management Inc. price is down by -3.67% percent or -$1.40. At present, APAM shares trade -12.99% below its 20-day simple moving average and +19.08% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.11% above its SMA50 and +28.94% above its SMA200.
Stochastic coefficient K was 6.03% and Stochastic coefficient D was 4.35%, while ATR was 0.91. Given the Stochastic reading of 15.91% for the 14-day period, the RSI (14) reading has been calculated as 33.32%. As of today, the MACD Oscillator reading stands at -1.02, while the 14-day reading stands at -1.58.
Analyst Ratings
Artisan Partners Asset Management Inc. downgraded its rating on Artisan Partners Asset Management Inc. (NYSE: APAM) to a Sell in a note to investors on March 07, 2023. The analysts firm previously had a Neutral rating on the stock.Artisan Partners Asset Management Inc. (APAM) has been rated Hold by analysts. According to 1 brokerage firm, APAM is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Artisan Partners Asset Management Inc. stock as buy, with 1 recommending it as overweight.
With a median target price of $37.50, the current consensus forecast for the stock is $32.25 – $45.00. Based on these forecasts, analysts predict Artisan Partners Asset Management Inc. (APAM) will achieve an average price target of $38.06.
