Artisan Partners Asset Management Inc (NYSE: APAM) is 4.07% higher on its value in year-to-date trading and has touched a low of $37.89 and a high of $49.54 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The APAM stock was last observed hovering at around $44.57 in the last trading session, with the day’s gains setting it 0.23%.
Currently trading at $44.80, the stock is 3.59% and -0.46% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing 0.52% at the moment leaves the stock 3.52% off its SMA200. APAM registered 5.49% gain for a year compared to 6-month gain of 16.67%. The firm has a 50-day simple moving average (SMA 50) of $45.0486 and a 200-day simple moving average (SMA200) of $43.26235.
The stock witnessed a 4.75% loss in the last 1 month and extending the period to 3 months gives it a 0.72%, and is 1.66% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.28% over the week and 2.40% over the month.
Artisan Partners Asset Management Inc (APAM) has around 573 employees, a market worth around $3.60B and $1.19B in sales. Current P/E ratio is 12.32 and Fwd P/E is 11.79. Profit margin for the company is 20.47%. Distance from 52-week low is 18.24% and -9.57% from its 52-week high. The company has generated returns on investments over the last 12 months (33.58%).
with sales reaching $281.4M over the same period.The EPS is expected to shrink by -1.20% this year, but quarterly earnings will post 4.17% year-over-year. Quarterly sales are estimated to grow 6.43% in year-over-year returns.
460.0 institutions hold shares in Artisan Partners Asset Management Inc (APAM), with institutional investors hold 93.88% of the company’s shares. The shares outstanding are 70.10M, and float is at 68.39M with Short Float at 4.08%. Institutions hold 91.46% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 10.69 million shares valued at $441.38 million. The investor’s holdings represent 16.6278 of the APAM Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.78 million shares valued at $321.12 million to account for 12.0973 of the shares outstanding. The other top investors are KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC which holds 6.63 million shares representing 10.3031 and valued at over $273.49 million, while STATE STREET CORP holds 4.2121 of the shares totaling 2.71 million with a market value of $111.81 million.
Artisan Partners Asset Management Inc (APAM) Insider Activity
The most recent transaction is an insider sale by Ramirez Gregory K, the company’s Executive Vice President. SEC filings show that Ramirez Gregory K sold 2,500 shares of the company’s common stock on Feb 08 ’24 at a price of $42.28 per share for a total of $0.11 million. Following the sale, the insider now owns 83335.0 shares.
