Artisan Partners Asset Management Inc [NYSE: APAM] traded at a low on Thursday, posting a -2.39 loss after which it closed the day’ session at $40.05.
The results of the trading session contributed to over 571802 shares changing hands. Over the past one week, the price volatility of Artisan Partners Asset Management Inc stands at 2.74% while the volatility over the past one month is 2.02%.
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The market cap for APAM stock reached $2.80 billion, with 68.55 million shares outstanding and 68.08 million shares in the current float. Compared to the average trading volume of 390.45K shares, APAM reached a trading volume of 571802 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Artisan Partners Asset Management Inc [APAM]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APAM shares is $42.44 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APAM stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
TD Cowen have made an estimate for Artisan Partners Asset Management Inc shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on January 04, 2024. While these analysts kept the previous recommendation, Goldman dropped their target price from $33 to $27. The new note on the price target was released on March 07, 2023, representing the official price target for Artisan Partners Asset Management Inc stock. Previously, the target price had yet another raise to $25, while Credit Suisse analysts kept a Neutral rating on APAM stock. On January 04, 2022, analysts decreased their price target for APAM shares from 55 to 48.
The Average True Range (ATR) for Artisan Partners Asset Management Inc is set at 1.06, with the Price to Sales ratio for APAM stock in the period of the last 12 months amounting to 2.55. The Price to Book ratio for the last quarter was 8.74, with the Price to Cash per share for the same quarter was set at 3.27. Price to Free Cash Flow for APAM in the course of the last twelve months was 7.00.
How has APAM stock performed recently?
Artisan Partners Asset Management Inc [APAM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.42. With this latest performance, APAM shares dropped by -12.46% in over the last four-week period, additionally sinking by -0.14% over the last 6 months – not to mention a rise of 6.63% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for APAM stock in for the last two-week period is set at 29.50, with the RSI for the last a single of trading hit 19.93, and the three-weeks RSI is set at 35.50 for Artisan Partners Asset Management Inc [APAM]. The present Moving Average for the last 50 days of trading for this stock 43.52, while it was recorded at 41.73 for the last single week of trading, and 40.87 for the last 200 days.
Earnings analysis for Artisan Partners Asset Management Inc [APAM]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for APAM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Artisan Partners Asset Management Inc go to 23.00%.
Insider trade positions for Artisan Partners Asset Management Inc [APAM]
The top three institutional holders of APAM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in APAM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in APAM stock with ownership which is approximately 5.8386%.
