Artisan Partners Asset Management Inc (NYSE: APAM) on Friday, plunged -4.13% from the previous trading day, before settling in for the closing price of $42.36. Within the past 52 weeks, APAM’s price has moved between $31.86 and $46.75.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Financial sector was 6.49%. The company achieved an average annual earnings per share of 15.66%. With a float of $68.07 million, this company’s outstanding shares have now reached $68.55 million.
Considering the fact that the conglomerate employs 573 people, you should pay attention to its efficiency factor.
Artisan Partners Asset Management Inc (APAM) Insider Activity
Observing investor behavior towards Asset Management industry stocks is more important than anything else. The insider ownership of Artisan Partners Asset Management Inc is 2.62%, while institutional ownership is 89.29%. The most recent insider transaction that took place on Feb 08 ’24, was worth 105,712. In this transaction Executive Vice President of this company sold 2,500 shares at a rate of $42.28, taking the stock ownership to the 83,335 shares.
Artisan Partners Asset Management Inc (APAM) Earnings and Forecasts
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.75 earnings per share (EPS) for the period topping the consensus outlook (set at 0.74) by 0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.91 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 15.66% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 23.00% during the next five years compared to 2.33% growth over the previous five years of trading.
Artisan Partners Asset Management Inc (NYSE: APAM) Trading Performance Indicators
Artisan Partners Asset Management Inc (APAM) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.54. Likewise, its price to free cash flow for the trailing twelve months is 8.45.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.25, a number that is poised to hit 0.87 in the next quarter and is forecasted to reach 3.59 in one year’s time.
Technical Analysis of Artisan Partners Asset Management Inc (APAM)
Compared to the last year’s volume of 0.46 million, its volume of 0.47 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 42.28%. Additionally, its Average True Range was 1.37.
During the past 100 days, Artisan Partners Asset Management Inc’s (APAM) raw stochastic average was set at 24.94%, which indicates a significant increase from 11.22% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.81% in the past 14 days, which was higher than the 28.27% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $42.05, while its 200-day Moving Average is $41.62. Nevertheless, the first resistance level for the watch stands at $41.37 in the near term. At $42.14, the stock is likely to face the second major resistance level. The third major resistance level sits at $42.79. If the price goes on to break the first support level at $39.96, it is likely to go to the next support level at $39.31. Should the price break the second support level, the third support level stands at $38.54.
Artisan Partners Asset Management Inc (NYSE: APAM) Key Stats
Market capitalization of the company is 2.84 billion based on 80,375K outstanding shares. Right now, sales total 975,130 K and income totals 222,290 K. The company made 270,820 K in profit during its latest quarter, and 57,570 K in sales during its previous quarter.
