How Worried Should Investors Be About Artisan Partners Asset Management Inc. (APAM)

Artisan Partners Asset Management Inc. (NYSE:APAM) does about 466.72K shares in volume on a normal day but saw 491424 shares change hands in Friday trading. The company now has a market cap of 2.81B USD. Its current market price is $35.47, marking a decrease of -1.55% compared to the previous close of $36.03. The 52 week high reached by this stock is $40.28 whilst the lowest price level in 52 weeks is $25.42. The script in recent trading has seen the stock touch a high of $36.06 and a low of $35.32.

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Artisan Partners Asset Management Inc. (APAM) has a 20-day trading average at $36.29 and the current price is -11.95% off the 52-week high compared with 39.56% distance from its 52-week low. The 50-day simple moving average of the closing price is $34.10 and its 200-day simple moving average is $33.97. If we look at the stock’s price movements over the week, volatility stands at 2.69%, which increases to 2.79% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 51.20 to suggest the stock is neutral.

6 analysts observing the Artisan Partners Asset Management Inc. (APAM) stock have set the 12-month price targets for the company’s shares at between $29.71 and $40.00. The consensus objective for the share price is $33.92, suggesting that the stock has a potential downside of -4.57% over the period. The median price target is -7.48% away from the current levels at $33.00.

FactSet Research has provided data showing that 6 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 5 have advised that investors hold their positions. The consensus recommendation rating is Hold and Wall Street’s advice is for investors to Moderate Buy the stock.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on October 19, 2022 when Credit Suisse initiated the stock to “Neutral” and issued a price target of $25. Goldman downgraded the stock to “Neutral” from Buy on January 04, 2022 at a price target of $55-$48. Evercore ISI initiated its price target at $48.

The current price level is -1.49%, 5.04%, and 5.44% away from its SMA20, SMA50, and SMA200 respectively, with the APAM price moving above the 50-day SMA on February 17. Artisan Partners Asset Management Inc. (APAM) stock is down -0.50% over the week and 2.31% over the past month. Its price is 20.60% year-to-date and -11.43% over the past year.

The stock last released its quarterly earnings report for quarter ended 12/30/2022, with the company’s earnings per share (EPS) of $0.65 above consensus estimates by $0.03. The company’s next earnings report is expected on 05/02/2023, with forecasts estimating quarterly EPS at $0.58 and $2.63 for whole year. APAM’s earnings per share are forecast to shrink by -15.40% this year and 8.40% over next year. Expected sales for next quarter are $231.85 million, which analysts say will come at $935.66 million for the current fiscal year and next year at $1 billion. In addition, estimates put the company’s current quarterly revenue at an average of $226.67 million.

Its 12-month price target is $33.00. To reach the target analysts have set, the stock logically needs to shrink -4.57 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $29.71, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $40.00.

Outstanding shares total 79.61M with insiders holding 2.97% of the shares and institutional holders owning 84.66% of the company’s common stock. The company has a return on investment of 91.10% and return on equity of 93.80%. The price to earnings ratio (P/E ratio) amounts to 9.66 while the forward price to earnings ratio is 12.21. The beta has a value of 1.81. Price to book ratio is 9.29 and price to sales ratio is 2.49.

According to a U.S. Securities and Exchange Commission filing, Vanguard Total Stock Market Index has added its position in Artisan Partners Asset Management Inc. (APAM) to 1,956,207 shares, mirroring a recent increase by 0.15%. Vanguard Total Stock Market Index added 2908.0 shares of Artisan Partners Asset Management Inc. common stock bringing its total worth to about $72.03 million at the end of recent close, SEC documents show. Vanguard Total Stock Market Index isn’t the only investment manager who changed stakes and is followed by Vanguard Small Cap Index Fund, which added 9112.0 shares to end up with 1,671,410 shares worth $61.54 million.

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