Artisan Partners Asset Management Inc.’s filing revealed that its Executive Vice President Sellers Samuel Bentson unloaded Company’s shares for reported $0.35 million on Feb 15. In the deal valued at $36.11 per share,9,790 shares were sold. As a result of this transaction, Sellers Samuel Bentson now holds 15,568 shares worth roughly $ 0.49 million.
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Goldman downgraded its Artisan Partners Asset Management Inc. [APAM] rating to a Sell from a a Neutral in a research note published on Tuesday, March 07, 2023; the price target was decreased to $27 from $33. PT values the company’s stock at a premium of -16.63 to its Tuesday closing price. A number of analysts have revised their coverage, including Credit Suisse’s analysts, who began to cover the stock in mid October with a ‘”a Neutral”‘ rating. Goldman also remained covering APAM and has decreased its forecast on January 04, 2022 with a “Neutral” recommendation from previously “Buy” rating. Evercore ISI started covering the stock on December 22, 2021. It rated APAM as “an In-line”.
Price Performance Review of APAM
On Tuesday, Artisan Partners Asset Management Inc. [NYSE:APAM] saw its stock fall -3.94% to $31.49. On the same session, the stock had its day’s lowest price of $31.11, but rose to a high of $32.01. Over the last five days, the stock has lost -4.49%. Artisan Partners Asset Management Inc. shares have risen nearly 7.07% since the year began. Nevertheless, the stocks have fallen -13.71% over the past one year. While a 52-week high of $40.28 was reached on 02/02/23, a 52-week low of $25.42 was recorded on 01/03/23. SMA at 50 days reached $34.18, while 200 days put it at $33.89. A total of 0.9 million shares were traded, compared to the trading of 0.33 million shares in the previous session.
Levels Of Support And Resistance For APAM Stock
The 24-hour chart illustrates a support level at 31.06, which if violated will result in even more drops to 30.64. On the upside, there is a resistance level at 31.96. A further resistance level may holdings at 32.44. The Relative Strength Index (RSI) on the 14-day chart is 31.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.12%. Stochastics %K at 16.37% indicates the stock is a buying.
How much short interest is there in Artisan Partners Asset Management Inc.?
A steep rise in short interest was recorded in Artisan Partners Asset Management Inc. stocks on Jan 30, 2023, dropping by 60000.0 shares to a total of 2.56 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 2.62 million shares. There was a decline of -2.34%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.23% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.73.
Artisan Partners Asset Management Inc. [APAM] – Who Are The Largest Shareholders?
In filings from Kayne Anderson Rudnick Investment, it is revealed that the company now owns 6,494,422 shares, or roughly 9.56% of the outstanding APAM shares. In other words, the investor’s shares have fallen by -226,575 from its previous 13-F filing of 6720997.0. Additionally, The Vanguard Group, Inc. increased 2.18% of its stake after which the total value it holdings stand at $236,873,186, while BlackRock Fund Advisors reduced -2.08% of its stake to hold $150.81 million in the firm. Over the last quarter, Clarkston Capital Partners LLC purchased 986,974 shares of Artisan Partners Asset Management Inc., while Macquarie Investment Management B bought -171,919 shares. At present, Fisher Asset Management LLC is holding 1,850,500 shares valued at $68.14 million. Channing Capital Management LLC owned 1,578,450 shares of the company at the time of its most recent 13F filing, worth $58.12 million.
According to FactSet, Artisan Partners Asset Management Inc.’s share price will average $32.95 in the next year, based on opinions of analysts polled by the firm. This is down nearly -2.38 percent from its previous closing price of $32.78. Analysts expect Artisan Partners Asset Management Inc. stock to reach the higher price of $40.00, while the lowest price estimate is $27.00. However, 6 analysts have rated APAM stock as a Hold in their predictions for 2023.