The Potential Rise in the Price of Artisan Partners Asset Management Inc. (APAM) following insiders activity


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.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".


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.


Please enter your comment!
Please enter your name here