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After finishing at $42.20 in the prior trading day, Artisan Partners Asset Management Inc (NYSE: APAM) closed at $41.04, down -2.75%. In other words, the price has decreased by -$2.75 from its previous closing price. On the day, 0.58 million shares were traded. APAM stock price reached its highest trading level at $41.46 during the session, while it also had its lowest trading level at $40.33.
Ratios:
Our goal is to gain a better understanding of APAM by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.67. In the meantime, Its Debt-to-Equity ratio is 0.87 whereas as Long-Term Debt/Eq ratio is at 0.87.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, TD Cowen on January 04, 2024, initiated with a Market Perform rating and assigned the stock a target price of $41.
On March 07, 2023, Goldman Downgraded its rating to Sell which previously was Neutral and also lowered its target price recommendation from $33 to $27.
On October 19, 2022, Credit Suisse started tracking the stock assigning a Neutral rating and target price of $25.Credit Suisse initiated its Neutral rating on October 19, 2022, with a $25 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 08 ’24 when Ramirez Gregory K sold 2,500 shares for $42.28 per share. The transaction valued at 105,712 led to the insider holds 83,335 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, APAM now has a Market Capitalization of 2949778688 and an Enterprise Value of 3256795904. As of this moment, Artisan’s Price-to-Earnings (P/E) ratio for their current fiscal year is 12.76, and their Forward P/E ratio for the next fiscal year is 11.39. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.55. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.58 while its Price-to-Book (P/B) ratio in mrq is 8.68. Its current Enterprise Value per Revenue stands at 3.24 whereas that against EBITDA is 10.099.
Stock Price History:
Over the past 52 weeks, APAM has reached a high of $46.75, while it has fallen to a 52-week low of $31.02. The 50-Day Moving Average of the stock is -5.87%, while the 200-Day Moving Average is calculated to be 2.77%.
Shares Statistics:
The stock has traded on average 478.13K shares per day over the past 3-months and 457290 shares per day over the last 10 days, according to various share statistics. A total of 68.55M shares are outstanding, with a floating share count of 67.17M. Insiders hold about 2.65% of the company’s shares, while institutions hold 88.80% stake in the company. Shares short for APAM as of 1713139200 were 3113853 with a Short Ratio of 6.51, compared to 1710460800 on 3056868. Therefore, it implies a Short% of Shares Outstanding of 3113853 and a Short% of Float of 4.99.
Dividends & Splits
In the trailing 12 months, APAM’s forward annual dividend rate was 2.55, compared to 2.44 this year. Against a Trailing Annual Dividend Yield of 0.060426537The stock’s 5-year Average Dividend Yield is 7.83.
