Artisan Partners Asset Management Q1 2024 Earnings Preview
Seeking Alpha News (Mon, 22-Apr 5:35 PM ET)
Notable earnings after Tuesday's close
Seeking Alpha News (Mon, 22-Apr 5:35 PM ET)
TipRanks (Thu, 18-Apr 6:40 AM ET)
Artisan Partners Asset Management Inc. to Announce 1Q24 Results on April 23, 2024
Globe Newswire (Tue, 9-Apr 4:20 PM ET)
Artisan Partners Asset Management Inc. Reports March 2024 Assets Under Management
Globe Newswire (Tue, 9-Apr 4:16 PM ET)
Artisan Partners Asset Management Inc. Reports February 2024 Assets Under Management
Globe Newswire (Mon, 11-Mar 4:16 PM ET)
Artisan Partners Asset Management Inc. Reports January 2024 Assets Under Management
Globe Newswire (Fri, 9-Feb 4:17 PM ET)
Globe Newswire (Tue, 30-Jan 4:17 PM ET)
Artisan Partners Asset Management Inc is a global investment management firm providing a range of investment strategies to a diverse group of clients around the world. Each of the company's strategies is managed by one of its several investment teams. Investment management services are primarily offered to institutions through separate accounts and mutual funds. Artisan's investment offerings include several long-only, equity investment strategies across a multitude of market capitalization segments and investing styles in both the United States and international markets. In addition to its equity strategies, customers may invest in a fixed-income strategy. Strategies are often distributed to customers ranging from retail investors to institutional investors through specialized channels.
Artisan Partners Asset Management Class A trades on the NYSE stock market under the symbol APAM.
As of April 23, 2024, APAM stock price climbed to $43.45 with 238,591 million shares trading.
APAM has a beta of 1.90, meaning it tends to be more sensitive to market movements. APAM has a correlation of 0.51 to the broad based SPY ETF.
APAM has a market cap of $3.00 billion. This is considered a Mid Cap stock.
Last quarter Artisan Partners Asset Management Class A reported $249 million in Revenue and $.78 earnings per share. This fell short of revenue expectation by $-600,000 and exceeded earnings estimates by $.04.
In the last 3 years, APAM stock traded as high as $57.21 and as low as $25.67.
The top ETF exchange traded funds that APAM belongs to (by Net Assets): IJR, VTI, VB, SCHD, IWM.
APAM has outperformed the market in the last year with a return of +31.0%, while the SPY ETF gained +24.2%. However, in the most recent history, APAM shares have underperformed the stock market with its stock returning +4.4% in the last 3 month period and -6.0% for the last 2 week period, while SPY has returned +4.9% and -2.6%, respectively.
APAM support price is $41.88 and resistance is $43.23 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that APAM stock will trade within this expected range on the day.