APAM Stock Summary and Trading Ideas (Artisan Partners Asset Management Class A | NYSE:APAM)

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 December 13, 2024, APAM stock price declined to $46.96 with 247,446 million shares trading.

APAM has a beta of 1.22, meaning it tends to be more sensitive to market movements. APAM has a correlation of 0.27 to the broad based SPY ETF.

APAM has a market cap of $3.29 billion. This is considered a Mid Cap stock.

Last quarter Artisan Partners Asset Management Class A reported $280 million in Revenue and $.92 earnings per share. This fell short of revenue expectation by $-100,000 and exceeded earnings estimates by $.02.

In the last 3 years, APAM traded as high as $49.54 and as low as $25.67.

The top ETF exchange traded funds that APAM belongs to (by Net Assets): IJR, VTI, SCHD, IWM, VB.

APAM has underperformed the market in the last year with a price return of +22.1% while the SPY ETF gained +29.9%. However, in the short term, APAM had mixed performance relative to the market. It has outperformed in the last 3 months, returning +17.1% vs +7.8% return in SPY. But in the last 2 weeks, APAM shares have been beat by the market, returning -3.8% compared to an SPY return of +0.3%.

APAM support price is $47.16 and resistance is $48.32 (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 shares will trade within this expected range on the day.