For its second fiscal quarter (ending June 30), Artisan Partners Asset Managemen (NYSE: APAM) has reported a 5% increase in E.P.S. from $0.76 a year ago to $0.80 in the current quarter. However, this result fell short of the consensus estimate of $0.86 by $-0.05. For the latest four quarters through June 30, E.P.S. were $3.34 versus $2.91 for the same period a year ago — an increase of 15%.
Recent Price Action
Artisan Partners Asset Managemen (NYSE: APAM) stock declined slightly by -0.6% on 7/23/24. The stock closed at $42.60. Trading volume in this decline was normal. The stock has performed in line with the market over the last nine months and has risen 0.9% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, APAM is expected to continue to be a major Value Builder.
Artisan Partners Asset Managemen has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Artisan Partners Asset Managemen has a poor Appreciation Score of 30 but a good Power Rating of 73, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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