Artisan Partners Asset Managemen (NYSE: APAM) has reported earnings for its third fiscal quarter (ending September 30) of $1.03 versus $0.76 for the same period a year ago — an increase of 36%. For the latest four quarters through September 30, E.P.S. were $3.60 versus $3.03 for the same period a year ago — an increase of 19%.
Recent Price Action
Artisan Partners Asset Managemen (NYSE: APAM) stock closed at $43.56 on 10/29/24 after a decline of -2.1%. Moreover, above average trading volume at 139% of normal accompanied the decline. The stock has declined -4.1% during the last week and has performed in line with the market over the last nine months.
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 (Low Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Artisan Partners Asset Managemen has a slightly negative Appreciation Score of 33 and a neutral Power Rating of 56, leading to the Low 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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