Jefferies analyst Daniel Fannon maintained a Hold rating on Artisan Partners (APAM – Research Report) on July 11 and set a price target of $35.00. The company’s shares closed last Thursday at $35.03, close to its 52-week low of $32.07.
According to TipRanks.com, Fannon is a 5-star analyst with an average return of 8.7% and a 62.4% success rate. Fannon covers the Financial sector, focusing on stocks such as Intercontinental Exchange, WisdomTree Investments, and Janus Henderson Group.
Artisan Partners has an analyst consensus of Hold, with a price target consensus of $36.00, implying a 3.7% upside from current levels. In a report issued on June 28, KBW also maintained a Hold rating on the stock with a $38.00 price target.
Based on Artisan Partners’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $282 million and net profit of $65.43 million. In comparison, last year the company earned revenue of $291 million and had a net profit of $77.28 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Artisan Partners Asset Management, Inc. operates as an investment management company, which provides investment strategies to clients globally. It offers investment management services primarily to institutions and through intermediaries that operate with institutional-like decision-making processes and have longer-term investment horizons, by means of separate accounts and mutual funds. The company was founded in 1994 and is headquartered in Milwaukee, WI.
Read More on APAM:
- Nasdaq (NDAQ) Gets a Hold Rating from Jefferies
- Jefferies Thinks Northern’s Stock is Going to Recover
- Jefferies Thinks WisdomTree Investments’ Stock is Going to Recover
- Jefferies Keeps Their Hold Rating on West Pharmaceutical Services (WST)
- Jefferies Reaffirms Their Hold Rating on United Airlines Holdings (UAL)