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Artisan Partners (APAM) Gets a Hold Rating from Jefferies

Jefferies analyst Daniel Fannon maintained a Hold rating on Artisan Partners (APAMResearch 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.

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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.

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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.

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