In a report issued on July 20, Kenneth Lee from RBC Capital maintained a Buy rating on Artisan Partners (APAM – Research Report), with a price target of $41.00. The company’s shares closed last Friday at $37.43.
According to TipRanks.com, Lee is a 5-star analyst with an average return of 16.1% and a 55.0% success rate. Lee covers the Financial sector, focusing on stocks such as Sixth Street Specialty Lending, BrightSphere Investment Group, and Victory Capital Holdings.
Currently, the analyst consensus on Artisan Partners is a Hold with an average price target of $35.60.
Artisan Partners’ market cap is currently $2.97B and has a P/E ratio of 7.87.
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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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