In a report released yesterday, Surinder Thind from Jefferies maintained a Hold rating on Artisan Partners (NYSE: APAM), with a price target of $28. The company’s shares closed yesterday at $29.20.
According to TipRanks.com, Thind is a 3-star analyst with an average return of 2.2% and a 53.7% success rate. Thind covers the Financial sector, focusing on stocks such as Virtus Investment Partners, WisdomTree Investments, and Federated Investors.
Artisan Partners has an analyst consensus of Hold.
Based on Artisan Partners’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $184 million and quarterly net profit of $15.68 million. In comparison, last year the company earned revenue of $192 million and had a net profit of $17.55 million.
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is neutral on the stock. Earlier this month, Stephanie Dimarco, a Director at APAM bought 1,078 shares for a total of $41,977.
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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