Artisan Partners Gets a Hold Rating from Jefferies


Jefferies analyst Daniel Fannon reiterated a Hold rating on Artisan Partners (NYSE: APAM) on July 11 and set a price target of $31. The company’s shares opened today at $31.10.

According to TipRanks.com, Fannon is a top 100 analyst with an average return of 15.9% and a 77.2% success rate. Fannon covers the Financial sector, focusing on stocks such as WisdomTree Investments, Gain Capital Holdings, and Federated Investors.

Currently, the analyst consensus on Artisan Partners is a Moderate Buy with an average price target of $35.50, a 14.1% upside from current levels. In a report issued on July 12, KBW also reiterated a Hold rating on the stock with a $32 price target.

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Artisan Partners’ market cap is currently $1.64B and has a P/E ratio of 27.11. The company has a Price to Book ratio of 17.64.

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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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