Artisan Partners (APAM) Gets a Buy from RBC Capital
RBC Capital analyst Kenneth Lee maintained a Buy rating on Artisan Partners yesterday and set a price target of $43.00. The company’s shares closed yesterday at $36.63.
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Lee covers the Financial sector, focusing on stocks such as Artisan Partners, OneMain Holdings, and FS KKR Capital. According to TipRanks, Lee has an average return of 6.8% and a 59.56% success rate on recommended stocks.
In addition to RBC Capital, Artisan Partners also received a Buy from Jefferies’s Tommaso Castello in a report issued on April 15. However, on April 28, TD Cowen maintained a Hold rating on Artisan Partners (NYSE: APAM).
Based on Artisan Partners’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $350.7 million and a net profit of $94.8 million. In comparison, last year the company earned a revenue of $297.05 million and had a net profit of $69.7 million
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