Credit Suisse Reiterates a Hold Rating on Artisan Partners

By Carrie Williams

In a report issued on November 3, Craig Siegenthaler from Credit Suisse reiterated a Hold rating on Artisan Partners (NYSE: APAM), with a price target of $21. The company’s shares closed last Friday at $24.90, close to its 52-week low of $23.65.

According to TipRanks.com, Siegenthaler is a 1-star analyst with an average return of -1.4% and a 47.7% success rate. Siegenthaler covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc., Virtus Investment Partners, and Oaktree Capital Group Llc.

Artisan Partners has an analyst consensus of Hold.

The company has a one year high of $39.80 and a one year low of $23.65. Currently, Artisan Partners has an average volume of 388.8K.

Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is neutral on the stock. Most recently, in January 2016, 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.