Morgan Stanley Keeps Their Hold Rating on Acadian Asset Management (AAMI)
In a report released today, Michael Cyprys from Morgan Stanley maintained a Hold rating on Acadian Asset Management, with a price target of $43.00. The company’s shares closed last Friday at $46.24.
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According to TipRanks, Cyprys is a 4-star analyst with an average return of 3.9% and a 51.81% success rate. Cyprys covers the Financial sector, focusing on stocks such as Charles Schwab, Robinhood, and Marketaxess Holdings.
The word on The Street in general, suggests a Hold analyst consensus rating for Acadian Asset Management with a $43.25 average price target.
AAMI market cap is currently $1.66B and has a P/E ratio of 19.30.
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AAMI in relation to earlier this year.
Read More on AAMI:
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- Acadian Asset Management price target raised to $43 from $40 at Morgan Stanley
- Acadian Asset Management chairman reaffirms commitment as long-term shareholder
- Acadian Asset Management price target raised to $48 from $43 at Evercore ISI
- Acadian Asset Management 1.207M share Block Trade priced at $48.15
- Acadian Asset Management 1.207M share Block Trade; price range $48.15-$50.19
