RBC Capital Reaffirms Their Hold Rating on Acadian Asset Management (AAMI)

In a report released on October 31, Kenneth Lee from RBC Capital maintained a Hold rating on Acadian Asset Management, with a price target of $49.00. The company’s shares closed yesterday at $46.22.

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Lee covers the Financial sector, focusing on stocks such as Federated Hermes, Ares Management, and OneMain Holdings. According to TipRanks, Lee has an average return of 12.9% and a 64.59% success rate on recommended stocks.

Acadian Asset Management has an analyst consensus of Hold, with a price target consensus of $49.00, implying a 6.01% upside from current levels. In a report released on October 31, Evercore ISI also maintained a Hold rating on the stock with a $55.00 price target.

Based on Acadian Asset Management’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $127.4 million and a net profit of $10.1 million. In comparison, last year the company earned a revenue of $109 million and had a net profit of $11 million

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.