Acadian Asset Management (AAMI) Receives a Hold from Evercore ISI
In a report released today, Glenn Schorr from Evercore ISI reiterated a Hold rating on Acadian Asset Management, with a price target of $52.00.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
According to TipRanks, Schorr is a 5-star analyst with an average return of 10.2% and a 63.53% success rate. Schorr covers the Financial sector, focusing on stocks such as Invesco, Bank of America, and BlackRock.
Currently, the analyst consensus on Acadian Asset Management is a Hold with an average price target of $48.00.
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.
Read More on AAMI:
Disclaimer & DisclosureReport an Issue
- Brightsphere’s Earnings Call: Record AUM Amid Challenges
- Acadian Asset Management price target raised to $55 from $48 at Evercore ISI
- Acadian Asset Management Reports Record AUM and Growth
- Acadian Asset Management Secures New Credit Agreements
- Acadian Asset Management price target raised to $43 from $40 at Morgan Stanley
