Acadian Asset Management (AAMI) Receives a Hold from Evercore ISI

Evercore ISI analyst Glenn Schorr maintained a Hold rating on Acadian Asset Management today and set a price target of $52.00.

TipRanks Cyber Monday Sale

• Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
• Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off

According to TipRanks, Schorr is a 5-star analyst with an average return of 9.4% and a 60.74% success rate. Schorr covers the Financial sector, focusing on stocks such as Citigroup, Franklin Resources, and Invesco.

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 8 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.