RBC Capital Sticks to Their Hold Rating for Acadian Asset Management (AAMI)
RBC Capital analyst Kenneth Lee maintained a Hold rating on Acadian Asset Management on January 21 and set a price target of $52.00. The company’s shares closed yesterday at $54.92.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Lee covers the Financial sector, focusing on stocks such as Ameriprise Financial, Invesco, and Federated Hermes. According to TipRanks, Lee has an average return of 11.2% and a 66.27% success rate on recommended stocks.
In addition to RBC Capital, Acadian Asset Management also received a Hold from TipRanks – PerPlexity’s PerPlexity Asset Management in a report issued yesterday. However, on January 15, TipRanks – Google upgraded Acadian Asset Management (NYSE: AAMI) to a Buy.
Based on Acadian Asset Management’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $144.2 million and a net profit of $15.1 million. In comparison, last year the company earned a revenue of $123.1 million and had a net profit of $16.9 million
