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RBC Capital Sticks to Their Hold Rating for Acadian Asset Management (AAMI)

Tipranks - Fri Jan 23, 8:00PM CST

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.

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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

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