Acadian Asset Management (NYSE:AAMI) Stock Rating Upgraded by Zacks Research

Acadian Asset Management (NYSE:AAMI) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other analysts have also issued reports about the stock. Evercore set a $80.00 price target on shares of Acadian Asset Management in a research report on Monday, June 8th. Weiss Ratings lowered shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $66.00 target price on shares of Acadian Asset Management in a report on Wednesday, May 20th. Wall Street Zen upgraded shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Finally, Morgan Stanley lifted their price target on Acadian Asset Management from $60.00 to $78.00 and gave the stock an “equal weight” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Acadian Asset Management currently has an average rating of “Hold” and a consensus price target of $74.67.

Acadian Asset Management Stock Up 0.6%

NYSE:AAMI opened at $71.62 on Monday. Acadian Asset Management has a twelve month low of $34.93 and a twelve month high of $85.73. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 30.48 and a beta of 1.32. The stock’s 50 day moving average price is $71.99 and its two-hundred day moving average price is $59.68.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings data on Thursday, April 30th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.94 by $0.11. Acadian Asset Management had a return on equity of 185.73% and a net margin of 13.78%.The company had revenue of $165.00 million during the quarter. As a group, analysts anticipate that Acadian Asset Management will post 5.11 earnings per share for the current year.

Insider Buying and Selling at Acadian Asset Management

In other news, CAO Richard Jonathan Hart sold 100,000 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $66.97, for a total value of $6,697,000.00. Following the transaction, the chief accounting officer directly owned 73,863 shares of the company’s stock, valued at $4,946,605.11. This represents a 57.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 22.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Acadian Asset Management

Several hedge funds have recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. bought a new stake in shares of Acadian Asset Management during the third quarter worth approximately $20,059,000. GW&K Investment Management LLC bought a new position in shares of Acadian Asset Management during the third quarter worth approximately $18,479,000. SG Americas Securities LLC lifted its holdings in Acadian Asset Management by 1,414.9% during the 4th quarter. SG Americas Securities LLC now owns 359,613 shares of the company’s stock worth $16,902,000 after purchasing an additional 335,874 shares during the last quarter. Boston Trust Walden Corp bought a new stake in Acadian Asset Management in the 1st quarter valued at $15,325,000. Finally, Soros Fund Management LLC grew its holdings in Acadian Asset Management by 61.3% in the 4th quarter. Soros Fund Management LLC now owns 737,367 shares of the company’s stock valued at $34,656,000 after buying an additional 280,239 shares in the last quarter. 98.69% of the stock is currently owned by institutional investors and hedge funds.

Acadian Asset Management Company Profile

Acadian Asset Management is a global investment management firm specializing in quantitative research and systematic strategies. Since its founding in 1986, the firm has developed data-driven models designed to identify and capture investment opportunities across equity and fixed income markets. By integrating advanced analytics, proprietary risk management tools and a disciplined investment process, Acadian seeks to deliver consistent performance for institutional clients.

The firm’s core offerings include institutional equity portfolios, fixed income strategies and multi-asset solutions.