Acadian Asset Management (NYSE:AAMI) Downgraded by Zacks Research to Hold

Zacks Research downgraded shares of Acadian Asset Management (NYSE:AAMI) from a strong-buy rating to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

Other equities analysts have also recently issued reports about the stock. Evercore set a $84.00 price objective on shares of Acadian Asset Management in a research report on Friday, July 10th. Weiss Ratings raised shares of Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 21st. Royal Bank Of Canada raised their target price on shares of Acadian Asset Management from $72.00 to $80.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Finally, Morgan Stanley set a $81.00 price target on shares of Acadian Asset Management in a research note on Wednesday, July 29th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Acadian Asset Management currently has a consensus rating of “Hold” and an average target price of $81.67.

Acadian Asset Management Trading Up 2.6%

Shares of NYSE AAMI opened at $95.87 on Tuesday. Acadian Asset Management has a 12 month low of $41.47 and a 12 month high of $96.00. The stock has a 50 day moving average of $83.14 and a 200-day moving average of $69.64. The company has a market capitalization of $3.40 billion, a P/E ratio of 33.88 and a beta of 1.30.

Acadian Asset Management (NYSE:AAMI) last posted its earnings results on Thursday, July 30th. The company reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.30. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%.The business had revenue of $183.20 million for the quarter. Analysts predict that Acadian Asset Management will post 5.07 EPS for the current fiscal year.

Acadian Asset Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a $0.10 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.40 annualized dividend and a yield of 0.4%. Acadian Asset Management’s payout ratio is 14.13%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new position in Acadian Asset Management during the 2nd quarter worth $31,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Acadian Asset Management during the second quarter worth $38,000. Transamerica Financial Advisors LLC boosted its position in shares of Acadian Asset Management by 380.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after acquiring an additional 635 shares during the period. Allworth Financial LP bought a new stake in shares of Acadian Asset Management in the second quarter valued at about $49,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Acadian Asset Management in the second quarter valued at about $61,000. 98.69% of the stock is owned by institutional investors and hedge funds.

About Acadian Asset Management

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.