Acadian Asset Management (NYSE:AAMI) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen cut shares of Acadian Asset Management (NYSE:AAMI) from a buy rating to a hold rating in a research report report published on Saturday morning.

A number of other analysts have also weighed in on AAMI. Evercore ISI set a $52.00 target price on shares of Acadian Asset Management in a research report on Thursday. Zacks Research cut Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Royal Bank Of Canada raised their price objective on Acadian Asset Management from $34.00 to $42.00 and gave the company a “sector perform” rating in a report on Friday, August 1st. Morgan Stanley reaffirmed a “positive” rating on shares of Acadian Asset Management in a report on Monday, October 6th. Finally, Weiss Ratings lowered Acadian Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $45.67.

Acadian Asset Management Stock Up 1.7%

Shares of AAMI opened at $44.44 on Friday. Acadian Asset Management has a twelve month low of $22.60 and a twelve month high of $54.99. The stock has a market capitalization of $1.59 billion, a P/E ratio of 18.75 and a beta of 1.42. The company has a 50 day moving average of $47.14 and a 200-day moving average of $40.00.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.03. Acadian Asset Management had a net margin of 15.70% and a return on equity of 126.50%. On average, sell-side analysts anticipate that Acadian Asset Management will post 2.78 earnings per share for the current fiscal year.

Acadian Asset Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Friday, December 12th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. Acadian Asset Management’s dividend payout ratio is presently 1.69%.

Hedge Funds Weigh In On Acadian Asset Management

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Paulson & CO. Inc. bought a new stake in Acadian Asset Management in the second quarter valued at approximately $315,402,000. Jennison Associates LLC bought a new stake in shares of Acadian Asset Management in the 2nd quarter valued at $73,690,000. Impax Asset Management Group plc acquired a new stake in shares of Acadian Asset Management during the second quarter worth $35,240,000. William Blair Investment Management LLC bought a new position in Acadian Asset Management during the second quarter worth $25,094,000. Finally, Geode Capital Management LLC bought a new position in Acadian Asset Management during the second quarter worth $22,116,000. 98.69% of the stock is owned by institutional investors and hedge funds.

Acadian Asset Management Company Profile

Acadian Asset Management Inc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.