Acadian Asset Management (NYSE:AAMI) Rating Lowered to “Buy” at Wall Street Zen

Acadian Asset Management (NYSE:AAMI) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Saturday, Wall Street Zen reports.

A number of other analysts have also recently issued reports on AAMI. Zacks Research cut Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Royal Bank Of Canada raised their price target on shares of Acadian Asset Management from $72.00 to $80.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. Morgan Stanley lifted their price target on shares of Acadian Asset Management from $81.00 to $95.00 and gave the company an “equal weight” rating in a research report on Friday. Weiss Ratings upgraded shares of Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Finally, Evercore set a $84.00 price objective on shares of Acadian Asset Management in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $86.33.

Acadian Asset Management Trading Down 0.1%

AAMI stock opened at $93.81 on Friday. The stock has a 50-day moving average price of $90.16 and a two-hundred day moving average price of $75.71. Acadian Asset Management has a 12-month low of $41.47 and a 12-month high of $98.52. The company has a market cap of $3.33 billion, a PE ratio of 33.15 and a beta of 1.30.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.03 by $0.30. The company had revenue of $183.20 million during the quarter. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%. Equities analysts forecast that Acadian Asset Management will post 5.07 EPS for the current fiscal year.

Institutional Investors Weigh In On Acadian Asset Management

Several hedge funds have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Acadian Asset Management by 53.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 103,504 shares of the company’s stock worth $7,403,000 after buying an additional 36,083 shares during the period. Walleye Capital LLC purchased a new position in Acadian Asset Management in the 2nd quarter valued at about $5,906,000. Summit Global Investments acquired a new stake in shares of Acadian Asset Management during the second quarter valued at about $1,209,000. Principal Financial Group Inc. grew its stake in shares of Acadian Asset Management by 13.9% during the first quarter. Principal Financial Group Inc. now owns 204,527 shares of the company’s stock valued at $11,130,000 after acquiring an additional 24,885 shares in the last quarter. Finally, Paulson & CO. Inc. purchased a new stake in shares of Acadian Asset Management during the second quarter worth about $417,912,000. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

Acadian Asset Management Company Profile

Acadian Asset Management Inc is an investment management company that provides systematic, research-driven strategies to institutional and other professional investors. Through its investment management operations, the company uses quantitative models, fundamental research, and technology to analyze global markets and construct portfolios.

Acadian’s offerings include active strategies focused on global, international, emerging-market, and regional equities, as well as alternative and multi-asset solutions.