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

Acadian Asset Management (NYSE:AAMI) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Several other equities analysts have also weighed in on the stock. Wall Street Zen upgraded shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Evercore set a $84.00 target price on Acadian Asset Management in a research report on Friday, July 10th. Royal Bank Of Canada upped their price target on 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. Morgan Stanley set a $81.00 price target on Acadian Asset Management in a report on Wednesday, July 29th. Finally, Weiss Ratings raised Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $81.67.

Acadian Asset Management Trading Up 2.6%

NYSE AAMI opened at $95.87 on Tuesday. The firm has a market capitalization of $3.40 billion, a PE ratio of 33.88 and a beta of 1.30. The business’s 50-day moving average price is $83.14 and its two-hundred day moving average price is $69.64. Acadian Asset Management has a 12 month low of $41.47 and a 12 month high of $96.00.

Acadian Asset Management (NYSE:AAMI) last announced 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 net margin of 15.17% and a return on equity of 189.32%. The business had revenue of $183.20 million during the quarter. As a group, analysts forecast that Acadian Asset Management will post 5.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Acadian Asset Management

A number of hedge funds have recently modified their holdings of AAMI. Amundi bought a new stake in Acadian Asset Management in the 2nd quarter valued at about $22,694,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Acadian Asset Management during the second quarter worth about $1,266,000. California State Teachers Retirement System increased its stake in shares of Acadian Asset Management by 9,010.0% in the second quarter. California State Teachers Retirement System now owns 2,466,081 shares of the company’s stock worth $176,374,000 after purchasing an additional 2,439,011 shares in the last quarter. Kintra Wealth LLC bought a new stake in shares of Acadian Asset Management in the second quarter valued at approximately $191,000. Finally, HB Wealth Management LLC purchased a new stake in shares of Acadian Asset Management during the 2nd quarter valued at approximately $208,000. Institutional investors own 98.69% of the company’s stock.

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.