Acadian Asset Management (NYSE:AAMI) Given New $49.00 Price Target at Morgan Stanley

Acadian Asset Management (NYSE:AAMI) had its price objective hoisted by investment analysts at Morgan Stanley from $46.00 to $49.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 2.22% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Zacks Research downgraded shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Acadian Asset Management in a report on Monday. Wall Street Zen downgraded Acadian Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Finally, Evercore ISI set a $52.00 price objective on Acadian Asset Management in a research report on Thursday, November 6th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Acadian Asset Management currently has a consensus rating of “Hold” and an average price target of $47.67.

Acadian Asset Management Price Performance

NYSE AAMI opened at $47.93 on Wednesday. The company has a fifty day moving average price of $45.78 and a 200-day moving average price of $43.14. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 20.23 and a beta of 1.32. Acadian Asset Management has a 1 year low of $22.60 and a 1 year high of $54.99.

Institutional Trading of Acadian Asset Management

Several hedge funds have recently made changes to their positions in the company. Signaturefd LLC bought a new position in shares of Acadian Asset Management during the 2nd quarter worth $25,000. EverSource Wealth Advisors LLC bought a new position in Acadian Asset Management during the second quarter worth about $31,000. GAMMA Investing LLC purchased a new position in shares of Acadian Asset Management in the second quarter worth about $37,000. Public Employees Retirement System of Ohio purchased a new position in shares of Acadian Asset Management in the second quarter worth about $44,000. Finally, CWM LLC bought a new stake in shares of Acadian Asset Management in the second quarter valued at approximately $55,000. 98.69% of the stock is currently owned by institutional investors.

About Acadian Asset Management

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.