Acadian Asset Management (NYSE:AAMI) Price Target Raised to $54.00 at Morgan Stanley

Acadian Asset Management (NYSE:AAMI) had its target price lifted by research analysts at Morgan Stanley from $50.00 to $54.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would indicate a potential downside of 0.57% from the stock’s previous close.

Several other research analysts have also recently issued reports on AAMI. Royal Bank Of Canada lifted their target price on shares of Acadian Asset Management from $52.00 to $54.00 and gave the stock a “sector perform” rating in a report on Friday, February 6th. Wall Street Zen upgraded shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $53.33.

Acadian Asset Management Price Performance

Shares of NYSE:AAMI opened at $54.31 on Wednesday. Acadian Asset Management has a 1-year low of $22.60 and a 1-year high of $57.03. The business has a fifty day moving average price of $52.91 and a 200-day moving average price of $49.24. The company has a market capitalization of $1.94 billion, a PE ratio of 24.58 and a beta of 1.32.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings results on Friday, February 27th. The company reported $1.32 earnings per share (EPS) for the quarter. Acadian Asset Management had a return on equity of 165.86% and a net margin of 14.19%.The firm had revenue of $169.70 million during the quarter. On average, sell-side analysts anticipate that Acadian Asset Management will post 2.78 earnings per share for the current fiscal year.

Insider Transactions at Acadian Asset Management

In other news, Director Barbara Trebbi sold 9,691 shares of Acadian Asset Management stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $51.22, for a total value of $496,373.02. Following the completion of the sale, the director directly owned 35,771 shares in the company, valued at $1,832,190.62. The trade was a 21.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert J. Chersi sold 28,753 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $51.30, for a total transaction of $1,475,028.90. Following the transaction, the director directly owned 37,384 shares of the company’s stock, valued at $1,917,799.20. The trade was a 43.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 26.00% of the company’s stock.

Institutional Investors Weigh In On Acadian Asset Management

A number of hedge funds have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC purchased a new position in shares of Acadian Asset Management in the 2nd quarter worth $31,000. Transamerica Financial Advisors LLC increased its position in Acadian Asset Management by 380.2% during 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 last quarter. Raymond James Financial Inc. purchased a new stake in Acadian Asset Management during the second quarter valued at $61,000. WealthCollab LLC bought a new position in Acadian Asset Management in the second quarter valued at about $65,000. Finally, Ameritas Investment Partners Inc. purchased a new position in Acadian Asset Management in the second quarter worth about $95,000. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

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.