Acadian Asset Management (NYSE:AAMI) Upgraded at Zacks Research

Acadian Asset Management (NYSE:AAMI) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other brokerages have also issued reports on AAMI. Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Evercore set a $80.00 target price on Acadian Asset Management in a research report on Monday, June 8th. Weiss Ratings cut Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $66.00 price target on shares of Acadian Asset Management in a research report on Wednesday, May 20th. Finally, Morgan Stanley boosted their price target on shares of Acadian Asset Management from $60.00 to $78.00 and gave the company an “equal weight” rating in a research note on Friday, June 26th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Acadian Asset Management presently has a consensus rating of “Hold” and an average target price of $74.67.

Acadian Asset Management Stock Performance

Shares of AAMI opened at $71.62 on Monday. The firm has a market cap of $2.55 billion, a PE ratio of 30.48 and a beta of 1.32. Acadian Asset Management has a 52-week low of $34.93 and a 52-week high of $85.73. The business’s 50 day moving average price is $71.99 and its two-hundred day moving average price is $59.68.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. The business had revenue of $165.00 million during the quarter. Research analysts predict that Acadian Asset Management will post 5.11 EPS for the current fiscal year.

Insider Buying and Selling

In other Acadian Asset Management news, CAO Richard Jonathan Hart sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $66.97, for a total transaction of $6,697,000.00. Following the completion of the sale, the chief accounting officer directly owned 73,863 shares of the company’s stock, valued at approximately $4,946,605.11. The trade was a 57.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 22.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AAMI. Tudor Investment Corp ET AL increased its holdings in Acadian Asset Management by 42.6% during the third quarter. Tudor Investment Corp ET AL now owns 225,579 shares of the company’s stock worth $10,864,000 after buying an additional 67,385 shares during the last quarter. Citigroup Inc. grew its position in shares of Acadian Asset Management by 105.9% during the 3rd quarter. Citigroup Inc. now owns 51,031 shares of the company’s stock valued at $2,458,000 after acquiring an additional 26,252 shares during the period. SG Americas Securities LLC increased its stake in shares of Acadian Asset Management by 1,414.9% during the 4th quarter. SG Americas Securities LLC now owns 359,613 shares of the company’s stock worth $16,902,000 after purchasing an additional 335,874 shares during the last quarter. GW&K Investment Management LLC purchased a new stake in shares of Acadian Asset Management during the 3rd quarter worth approximately $18,479,000. Finally, Strs Ohio bought a new stake in shares of Acadian Asset Management in the 4th quarter worth approximately $738,000. Hedge funds and other 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.