Acadian Asset Management (NYSE:AAMI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Acadian Asset Management (NYSE:AAMI) from a buy rating to a strong-buy rating in a research report sent to investors on Sunday morning,Wall Street Zen reports.

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

Acadian Asset Management Trading Down 2.8%

NYSE AAMI opened at $93.47 on Friday. The stock has a market cap of $3.32 billion, a PE ratio of 33.03 and a beta of 1.31. Acadian Asset Management has a twelve month low of $41.47 and a twelve month high of $98.52. The stock has a fifty day simple moving average of $91.79 and a 200-day simple moving average of $77.83.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.30. The firm 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%. Research analysts predict that Acadian Asset Management will post 5.51 EPS for the current year.

Acadian Asset Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, September 11th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Acadian Asset Management’s dividend payout ratio is 14.13%.

Hedge Funds Weigh In On Acadian Asset Management

Several institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new stake in shares of Acadian Asset Management in the second quarter valued at $38,000. Integrated Wealth Concepts LLC purchased a new position in Acadian Asset Management in the second quarter valued at $40,000. Allworth Financial LP acquired a new position in Acadian Asset Management during the 2nd quarter worth $49,000. Quantbot Technologies LP acquired a new position in Acadian Asset Management during the 2nd quarter worth $67,000. Finally, Nykredit A S purchased a new stake in Acadian Asset Management during the 2nd quarter worth about $117,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

Acadian Asset Management Company Profile

Acadian Asset Management is a global investment management firm that uses quantitative and systematic research to design and manage portfolios for institutional and intermediary clients. The company applies data-driven processes, technology and fundamental analysis to identify investment opportunities and manage risk across global markets.

Its offerings include actively managed strategies in global and emerging-market equities, fixed income, multi-asset portfolios and alternative investments.