Acadian Asset Management (NYSE:AAMI) Upgraded to “Hold” at Zacks Research

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

AAMI has been the topic of several other reports. Weiss Ratings cut Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Evercore set a $80.00 target price on shares of Acadian Asset Management in a report on Monday, June 8th. Royal Bank Of Canada restated 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. Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Finally, Morgan Stanley lifted their price target on shares of Acadian Asset Management from $60.00 to $78.00 and gave the stock an “equal weight” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $74.67.

Acadian Asset Management Stock Up 0.6%

Acadian Asset Management stock opened at $71.62 on Monday. The stock 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 12-month low of $34.93 and a 12-month 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. The company had revenue of $165.00 million for the quarter. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. As a group, analysts expect that Acadian Asset Management will post 5.11 earnings per share for the current year.

Insider Buying and Selling

In other Acadian Asset Management news, CAO Richard Jonathan Hart sold 100,000 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were 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 owned 73,863 shares of the company’s stock, valued at approximately $4,946,605.11. This represents a 57.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 22.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AAMI. EverSource Wealth Advisors LLC bought a new position in Acadian Asset Management during the second quarter worth $31,000. Transamerica Financial Advisors LLC boosted 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. bought a new stake in Acadian Asset Management during the second quarter valued at $61,000. WealthCollab LLC acquired a new stake in Acadian Asset Management during the 2nd quarter worth about $65,000. Finally, Russell Investments Group Ltd. acquired a new stake in Acadian Asset Management during the 2nd quarter worth about $97,000. 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 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.