Acadian Asset Management (NYSE:AAMI) Share Price Crosses Above Fifty Day Moving Average – What’s Next?

Acadian Asset Management Inc. (NYSE:AAMI) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $92.64 and traded as high as $96.41. Acadian Asset Management shares last traded at $93.7530, with a volume of 252,252 shares traded.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AAMI. Morgan Stanley boosted their target price on shares of Acadian Asset Management from $81.00 to $95.00 and gave the stock an “equal weight” rating in a report on Friday, September 25th. Weiss Ratings raised Acadian Asset Management from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. Evercore set a $102.00 price target on shares of Acadian Asset Management in a report on Friday, October 9th. Royal Bank Of Canada upped their price objective on Acadian Asset Management from $80.00 to $85.00 and gave the stock a “sector perform” rating in a research note on Friday, October 9th. Finally, Zacks Research lowered shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $94.00.

Acadian Asset Management Price Performance

The firm has a fifty day simple moving average of $92.64 and a 200 day simple moving average of $72.88. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 33.13 and a beta of 1.31.

Acadian Asset Management (NYSE:AAMI) last announced its earnings results on Thursday, July 30th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.30. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%. The business had revenue of $183.20 million during the quarter. Research analysts predict that Acadian Asset Management Inc. will post 5.51 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio purchased a new stake in shares of Acadian Asset Management in the second quarter valued at about $38,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Acadian Asset Management in the 2nd quarter valued at $40,000. Allworth Financial LP acquired a new stake in shares of Acadian Asset Management during the second quarter worth about $49,000. Quantbot Technologies LP acquired a new stake in Acadian Asset Management during the 2nd quarter worth approximately $67,000. Finally, Farther Finance Advisors LLC boosted its holdings in Acadian Asset Management by 17.4% in the third quarter. Farther Finance Advisors LLC now owns 754 shares of the company’s stock valued at $69,000 after purchasing an additional 112 shares during the period. Institutional investors and hedge funds own 98.69% of the company’s stock.

Acadian Asset Management Company Profile

Acadian Asset Management Inc (NYSE:AAMI) is a global investment management firm specializing in systematic, research-driven investment strategies. The company uses quantitative analysis, data science and technology to evaluate investment opportunities and manage portfolios across global markets.

Its offerings include strategies in global and international equities, emerging markets, fixed income, multi-asset investing and alternative investments. Acadian also provides customized portfolio solutions and related investment management services for institutional clients, including pension plans, endowments, foundations, insurers, sovereign investors and wealth management organizations.

Founded in 1986, Acadian is headquartered in Boston and serves clients internationally through offices and operations in major financial centers, including London, Singapore and Sydney.