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

Wall Street Zen upgraded shares of Acadian Asset Management (NYSE:AAMI) from a hold rating to a buy rating in a research report released on Saturday.

AAMI has been the subject of several other reports. Morgan Stanley boosted their target price on Acadian Asset Management from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 3rd. Evercore set a $52.00 price target on Acadian Asset Management in a research report on Thursday, November 6th. Weiss Ratings restated a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Finally, Royal Bank Of Canada raised their target price on shares of Acadian Asset Management from $52.00 to $54.00 and gave the company a “sector perform” rating in a research note on Friday. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $52.00.

Acadian Asset Management Trading Up 1.4%

Acadian Asset Management stock opened at $51.70 on Friday. Acadian Asset Management has a 1-year low of $22.60 and a 1-year high of $56.46. The firm has a market capitalization of $1.85 billion, a PE ratio of 23.39 and a beta of 1.30. The firm’s 50 day simple moving average is $50.30 and its 200 day simple moving average is $47.62.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings results on Thursday, February 5th. The company reported $1.32 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.06). The firm had revenue of $169.70 million during the quarter. Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. Research analysts forecast that Acadian Asset Management will post 2.78 earnings per share for the current year.

Acadian Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.8%. This is a boost from Acadian Asset Management’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Friday, March 13th. Acadian Asset Management’s payout ratio is 1.81%.

Institutional Investors Weigh In On Acadian Asset Management

A number of institutional investors have recently made changes to their positions in the business. Illinois Municipal Retirement Fund raised its position in Acadian Asset Management by 5.4% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 15,435 shares of the company’s stock worth $743,000 after purchasing an additional 794 shares during the period. EverSource Wealth Advisors LLC purchased a new position in shares of Acadian Asset Management in the second quarter worth about $31,000. Lido Advisors LLC lifted its stake in shares of Acadian Asset Management by 12.8% in the 3rd quarter. Lido Advisors LLC now owns 8,624 shares of the company’s stock valued at $415,000 after acquiring an additional 976 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in Acadian Asset Management by 3.5% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 30,077 shares of the company’s stock valued at $1,414,000 after acquiring an additional 1,011 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in Acadian Asset Management by 2.3% during the 4th quarter. Teacher Retirement System of Texas now owns 62,439 shares of the company’s stock valued at $2,935,000 after acquiring an additional 1,396 shares during the period. 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.