Acadian Asset Management (NYSE:AAMI) Downgraded by Wall Street Zen to "Hold"

Key Points

• Wall Street Zen downgraded Acadian Asset Management (NYSE:AAMI) from a Buy to a Hold; the stock's consensus analyst rating is currently Hold with a $56 consensus price target.
• Shares opened at $62.06 (near a 12‑month high of $62.25) with a $2.22 billion market cap and a P/E of 28.08; the company reported quarterly EPS of $1.32 on $169.7 million in revenue and analysts expect 2.78 EPS for the year.
• Two directors, Robert J. Chersi and Barbara Trebbi, recently sold sizable blocks of shares—reducing their stakes by 43.47% and 21.32% respectively—while insiders still own about 26% of the stock.

Acadian Asset Management (NYSE:AAMI - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

Several other equities research analysts also recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Acadian Asset Management from $50.00 to $54.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 1st. Weiss Ratings restated a "buy (b)" rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Evercore set a $60.00 target price on shares of Acadian Asset Management in a report on Friday. Finally, Royal Bank Of Canada raised their target price on shares of Acadian Asset Management from $52.00 to $54.00 and gave the stock a "sector perform" rating in a report on Friday, February 6th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $56.00.

Acadian Asset Management Stock Up 0.3%

Shares of AAMI stock opened at $62.06 on Friday. The firm has a 50 day moving average price of $53.30 and a two-hundred day moving average price of $49.73. The company has a market capitalization of $2.22 billion, a PE ratio of 28.08 and a beta of 1.26. Acadian Asset Management has a 12-month low of $24.99 and a 12-month high of $62.25.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last issued its quarterly earnings data on Friday, February 27th. The company reported $1.32 earnings per share (EPS) for the quarter. 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%. As a group, research analysts expect that Acadian Asset Management will post 2.78 EPS for the current year.

Insider Activity at Acadian Asset Management

In other news, Director Robert J. Chersi sold 28,753 shares of the firm's stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $51.30, for a total transaction of $1,475,028.90. Following the transaction, the director directly owned 37,384 shares of the company's stock, valued at approximately $1,917,799.20. This trade represents a 43.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barbara Trebbi sold 9,691 shares of the firm's stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total transaction of $496,373.02. Following the transaction, the director directly owned 35,771 shares in the company, valued at $1,832,190.62. This represents a 21.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 26.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC increased its stake in Acadian Asset Management by 380.2% in 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. EverSource Wealth Advisors LLC bought a new position in Acadian Asset Management in the second quarter valued at approximately $31,000. Raymond James Financial Inc. bought a new position in Acadian Asset Management in the second quarter valued at approximately $61,000. WealthCollab LLC bought a new position in Acadian Asset Management in the second quarter valued at approximately $65,000. Finally, Kestra Advisory Services LLC bought a new position in Acadian Asset Management in the fourth quarter valued at approximately $119,000. 98.69% of the stock is owned by institutional investors.

About Acadian Asset Management

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.

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