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Acadian Asset Management (NYSE:AAMI) Price Target Raised to $66.00 at Royal Bank Of Canada

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Key Points

  • Royal Bank of Canada raised its price target on Acadian Asset Management from $60 to $66 while keeping a sector perform rating, implying only about a 0.76% upside; MarketBeat's consensus is a Hold with an average target of $62.
  • Acadian beat Q1 estimates with EPS $1.05 vs $0.94 and revenue of $165M, declared a quarterly cash dividend of $0.10, and the stock traded around $65.50 (PE ~29.6) after the results.
  • Insiders trimmed positions in February—Director Robert Chersi sold 28,753 shares and Director Barbara Trebbi sold 9,691 shares—yet insiders still own 26% of the company while institutional investors own about 98.7%.
  • Interested in Acadian Asset Management? Here are five stocks we like better.

Acadian Asset Management (NYSE:AAMI - Get Free Report) had its target price lifted by analysts at Royal Bank Of Canada from $60.00 to $66.00 in a report issued on Friday,Benzinga reports. The firm currently has a "sector perform" rating on the stock. Royal Bank Of Canada's target price indicates a potential upside of 0.76% from the stock's current price.

Several other research analysts have also recently issued reports on the stock. Evercore set a $60.00 target price on shares of Acadian Asset Management in a report on Friday, April 10th. Morgan Stanley raised their target price on shares of Acadian Asset Management from $54.00 to $60.00 and gave the stock an "equal weight" rating in a report on Tuesday. Finally, Wall Street Zen cut shares of Acadian Asset Management from a "buy" rating to a "hold" rating in a report on Saturday, April 11th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $62.00.

Read Our Latest Analysis on Acadian Asset Management

Acadian Asset Management Trading Down 2.7%

Shares of AAMI stock traded down $1.85 during trading hours on Friday, hitting $65.50. 84,267 shares of the company's stock were exchanged, compared to its average volume of 287,120. The company has a market capitalization of $2.34 billion, a PE ratio of 29.64 and a beta of 1.26. Acadian Asset Management has a 12-month low of $27.35 and a 12-month high of $69.87. The business's 50 day simple moving average is $57.36 and its 200-day simple moving average is $51.67.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.94 by $0.11. Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. The firm had revenue of $165.00 million for the quarter. Equities analysts anticipate that Acadian Asset Management will post 4.84 EPS for the current year.

Insiders Place Their Bets

In other news, Director Robert J. Chersi sold 28,753 shares of the business's stock in a transaction 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 sale, the director owned 37,384 shares in the company, valued at approximately $1,917,799.20. The trade was a 43.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Barbara Trebbi sold 9,691 shares of the business's stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $51.22, for a total transaction of $496,373.02. Following the sale, the director owned 35,771 shares in the company, valued at approximately $1,832,190.62. This trade represents a 21.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 26.00% of the company's stock.

Hedge Funds Weigh In On Acadian Asset Management

Large investors have recently modified their holdings of the stock. Transamerica Financial Advisors LLC raised its position in shares of Acadian Asset Management by 380.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company's stock worth $38,000 after purchasing an additional 635 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of Acadian Asset Management in the 2nd quarter worth about $31,000. Raymond James Financial Inc. purchased a new position in shares of Acadian Asset Management in the 2nd quarter worth about $61,000. WealthCollab LLC purchased a new position in shares of Acadian Asset Management in the 2nd quarter worth about $65,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Acadian Asset Management in the 4th quarter worth about $119,000. Hedge funds and other institutional investors own 98.69% of the company's stock.

Key Stories Impacting Acadian Asset Management

Here are the key news stories impacting Acadian Asset Management this week:

About Acadian Asset Management

(Get Free Report)

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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Analyst Recommendations for Acadian Asset Management (NYSE:AAMI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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