Acadian Asset Management (NYSE:AAMI) Upgraded by Wall Street Zen to "Strong-Buy" Rating

Key Points

• Wall Street Zen upgraded Acadian Asset Management from “buy” to “strong-buy”, adding a more bullish view to the stock’s recent analyst coverage.
• Other analysts remain more cautious overall: Morgan Stanley and RBC recently raised price targets, but the consensus rating is still Hold with an average price target of $62.
• The company reported better-than-expected quarterly earnings of $1.05 EPS versus the $0.94 estimate, while the stock has also rallied sharply and was trading near its 52-week high.

Acadian Asset Management (NYSE:AAMI - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a note issued to investors on Sunday.

AAMI has been the subject of a number of other reports. Morgan Stanley increased their price target on shares of Acadian Asset Management from $54.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 28th. Royal Bank Of Canada raised their price objective on shares of Acadian Asset Management from $60.00 to $66.00 and gave the stock a "sector perform" rating in a report on Friday, May 1st. Finally, Evercore set a $60.00 price target on Acadian Asset Management in a research note on Friday, April 10th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $62.00.

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Acadian Asset Management Stock Performance

Shares of AAMI opened at $68.56 on Friday. Acadian Asset Management has a fifty-two week low of $28.98 and a fifty-two week high of $69.87. The company has a market capitalization of $2.44 billion, a PE ratio of 29.17 and a beta of 1.33. The stock has a fifty day moving average of $58.21 and a two-hundred day moving average of $52.18.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.11. Acadian Asset Management had a return on equity of 185.73% and a net margin of 13.78%.The company had revenue of $165.00 million for the quarter. As a group, equities research analysts forecast that Acadian Asset Management will post 4.84 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Robert J. Chersi sold 28,753 shares of the company's stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $51.30, for a total transaction of $1,475,028.90. Following the completion of the sale, the director directly owned 37,384 shares in the company, valued at $1,917,799.20. This represents a 43.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Barbara Trebbi sold 9,691 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total transaction of $496,373.02. Following the completion of the transaction, the director directly owned 35,771 shares of the company's stock, valued at $1,832,190.62. This trade represents a 21.32% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 138,444 shares of company stock worth $8,668,402. 26.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Acadian Asset Management

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. acquired a new stake in Acadian Asset Management during the 2nd quarter worth approximately $6,964,000. American Century Companies Inc. acquired a new position in shares of Acadian Asset Management in the 2nd quarter worth approximately $1,773,000. Russell Investments Group Ltd. acquired a new position in Acadian Asset Management in the second quarter valued at $97,000. New York State Common Retirement Fund bought a new stake in shares of Acadian Asset Management during the 2nd quarter valued at about $299,000. Finally, Quantbot Technologies LP acquired a new stake in Acadian Asset Management in the second quarter worth $436,000. 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.

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