Acadian Asset Management (NYSE:AAMI) Rating Lowered to "Hold" at Zacks Research

Key Points

• Zacks Research downgraded Acadian Asset Management from “strong buy” to “hold,” bringing the analyst consensus to “hold” with an average price target of $81.67.
• AAMI shares opened at $95.87, near their 12-month high of $96.00 and well above the consensus target. The stock has a $3.40 billion market capitalization and trades at a price-to-earnings ratio of 33.88.
• Acadian reported quarterly earnings of $1.33 per share, beating estimates of $1.03, on revenue of $183.2 million. Institutional investors own approximately 98.69% of the company’s stock.

Acadian Asset Management (NYSE:AAMI - Get Free Report) was downgraded by equities researchers at Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Tuesday,Zacks.com reports.

Several other analysts also recently issued reports on AAMI. Morgan Stanley set a $81.00 price target on shares of Acadian Asset Management in a report on Wednesday, July 29th. Evercore set a $84.00 price objective on Acadian Asset Management in a research report on Friday, July 10th. Royal Bank Of Canada upped their target price on Acadian Asset Management from $72.00 to $80.00 and gave the company a "sector perform" rating in a research note on Friday, July 31st. Wall Street Zen upgraded Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a report on Sunday, May 10th. Finally, Weiss Ratings raised Acadian Asset Management from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, August 21st. 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.com, the stock has a consensus rating of "Hold" and an average price target of $81.67.

Acadian Asset Management Price Performance

Acadian Asset Management stock opened at $95.87 on Tuesday. The stock has a market capitalization of $3.40 billion, a PE ratio of 33.88 and a beta of 1.30. The business has a 50 day simple moving average of $83.14 and a 200-day simple moving average of $69.64. Acadian Asset Management has a 12 month low of $41.47 and a 12 month high of $96.00.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.33 earnings per share 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 company had revenue of $183.20 million for the quarter. As a group, equities research analysts anticipate that Acadian Asset Management will post 5.07 EPS for the current year.

Institutional Investors Weigh In On Acadian Asset Management

A number of institutional investors have recently added to or reduced their stakes in AAMI. Lido Advisors LLC increased its position in shares of Acadian Asset Management by 3.5% during the fourth quarter. Lido Advisors LLC now owns 8,922 shares of the company's stock worth $427,000 after acquiring an additional 298 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Acadian Asset Management by 12.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the company's stock valued at $164,000 after purchasing an additional 334 shares during the last quarter. ANB Bank grew its stake in Acadian Asset Management by 5.0% during the 1st quarter. ANB Bank now owns 8,588 shares of the company's stock valued at $467,000 after purchasing an additional 410 shares in the last quarter. Susquehanna Fundamental Investments LLC grew its stake in Acadian Asset Management by 3.2% during the 4th quarter. Susquehanna Fundamental Investments LLC now owns 14,508 shares of the company's stock valued at $682,000 after purchasing an additional 450 shares in the last quarter. Finally, Polymer Capital Management US LLC increased its holdings in Acadian Asset Management by 6.2% during the 4th quarter. Polymer Capital Management US LLC now owns 7,871 shares of the company's stock worth $370,000 after purchasing an additional 459 shares during the last quarter. 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.

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