Acadian Asset Management (NYSE:AAMI) Stock Rating Cut to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Acadian Asset Management from “strong buy” to “buy.” Analysts’ overall consensus remains “Moderate Buy,” with a $100 average price target.
• Analyst views were mixed: Morgan Stanley raised its rating to “overweight” and lifted its price target to $110, while Zacks Research downgraded the stock to “hold.”
• Acadian reported quarterly EPS of $1.36, beating the $1.22 consensus estimate, on revenue of $189.1 million.

Acadian Asset Management (NYSE:AAMI - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

Other research analysts have also issued research reports about the company. Morgan Stanley raised Acadian Asset Management from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $97.00 to $110.00 in a research report on Thursday. Zacks Research cut Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 25th. Evercore set a $102.00 price objective on Acadian Asset Management in a report on Friday, October 9th. Royal Bank Of Canada increased their price objective on Acadian Asset Management from $85.00 to $88.00 and gave the company a "sector perform" rating in a report on Friday, October 30th. Finally, Weiss Ratings raised shares of Acadian Asset Management from a "buy (b)" rating to a "buy (b+)" rating in a research note on Thursday, October 8th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Acadian Asset Management presently has an average rating of "Moderate Buy" and a consensus target price of $100.00.

Acadian Asset Management Price Performance

Acadian Asset Management stock opened at $90.66 on Friday. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 26.59 and a beta of 1.29. The firm has a 50-day moving average of $92.17 and a 200-day moving average of $74.59. Acadian Asset Management has a one year low of $41.47 and a one year high of $98.52.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $1.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.22 by $0.14. Acadian Asset Management had a return on equity of 139.70% and a net margin of 17.02%. The business had revenue of $189.10 million for the quarter. As a group, sell-side analysts expect that Acadian Asset Management will post 5.73 earnings per share for the current year.

Hedge Funds Weigh In On Acadian Asset Management

Institutional investors have recently bought and sold shares of the business. Russell Investments Group Ltd. lifted its holdings in Acadian Asset Management by 115.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 53,163 shares of the company's stock valued at $4,876,000 after purchasing an additional 28,472 shares during the last quarter. Maryland State Retirement & Pension System boosted its position in Acadian Asset Management by 72.5% during the third quarter. Maryland State Retirement & Pension System now owns 6,574 shares of the company's stock worth $603,000 after purchasing an additional 2,764 shares during the period. Illinois Municipal Retirement Fund boosted its position in Acadian Asset Management by 4.1% during the third quarter. Illinois Municipal Retirement Fund now owns 13,769 shares of the company's stock worth $1,263,000 after purchasing an additional 547 shares during the period. Lido Advisors LLC increased its holdings in shares of Acadian Asset Management by 15.7% in the third quarter. Lido Advisors LLC now owns 14,037 shares of the company's stock valued at $1,287,000 after purchasing an additional 1,908 shares during the last quarter. Finally, Fulcrum Asset Management LLP increased its holdings in shares of Acadian Asset Management by 421.6% in the third quarter. Fulcrum Asset Management LLP now owns 119,270 shares of the company's stock valued at $11,030,000 after purchasing an additional 96,406 shares during the last quarter. Institutional investors and hedge funds own 98.69% of the company's stock.

Acadian Asset Management Company Profile

Acadian Asset Management Inc NYSE: AAMI is a global investment management firm specializing in systematic, research-driven investment strategies. The company uses quantitative analysis, data science and technology to evaluate investment opportunities and manage portfolios across global markets.

Its offerings include strategies in global and international equities, emerging markets, fixed income, multi-asset investing and alternative investments. Acadian also provides customized portfolio solutions and related investment management services for institutional clients, including pension plans, endowments, foundations, insurers, sovereign investors and wealth management organizations.

Founded in 1986, Acadian is headquartered in Boston and serves clients internationally through offices and operations in major financial centers, including London, Singapore and Sydney.

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