Morgan Stanley Upgrades Acadian Asset Management (NYSE:AAMI) to Overweight

Key Points

• Morgan Stanley upgraded Acadian Asset Management to Overweight from Equal Weight, setting a $110 price target—about 20.3% above the prior close.
• Analyst views are mixed, but MarketBeat’s consensus rating is Moderate Buy with a $100 average price target.
• Acadian reported quarterly EPS of $1.36, beating the $1.22 estimate, on revenue of $189.1 million; its shares rose 4.0% on Thursday.

Acadian Asset Management (NYSE:AAMI - Get Free Report) was upgraded by Morgan Stanley from an "equal weight" rating to an "overweight" rating in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage currently has a $110.00 price objective on the stock. Morgan Stanley's target price would indicate a potential upside of 20.33% from the stock's previous close.

A number of other analysts also recently issued reports on AAMI. Zacks Research downgraded Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 25th. Evercore set a $102.00 price target on shares of Acadian Asset Management in a research note on Friday, October 9th. Weiss Ratings raised shares of Acadian Asset Management from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, October 8th. Wall Street Zen upgraded shares of Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a research note on Saturday, October 31st. Finally, Royal Bank Of Canada lifted their price target on Acadian Asset Management from $85.00 to $88.00 and gave the stock a "sector perform" rating in a report on Friday, October 30th. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, Acadian Asset Management currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.00.

Acadian Asset Management Trading Up 4.0%

Acadian Asset Management stock opened at $91.41 on Thursday. The company has a market cap of $3.24 billion, a P/E ratio of 26.81 and a beta of 1.29. Acadian Asset Management has a 1-year low of $41.47 and a 1-year high of $98.52. The company has a fifty day simple moving average of $92.39 and a 200 day simple moving average of $74.23.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last issued its quarterly earnings results on Thursday, October 29th. The company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.22 by $0.14. Acadian Asset Management had a net margin of 17.02% and a return on equity of 139.70%. The firm had revenue of $189.10 million for the quarter. On average, equities research analysts forecast that Acadian Asset Management will post 5.42 EPS for the current year.

Institutional Investors Weigh In On Acadian Asset Management

Institutional investors have recently made changes to their positions in the stock. Paulson & CO. Inc. acquired a new stake in Acadian Asset Management in the second quarter worth $417,912,000. BlackRock Inc. acquired a new position in shares of Acadian Asset Management during the second quarter valued at about $320,877,000. Azora Capital LP acquired a new position in shares of Acadian Asset Management during the second quarter valued at about $35,474,000. Amundi bought a new position in shares of Acadian Asset Management during the 2nd quarter worth about $22,694,000. Finally, William Blair Investment Management LLC bought a new position in shares of Acadian Asset Management during the 2nd quarter worth about $14,862,000. Institutional investors own 98.69% of the company's stock.

About Acadian Asset Management

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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