Weiss Ratings Reiterates Buy (B-) Rating for Acadian Asset Management (NYSE:AAMI)

Key Points

• Weiss Ratings has maintained a "buy (B-)" rating for Acadian Asset Management, despite mixed signals from other analysts who have issued varied ratings.
• The stock is currently trading at $44.41, down slightly from previous levels, with a consensus price target of $44.33.
• Acadian Asset Management exceeded analysts' expectations with reported earnings of $0.64 EPS for the last quarter, compared to a consensus estimate of $0.52 EPS.

Acadian Asset Management (NYSE:AAMI - Get Free Report)'s stock had its "buy (b-)" rating reiterated by Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other analysts have also issued reports on the company. Zacks Research lowered Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a report on Friday, October 3rd. Royal Bank Of Canada raised their price objective on Acadian Asset Management from $34.00 to $42.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. Wall Street Zen raised Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. Morgan Stanley reissued a "positive" rating on shares of Acadian Asset Management in a research note on Monday. Finally, Evercore ISI reissued a "positive" rating on shares of Acadian Asset Management in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Acadian Asset Management has a consensus rating of "Moderate Buy" and an average price target of $44.33.

Acadian Asset Management Stock Performance

NYSE AAMI traded down $0.05 during trading on Wednesday, hitting $44.41. The stock had a trading volume of 64,611 shares, compared to its average volume of 260,178. The company has a market capitalization of $1.59 billion, a PE ratio of 18.51 and a beta of 1.39. The company's 50-day moving average price is $47.07 and its two-hundred day moving average price is $36.57. Acadian Asset Management has a 12 month low of $22.60 and a 12 month high of $51.65.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.12. The company had revenue of $124.90 million for the quarter, compared to analysts' expectations of $118.07 million. Acadian Asset Management had a return on equity of 174.31% and a net margin of 16.65%. As a group, equities analysts anticipate that Acadian Asset Management will post 2.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Acadian Asset Management

A number of hedge funds and other institutional investors have recently modified their holdings of AAMI. Signaturefd LLC bought a new stake in shares of Acadian Asset Management in the 2nd quarter valued at about $25,000. EverSource Wealth Advisors LLC bought a new position in shares of Acadian Asset Management in the 2nd quarter worth approximately $31,000. GAMMA Investing LLC bought a new position in shares of Acadian Asset Management in the 2nd quarter worth approximately $37,000. Public Employees Retirement System of Ohio bought a new position in shares of Acadian Asset Management in the 2nd quarter worth approximately $44,000. Finally, CWM LLC bought a new position in shares of Acadian Asset Management in the 2nd quarter worth approximately $55,000. Institutional investors own 98.69% of the company's stock.

About Acadian Asset Management

Acadian Asset Management Inc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.

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