Acadian Asset Management (NYSE:AAMI) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Acadian Asset Management (NYSE:AAMI) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts have also recently weighed in on AAMI. Morgan Stanley lifted their price objective on Acadian Asset Management from $81.00 to $95.00 and gave the company an “equal weight” rating in a research note on Friday. Zacks Research lowered Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Royal Bank Of Canada raised their target price on Acadian Asset Management from $72.00 to $80.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. Evercore set a $84.00 target price on Acadian Asset Management in a research report on Friday, July 10th. Finally, Weiss Ratings upgraded shares of Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Acadian Asset Management presently has an average rating of “Hold” and an average target price of $86.33.

Acadian Asset Management Stock Performance

NYSE AAMI opened at $93.85 on Friday. The stock’s fifty day moving average is $90.40 and its two-hundred day moving average is $76.00. The firm has a market capitalization of $3.33 billion, a P/E ratio of 33.16 and a beta of 1.30. Acadian Asset Management has a fifty-two week low of $41.47 and a fifty-two week high of $98.52.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.30. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. The firm had revenue of $183.20 million during the quarter. As a group, sell-side analysts forecast that Acadian Asset Management will post 5.07 EPS for the current year.

Acadian Asset Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 11th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Friday, September 11th. Acadian Asset Management’s dividend payout ratio (DPR) is currently 14.13%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Acadian Asset Management by 53.5% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 103,504 shares of the company’s stock worth $7,403,000 after acquiring an additional 36,083 shares during the period. Walleye Capital LLC acquired a new stake in shares of Acadian Asset Management during the second quarter worth $5,906,000. Summit Global Investments acquired a new stake in Acadian Asset Management in the 2nd quarter worth about $1,209,000. Principal Financial Group Inc. grew its holdings in Acadian Asset Management by 13.9% in the first quarter. Principal Financial Group Inc. now owns 204,527 shares of the company’s stock valued at $11,130,000 after purchasing an additional 24,885 shares during the period. Finally, Paulson & CO. Inc. purchased a new stake in shares of Acadian Asset Management during the 2nd quarter valued at $417,912,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

Acadian Asset Management Company Profile

Acadian Asset Management Inc is an investment management company that provides systematic, research-driven strategies to institutional and other professional investors. Through its investment management operations, the company uses quantitative models, fundamental research, and technology to analyze global markets and construct portfolios.

Acadian’s offerings include active strategies focused on global, international, emerging-market, and regional equities, as well as alternative and multi-asset solutions.