Acadian Asset Management (NYSE:AAMI) Stock Gets Downgrade from Wall Street Zen

Acadian Asset Management (NYSE:AAMI) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report released on Monday, Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings raised shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Evercore set a $102.00 target price on shares of Acadian Asset Management in a research note on Friday. Morgan Stanley lifted their price target on Acadian Asset Management from $81.00 to $95.00 and gave the stock an “equal weight” rating in a report on Friday, September 25th. Zacks Research cut Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Finally, Royal Bank Of Canada boosted their price target on Acadian Asset Management from $80.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Friday, October 9th. One investment 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, Acadian Asset Management presently has an average rating of “Hold” and an average target price of $94.00.

Acadian Asset Management Trading Down 1.1%

Shares of AAMI opened at $91.60 on Monday. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 32.37 and a beta of 1.31. Acadian Asset Management has a 1-year low of $41.47 and a 1-year high of $98.52. The company’s fifty day simple moving average is $92.40 and its 200 day simple moving average is $79.26.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings results 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 for the quarter. As a group, research analysts forecast that Acadian Asset Management will post 5.51 earnings per share for the current year.

Hedge Funds Weigh In On Acadian Asset Management

Large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its position in shares of Acadian Asset Management by 17.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 754 shares of the company’s stock valued at $69,000 after buying an additional 112 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Acadian Asset Management by 11.2% during the 3rd quarter. GAMMA Investing LLC now owns 1,345 shares of the company’s stock worth $123,000 after acquiring an additional 136 shares during the period. Allworth Financial LP boosted its position in shares of Acadian Asset Management by 57.9% during the 2nd quarter. Allworth Financial LP now owns 682 shares of the company’s stock worth $49,000 after acquiring an additional 250 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Acadian Asset Management by 12.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the company’s stock worth $164,000 after acquiring an additional 334 shares in the last quarter. Finally, ANB Bank boosted its position in shares of Acadian Asset Management by 5.0% during the 1st quarter. ANB Bank now owns 8,588 shares of the company’s stock worth $467,000 after acquiring an additional 410 shares in the last quarter. 98.69% of the stock is owned by institutional investors.

About Acadian Asset Management

Acadian Asset Management is a global investment management firm that uses quantitative and systematic research to design and manage portfolios for institutional and intermediary clients. The company applies data-driven processes, technology and fundamental analysis to identify investment opportunities and manage risk across global markets.

Its offerings include actively managed strategies in global and emerging-market equities, fixed income, multi-asset portfolios and alternative investments.