Acadian Asset Management (NYSE:AAMI) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Acadian Asset Management (NYSE:AAMI) from a hold rating to a buy rating in a research report report published on Saturday morning.

A number of other equities analysts have also recently issued reports on AAMI. Evercore ISI set a $52.00 target price on Acadian Asset Management in a report on Thursday, November 6th. Zacks Research cut Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Acadian Asset Management in a research note on Monday, December 29th. Finally, Morgan Stanley lifted their target price on shares of Acadian Asset Management from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Acadian Asset Management presently has an average rating of “Hold” and an average target price of $47.67.

Acadian Asset Management Stock Performance

Shares of NYSE:AAMI opened at $51.36 on Friday. The stock has a market capitalization of $1.83 billion, a price-to-earnings ratio of 21.67 and a beta of 1.31. Acadian Asset Management has a 1-year low of $22.60 and a 1-year high of $54.99. The company has a 50 day moving average price of $46.18 and a 200 day moving average price of $45.22.

Acadian Asset Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 12th were given a dividend of $0.01 per share. The ex-dividend date was Friday, December 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. Acadian Asset Management’s dividend payout ratio (DPR) is presently 1.69%.

Hedge Funds Weigh In On Acadian Asset Management

Large investors have recently made changes to their positions in the business. Signaturefd LLC acquired a new stake in shares of Acadian Asset Management during the second quarter worth approximately $25,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Acadian Asset Management during the 2nd quarter valued at $31,000. GAMMA Investing LLC purchased a new position in shares of Acadian Asset Management during the 2nd quarter valued at $37,000. Public Employees Retirement System of Ohio acquired a new position in shares of Acadian Asset Management in the second quarter worth $44,000. Finally, CWM LLC purchased a new stake in shares of Acadian Asset Management during the second quarter worth $55,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

Acadian Asset Management Company Profile

Acadian Asset Management is a global investment management firm specializing in quantitative research and systematic strategies. Since its founding in 1986, the firm has developed data-driven models designed to identify and capture investment opportunities across equity and fixed income markets. By integrating advanced analytics, proprietary risk management tools and a disciplined investment process, Acadian seeks to deliver consistent performance for institutional clients.

The firm’s core offerings include institutional equity portfolios, fixed income strategies and multi-asset solutions.