Acadian Asset Management (NYSE:AAMI – Get Free Report) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.
Several other analysts have also recently commented on AAMI. Morgan Stanley set a $81.00 target price on shares of Acadian Asset Management in a research report on Wednesday. Royal Bank Of Canada lifted their price objective on Acadian Asset Management from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 2nd. Evercore set a $84.00 price objective on Acadian Asset Management in a report on Friday, July 10th. Weiss Ratings lowered Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Finally, Wall Street Zen raised Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.00.
Get Our Latest Stock Report on Acadian Asset Management
Acadian Asset Management Price Performance
Acadian Asset Management (NYSE:AAMI – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. The firm had revenue of $165.00 million for the quarter. As a group, analysts expect that Acadian Asset Management will post 5.11 EPS for the current year.
Insider Buying and Selling
In other Acadian Asset Management news, CAO Richard Jonathan Hart sold 100,000 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $66.97, for a total value of $6,697,000.00. Following the sale, the chief accounting officer directly owned 73,863 shares in the company, valued at approximately $4,946,605.11. This trade represents a 57.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 22.60% of the company’s stock.
Institutional Trading of Acadian Asset Management
Large investors have recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. acquired a new stake in Acadian Asset Management during the 3rd quarter worth $20,059,000. Boston Trust Walden Corp acquired a new position in Acadian Asset Management in the first quarter valued at about $15,325,000. Soros Fund Management LLC increased its holdings in shares of Acadian Asset Management by 61.3% in the fourth quarter. Soros Fund Management LLC now owns 737,367 shares of the company’s stock worth $34,656,000 after acquiring an additional 280,239 shares in the last quarter. Amundi bought a new stake in shares of Acadian Asset Management in the third quarter worth about $11,361,000. Finally, Invesco Ltd. acquired a new stake in shares of Acadian Asset Management during the second quarter worth about $8,608,000. Institutional investors own 98.69% of the company’s stock.
About Acadian Asset Management
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.
Further Reading
- Five stocks we like better than Acadian Asset Management
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
Receive News & Ratings for Acadian Asset Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acadian Asset Management and related companies with MarketBeat.com's FREE daily email newsletter.
