Wall Street Zen downgraded shares of Acadian Asset Management (NYSE:AAMI – Free Report) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.
Several other analysts also recently weighed in on AAMI. Evercore set a $84.00 price target on shares of Acadian Asset Management in a research note on Friday, July 10th. Weiss Ratings raised Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Royal Bank Of Canada raised their price objective on Acadian Asset Management from $72.00 to $80.00 and gave the stock a “sector perform” rating in a report on Friday, July 31st. Morgan Stanley lifted their target price on Acadian Asset Management from $81.00 to $95.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Zacks Research cut Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Acadian Asset Management currently has an average rating of “Hold” and an average price target of $86.33.
Get Our Latest Stock Report on Acadian Asset Management
Acadian Asset Management Price Performance
Acadian Asset Management (NYSE:AAMI – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.30. The company had revenue of $183.20 million during the quarter. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. Sell-side analysts forecast that Acadian Asset Management will post 5.07 EPS for the current fiscal year.
Acadian Asset Management Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 11th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, September 11th. Acadian Asset Management’s dividend payout ratio is presently 14.13%.
Hedge Funds Weigh In On Acadian Asset Management
A number of hedge funds and other institutional investors have recently modified their holdings of AAMI. Paulson & CO. Inc. purchased a new position in Acadian Asset Management during the second quarter valued at approximately $417,912,000. BlackRock Inc. purchased a new stake in Acadian Asset Management during the second quarter worth $320,877,000. Jennison Associates LLC boosted its position in Acadian Asset Management by 5.9% during the 1st quarter. Jennison Associates LLC now owns 2,022,207 shares of the company’s stock valued at $110,049,000 after acquiring an additional 112,985 shares in the last quarter. Azora Capital LP purchased a new position in shares of Acadian Asset Management in the 2nd quarter valued at $35,474,000. Finally, SG Americas Securities LLC increased its holdings in shares of Acadian Asset Management by 67.9% in the 1st quarter. SG Americas Securities LLC now owns 603,683 shares of the company’s stock valued at $32,852,000 after acquiring an additional 244,070 shares during the period. 98.69% of the stock is currently owned by institutional investors.
About Acadian Asset Management
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.
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