Acadian Asset Management (NYSE:AAMI) Stock Rating Lowered by Wall Street Zen

Acadian Asset Management (NYSE:AAMI) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Other equities analysts have also issued reports about the stock. Royal Bank Of Canada boosted their target price on shares of Acadian Asset Management from $52.00 to $54.00 and gave the company a “sector perform” rating in a report on Friday, February 6th. Evercore set a $60.00 price target on Acadian Asset Management in a report on Friday. Weiss Ratings reiterated a “buy (b)” rating on shares of Acadian Asset Management in a report on Monday, December 29th. Finally, Morgan Stanley increased their price target on Acadian Asset Management from $50.00 to $54.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 1st. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Acadian Asset Management presently has a consensus rating of “Hold” and a consensus target price of $56.00.

Acadian Asset Management Stock Performance

NYSE AAMI opened at $62.06 on Friday. The firm has a market capitalization of $2.22 billion, a P/E ratio of 28.08 and a beta of 1.26. The stock’s fifty day moving average is $53.30 and its two-hundred day moving average is $49.76. Acadian Asset Management has a fifty-two week low of $24.99 and a fifty-two week high of $62.25.

Acadian Asset Management (NYSE:AAMI) last posted its earnings results on Friday, February 27th. The company reported $1.32 earnings per share for the quarter. The company had revenue of $169.70 million for the quarter. Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. As a group, sell-side analysts forecast that Acadian Asset Management will post 2.78 EPS for the current year.

Insider Activity at Acadian Asset Management

In other news, Director Barbara Trebbi sold 9,691 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $51.22, for a total value of $496,373.02. Following the transaction, the director directly owned 35,771 shares in the company, valued at approximately $1,832,190.62. This represents a 21.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Robert J. Chersi sold 28,753 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $51.30, for a total transaction of $1,475,028.90. Following the completion of the transaction, the director owned 37,384 shares in the company, valued at approximately $1,917,799.20. This represents a 43.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 26.00% of the company’s stock.

Hedge Funds Weigh In On Acadian Asset Management

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC acquired a new position in Acadian Asset Management during the 2nd quarter worth about $31,000. Transamerica Financial Advisors LLC lifted its stake in Acadian Asset Management by 380.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock worth $38,000 after acquiring an additional 635 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Acadian Asset Management during the 2nd quarter worth about $61,000. WealthCollab LLC acquired a new position in Acadian Asset Management during the 2nd quarter worth about $65,000. Finally, Russell Investments Group Ltd. acquired a new stake in Acadian Asset Management during the 2nd quarter worth approximately $97,000. 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.