Acadian Asset Management (NYSE:AAMI) Downgraded by Zacks Research to “Hold”

Acadian Asset Management (NYSE:AAMI) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Morgan Stanley set a $81.00 price objective on Acadian Asset Management in a research note on Wednesday, July 29th. Wall Street Zen upgraded shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Weiss Ratings raised shares of Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. Royal Bank Of Canada boosted their price objective on shares of Acadian Asset Management from $72.00 to $80.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. Finally, Evercore set a $84.00 price objective on shares of Acadian Asset Management in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $81.67.

Acadian Asset Management Stock Performance

AAMI opened at $95.87 on Tuesday. The company has a market capitalization of $3.40 billion, a P/E ratio of 33.88 and a beta of 1.30. The company has a 50-day moving average of $83.14 and a 200-day moving average of $69.64. Acadian Asset Management has a 1-year low of $41.47 and a 1-year high of $96.00.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.03 by $0.30. The business had revenue of $183.20 million for the quarter. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. As a group, sell-side analysts expect that Acadian Asset Management will post 5.07 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Acadian Asset Management

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AAMI. Public Employees Retirement System of Ohio bought a new stake in Acadian Asset Management during the 2nd quarter valued at $38,000. Allworth Financial LP bought a new stake in shares of Acadian Asset Management during the 2nd quarter worth $49,000. Transamerica Financial Advisors LLC raised its holdings 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 buying an additional 635 shares during the period. EverSource Wealth Advisors LLC acquired a new position in shares of Acadian Asset Management in the second quarter worth about $31,000. Finally, Quantbot Technologies LP acquired a new position in shares of Acadian Asset Management in the second quarter worth about $67,000. 98.69% of the stock is owned by institutional investors.

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.