Acadian Asset Management (NYSE:AAMI) Upgraded to “Strong-Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Acadian Asset Management (NYSE:AAMI) from a buy rating to a strong-buy rating in a research report sent to investors on Sunday morning,Wall Street Zen reports.

AAMI has been the subject of several other reports. Morgan Stanley boosted their price target on Acadian Asset Management from $81.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Friday, September 25th. Royal Bank Of Canada lifted their target price on shares of Acadian Asset Management from $72.00 to $80.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. 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. Evercore set a $84.00 target price on shares of Acadian Asset Management in a research report on Friday, July 10th. Finally, Zacks Research cut shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $86.33.

Acadian Asset Management Stock Performance

AAMI stock opened at $94.17 on Friday. Acadian Asset Management has a 12-month low of $41.47 and a 12-month high of $98.52. The stock has a market cap of $3.34 billion, a price-to-earnings ratio of 33.28 and a beta of 1.31. The business’s 50-day moving average is $91.30 and its 200 day moving average is $77.20.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.33 EPS for the quarter, topping 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 return on equity of 189.32% and a net margin of 15.17%. As a group, equities analysts forecast that Acadian Asset Management will post 5.51 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Acadian Asset Management’s payout ratio is 14.13%.

Institutional Trading of Acadian Asset Management

Several large investors have recently added to or reduced their stakes in the stock. Envestnet Portfolio Solutions Inc. increased its stake in shares of Acadian Asset Management by 4.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,735 shares of the company’s stock worth $768,000 after acquiring an additional 469 shares during the last quarter. HBK Investments L P acquired a new position in shares of Acadian Asset Management during the 2nd quarter valued at about $715,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Acadian Asset Management in the second quarter valued at about $40,000. Squarepoint Ops LLC purchased a new stake in shares of Acadian Asset Management in the second quarter valued at about $2,091,000. Finally, Allworth Financial LP increased its position in Acadian Asset Management by 57.9% during the second quarter. Allworth Financial LP now owns 682 shares of the company’s stock worth $49,000 after purchasing an additional 250 shares during the last quarter. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

About Acadian Asset Management

Acadian Asset Management is a global investment management firm that uses quantitative and systematic research to design and manage portfolios for institutional and intermediary clients. The company applies data-driven processes, technology and fundamental analysis to identify investment opportunities and manage risk across global markets.

Its offerings include actively managed strategies in global and emerging-market equities, fixed income, multi-asset portfolios and alternative investments.