Acadian Asset Management (NYSE:AAMI) Stock Gets Price Target Bump from Royal Bank Of Canada

Acadian Asset Management (NYSE:AAMI) had its target price hoisted by research analysts at Royal Bank Of Canada from $80.00 to $85.00 in a research report issued on Friday, Benzinga reports. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential downside of 8.76% from the company’s current price.

Several other equities analysts have also commented on AAMI. Zacks Research lowered Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, October 4th. Weiss Ratings raised shares of Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Morgan Stanley upped their price objective on shares of Acadian Asset Management from $81.00 to $95.00 and gave the company an “equal weight” rating in a research note on Friday, September 25th. Finally, Evercore set a $84.00 target price on shares of Acadian Asset Management in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Acadian Asset Management has an average rating of “Hold” and a consensus target price of $88.00.

Acadian Asset Management Stock Performance

NYSE AAMI opened at $93.16 on Friday. Acadian Asset Management has a 52-week low of $41.47 and a 52-week high of $98.52. The company has a market capitalization of $3.31 billion, a P/E ratio of 33.00 and a beta of 1.31. The company has a fifty day moving average of $92.20 and a 200-day moving average of $78.41.

Acadian Asset Management (NYSE:AAMI) last released its earnings results on Thursday, July 30th. The company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.30. The business had revenue of $183.20 million for the quarter. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%. As a group, analysts forecast that Acadian Asset Management will post 5.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its holdings in Acadian Asset Management by 11.2% in the 3rd quarter. GAMMA Investing LLC now owns 1,345 shares of the company’s stock worth $123,000 after buying an additional 136 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Acadian Asset Management by 17.4% during the third quarter. Farther Finance Advisors LLC now owns 754 shares of the company’s stock valued at $69,000 after acquiring an additional 112 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Acadian Asset Management by 4.6% in the second 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 period. HBK Investments L P purchased a new stake in Acadian Asset Management in the second quarter worth $715,000. Finally, Integrated Wealth Concepts LLC bought a new stake in Acadian Asset Management in the second quarter valued at $40,000. Institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Company Profile

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.