Acadian Asset Management (NYSE:AAMI) Stock Moved Down to “Buy” by Wall Street Zen

Wall Street Zen cut shares of Acadian Asset Management (NYSE:AAMI) from a strong-buy rating to a buy rating in a report issued on Monday,Wall Street Zen reports.

Several other equities analysts have also recently commented on the stock. Zacks Research cut shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Morgan Stanley increased their price objective on Acadian Asset Management from $81.00 to $95.00 and gave the stock an “equal weight” rating in a report on Friday, September 25th. Weiss Ratings upgraded Acadian Asset Management from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday. Royal Bank Of Canada lifted their price objective on Acadian Asset Management from $80.00 to $85.00 and gave the company a “sector perform” rating in a research report on Friday. Finally, Evercore set a $102.00 target price on Acadian Asset Management in a research note on Friday. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $94.00.

Acadian Asset Management Stock Performance

Shares of AAMI opened at $92.77 on Monday. The company has a market capitalization of $3.29 billion, a PE ratio of 32.78 and a beta of 1.31. The company’s 50 day moving average price is $92.41 and its 200 day moving average price is $78.99. Acadian Asset Management has a 52 week low of $41.47 and a 52 week high of $98.52.

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

Acadian Asset Management Announces Dividend

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

Hedge Funds Weigh In On Acadian Asset Management

A number of institutional investors and hedge funds have recently bought and sold shares of AAMI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Acadian Asset Management by 53.5% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 103,504 shares of the company’s stock valued at $7,403,000 after purchasing an additional 36,083 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Acadian Asset Management in the second quarter worth $1,266,000. Walleye Capital LLC bought a new position in Acadian Asset Management in the second quarter worth $5,906,000. Summit Global Investments bought a new position in Acadian Asset Management in the second quarter worth $1,209,000. Finally, Legal & General Group Plc acquired a new stake in Acadian Asset Management during the second quarter worth $4,864,000. 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.