Wall Street Zen Downgrades Acadian Asset Management (NYSE:AAMI) to Hold

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

Several other research firms have also recently weighed in on AAMI. Zacks Research cut Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Acadian Asset Management in a research note on Monday, December 29th. Evercore ISI set a $52.00 price target on Acadian Asset Management in a research note on Thursday, November 6th. Finally, Morgan Stanley increased their price objective on shares of Acadian Asset Management from $46.00 to $49.00 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $47.67.

Acadian Asset Management Trading Down 0.1%

Shares of AAMI opened at $54.47 on Friday. The company’s 50-day moving average price is $47.28 and its 200 day moving average price is $46.06. Acadian Asset Management has a 12-month low of $22.60 and a 12-month high of $55.10. The firm has a market cap of $1.95 billion, a P/E ratio of 22.98 and a beta of 1.31.

Institutional Trading of Acadian Asset Management

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its holdings in shares of Acadian Asset Management by 37.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 289,038 shares of the company’s stock worth $13,365,000 after purchasing an additional 78,623 shares during the last quarter. Ensign Peak Advisors Inc purchased a new position in Acadian Asset Management in the 2nd quarter valued at approximately $439,000. AlphaQuest LLC purchased a new stake in Acadian Asset Management in the second quarter valued at approximately $431,000. Amalgamated Bank bought a new stake in shares of Acadian Asset Management in the 2nd quarter valued at about $270,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Acadian Asset Management during the second quarter valued at approximately $21,531,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

About Acadian Asset Management

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.