Acadian Asset Management (NYSE:AAMI – Get Free Report) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Sunday, Wall Street Zen reports.
Several other research firms have also issued reports on AAMI. Royal Bank Of Canada upped their price target on shares of Acadian Asset Management from $72.00 to $80.00 and gave the stock a “sector perform” rating in a research report on Friday, July 31st. Weiss Ratings upgraded 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 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. Evercore set a $84.00 price objective on Acadian Asset Management in a research note on Friday, July 10th. Finally, Zacks Research downgraded Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. One 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 company presently has an average rating of “Hold” and a consensus price target of $86.33.
Check Out Our Latest Report on AAMI
Acadian Asset Management Price Performance
Shares of AAMI stock opened at $94.17 on Friday. Acadian Asset Management has a one year low of $41.47 and a one year high of $98.52. The stock has a market cap of $3.34 billion, a P/E ratio of 33.28 and a beta of 1.31. The stock has a fifty day moving average price of $91.30 and a 200 day moving average price of $77.02.
Acadian Asset Management (NYSE:AAMI – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.30. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%.The firm had revenue of $183.20 million for the quarter. Equities research analysts anticipate that Acadian Asset Management will post 5.51 EPS for the current year.
Institutional Investors Weigh In On Acadian Asset Management
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Allworth Financial LP increased its stake in Acadian Asset Management by 57.9% during the 2nd quarter. Allworth Financial LP now owns 682 shares of the company’s stock worth $49,000 after acquiring an additional 250 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Acadian Asset Management by 12.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the company’s stock worth $164,000 after purchasing an additional 334 shares in the last quarter. ANB Bank grew its holdings in shares of Acadian Asset Management by 5.0% during the 1st quarter. ANB Bank now owns 8,588 shares of the company’s stock worth $467,000 after purchasing an additional 410 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of 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 purchasing an additional 469 shares during the period. Finally, State of Wyoming increased its position in shares of Acadian Asset Management by 5.8% in the fourth quarter. State of Wyoming now owns 9,274 shares of the company’s stock worth $436,000 after purchasing an additional 511 shares during the period. 98.69% of the stock is currently owned by institutional investors and hedge funds.
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.
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