Acadian Asset Management (NYSE:AAMI) Upgraded by Zacks Research to “Hold” Rating

Zacks Research upgraded shares of Acadian Asset Management (NYSE:AAMI) from a strong sell rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a $66.00 target price on shares of Acadian Asset Management in a research note on Wednesday, May 20th. Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Weiss Ratings lowered Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Morgan Stanley lifted their price objective on Acadian Asset Management from $60.00 to $78.00 and gave the company an “equal weight” rating in a research report on Friday, June 26th. Finally, Evercore set a $80.00 target price on Acadian Asset Management in a research note on Monday, June 8th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Acadian Asset Management presently has a consensus rating of “Hold” and an average price target of $74.67.

Acadian Asset Management Price Performance

NYSE:AAMI opened at $71.62 on Monday. The stock has a market cap of $2.55 billion, a PE ratio of 30.48 and a beta of 1.32. Acadian Asset Management has a fifty-two week low of $34.93 and a fifty-two week high of $85.73. The stock’s 50-day moving average is $71.99 and its two-hundred day moving average is $59.68.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. The business had revenue of $165.00 million during the quarter. On average, equities research analysts anticipate that Acadian Asset Management will post 5.11 earnings per share for the current year.

Acadian Asset Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, June 12th. Acadian Asset Management’s payout ratio is presently 17.02%.

Insider Activity

In related news, CAO Richard Jonathan Hart sold 100,000 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $66.97, for a total value of $6,697,000.00. Following the completion of the sale, the chief accounting officer directly owned 73,863 shares in the company, valued at approximately $4,946,605.11. This represents a 57.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 22.60% of the company’s stock.

Institutional Trading of Acadian Asset Management

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC bought a new position in shares of Acadian Asset Management in the 2nd quarter valued at approximately $31,000. Transamerica Financial Advisors LLC grew its holdings in Acadian Asset Management by 380.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after purchasing an additional 635 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Acadian Asset Management during the second quarter valued at approximately $61,000. WealthCollab LLC bought a new position in shares of Acadian Asset Management in the second quarter valued at approximately $65,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Acadian Asset Management in the second quarter valued at approximately $97,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

Acadian Asset Management Company Profile

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.