Acadian Asset Management (NYSE:AAMI) Stock Rating Upgraded by Wall Street Zen

Acadian Asset Management (NYSE:AAMI) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

AAMI has been the topic of several other reports. Royal Bank Of Canada upped their price target on shares of Acadian Asset Management from $34.00 to $42.00 and gave the company a “sector perform” rating in a report on Friday. Evercore ISI cut their target price on shares of Acadian Asset Management from $25.00 to $23.00 and set an “in-line” rating on the stock in a research note on Friday, April 11th. Finally, Morgan Stanley increased their price target on shares of Acadian Asset Management from $27.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 2nd.

Acadian Asset Management Stock Performance

Shares of AAMI opened at $39.74 on Friday. The stock’s 50-day moving average is $35.09. The firm has a market capitalization of $1.42 billion, a PE ratio of 16.56 and a beta of 1.37. Acadian Asset Management has a 12 month low of $21.49 and a 12 month high of $42.63.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.12. The company had revenue of $124.90 million during the quarter, compared to the consensus estimate of $118.07 million. Acadian Asset Management had a net margin of 16.65% and a return on equity of 174.31%. As a group, analysts predict that Acadian Asset Management will post 2.78 EPS for the current year.

Institutional Investors Weigh In On Acadian Asset Management

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Jennison Associates LLC acquired a new stake in shares of Acadian Asset Management during the 2nd quarter valued at $73,690,000. Teacher Retirement System of Texas acquired a new position in shares of Acadian Asset Management in the 2nd quarter worth $2,209,000. Linden Thomas Advisory Services LLC acquired a new stake in shares of Acadian Asset Management during the second quarter worth $981,000. Kestrel Investment Management Corp purchased a new stake in shares of Acadian Asset Management during the second quarter valued at $2,304,000. Finally, AlphaQuest LLC acquired a new position in shares of Acadian Asset Management in the 2nd quarter valued at $431,000. 98.69% of the stock is owned by institutional investors and hedge funds.

Acadian Asset Management Company Profile

Acadian Asset Management Inc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.