Acadian Asset Management (NYSE:AAMI) Stock Price Expected to Rise, Morgan Stanley Analyst Says

by · The Cerbat Gem

Acadian Asset Management (NYSE:AAMI – Get Free Report) had its target price lifted by research analysts at Morgan Stanley from $60.00 to $78.00 in a report released on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 8.89% from the stock’s current price.

A number of other analysts have also commented on AAMI. Wall Street Zen upgraded shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $66.00 price objective on shares of Acadian Asset Management in a report on Wednesday, May 20th. Weiss Ratings downgraded shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Evercore set a $80.00 target price on shares of Acadian Asset Management in a report on Monday, June 8th. Finally, Zacks Research cut shares of Acadian Asset Management from a “hold” rating to a “strong sell” rating in a research report on Friday, June 5th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $74.67.

Get Our Latest Analysis on AAMI

Acadian Asset Management Price Performance

Shares of Acadian Asset Management stock opened at $71.63 on Friday. Acadian Asset Management has a one year low of $34.34 and a one year high of $85.73. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 30.47 and a beta of 1.32. The business has a 50-day simple moving average of $71.69 and a 200 day simple moving average of $59.15.

Acadian Asset Management (NYSE:AAMI – Get Free Report) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.11. Acadian Asset Management had a return on equity of 185.73% and a net margin of 13.78%.The business had revenue of $165.00 million for the quarter. On average, sell-side analysts expect that Acadian Asset Management will post 4.84 EPS for the current year.

Insider Transactions at Acadian Asset Management

In other Acadian Asset Management news, CAO Richard Jonathan Hart sold 100,000 shares of the stock in a transaction dated 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 owned 73,863 shares in the company, valued at approximately $4,946,605.11. This trade represents a 57.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 22.60% of the company’s stock.

Hedge Funds Weigh In On Acadian Asset Management

Several institutional investors have recently modified their holdings of AAMI. Jennison Associates LLC lifted its holdings in Acadian Asset Management by 5.9% during the first quarter. Jennison Associates LLC now owns 2,022,207 shares of the company’s stock worth $110,049,000 after acquiring an additional 112,985 shares during the period. State Street Corp grew its stake in Acadian Asset Management by 0.5% in the 4th quarter. State Street Corp now owns 1,206,244 shares of the company’s stock valued at $56,693,000 after purchasing an additional 5,541 shares during the period. Impax Asset Management Group plc increased its position in shares of Acadian Asset Management by 10.4% during the 4th quarter. Impax Asset Management Group plc now owns 845,451 shares of the company’s stock valued at $39,736,000 after purchasing an additional 79,967 shares during the last quarter. Soros Fund Management LLC increased its position in shares of Acadian Asset Management by 61.3% during the 4th quarter. Soros Fund Management LLC now owns 737,367 shares of the company’s stock valued at $34,656,000 after purchasing an additional 280,239 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Acadian Asset Management by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 685,272 shares of the company’s stock worth $32,212,000 after purchasing an additional 29,082 shares during the period. 98.69% of the stock is owned by institutional investors.

Acadian Asset Management Company Profile

(Get Free Report)

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.

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