Acadian Asset Management (NYSE:AAMI) Price Target Raised to $43.00

Acadian Asset Management (NYSE:AAMI) had its target price increased by analysts at Morgan Stanley from $40.00 to $43.00 in a report issued on Monday, Marketbeat Ratings reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential downside of 5.49% from the stock’s previous close.

Several other brokerages have also weighed in on AAMI. Royal Bank Of Canada increased their price objective on Acadian Asset Management from $34.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Acadian Asset Management in a research note on Saturday, September 27th. Evercore ISI restated a “positive” rating on shares of Acadian Asset Management in a research report on Friday, September 5th. Finally, Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 2nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Acadian Asset Management currently has an average rating of “Moderate Buy” and an average price target of $44.33.

Acadian Asset Management Stock Down 1.6%

Shares of Acadian Asset Management stock traded down $0.74 during mid-day trading on Monday, reaching $45.50. 10,649 shares of the stock traded hands, compared to its average volume of 259,301. The business has a 50-day moving average of $46.86 and a 200 day moving average of $36.38. Acadian Asset Management has a fifty-two week low of $22.60 and a fifty-two week high of $51.65. The stock has a market capitalization of $1.63 billion, a PE ratio of 18.96 and a beta of 1.39.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.12. Acadian Asset Management had a net margin of 16.65% and a return on equity of 174.31%. The firm had revenue of $124.90 million for the quarter, compared to analyst estimates of $118.07 million. On average, equities research analysts expect that Acadian Asset Management will post 2.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Paulson & CO. Inc. acquired a new stake in shares of Acadian Asset Management during the second quarter worth $315,402,000. Jennison Associates LLC purchased a new stake in Acadian Asset Management in the 2nd quarter valued at about $73,690,000. Impax Asset Management Group plc acquired a new position in shares of Acadian Asset Management during the 2nd quarter valued at about $35,240,000. William Blair Investment Management LLC purchased a new position in shares of Acadian Asset Management during the 2nd quarter worth about $25,094,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Acadian Asset Management in the second quarter worth approximately $22,116,000. 98.69% of the stock is currently 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.