Acadian Asset Management (NYSE:AAMI) Cut to Hold at Wall Street Zen

Acadian Asset Management (NYSE:AAMI) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also commented on AAMI. Evercore ISI set a $52.00 price objective on shares of Acadian Asset Management in a research report on Thursday. Royal Bank Of Canada lifted their price target on Acadian Asset Management from $34.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Friday, August 1st. Morgan Stanley reissued a “positive” rating on shares of Acadian Asset Management in a report on Monday, October 6th. Weiss Ratings downgraded shares of Acadian Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. Finally, Zacks Research lowered shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Acadian Asset Management has an average rating of “Hold” and a consensus price target of $45.67.

Acadian Asset Management Trading Up 1.7%

Shares of Acadian Asset Management stock traded up $0.76 during trading on Friday, hitting $44.44. The stock had a trading volume of 264,957 shares, compared to its average volume of 250,511. Acadian Asset Management has a 12 month low of $22.60 and a 12 month high of $54.99. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 18.75 and a beta of 1.42. The business’s 50-day moving average is $47.14 and its 200 day moving average is $39.91.

Acadian Asset Management (NYSE:AAMI) last posted its earnings results on Thursday, October 30th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.73 by $0.03. Acadian Asset Management had a return on equity of 126.50% and a net margin of 15.70%. As a group, equities analysts expect that Acadian Asset Management will post 2.78 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Paulson & CO. Inc. purchased a new stake in Acadian Asset Management during the second quarter valued at $315,402,000. Jennison Associates LLC purchased a new position in shares of Acadian Asset Management during the 2nd quarter worth $73,690,000. Impax Asset Management Group plc purchased a new position in shares of Acadian Asset Management during the 2nd quarter worth $35,240,000. William Blair Investment Management LLC bought a new position in Acadian Asset Management in the 2nd quarter worth $25,094,000. Finally, Geode Capital Management LLC purchased a new position in Acadian Asset Management during the second quarter valued at $22,116,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

About Acadian Asset Management

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.