Acadian Asset Management (NYSE:AAMI) Upgraded to “Overweight” at Morgan Stanley

Acadian Asset Management (NYSE:AAMI) was upgraded by analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage presently has a $110.00 price target on the stock. Morgan Stanley‘s price target suggests a potential upside of 20.33% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Wall Street Zen upgraded shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 31st. Zacks Research downgraded Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Royal Bank Of Canada lifted their price target on Acadian Asset Management from $85.00 to $88.00 and gave the company a “sector perform” rating in a research note on Friday, October 30th. Weiss Ratings raised Acadian Asset Management from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Finally, Evercore set a $102.00 price objective on Acadian Asset Management in a research note on Friday, October 9th. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $100.00.

Acadian Asset Management Trading Up 4.0%

NYSE AAMI opened at $91.41 on Thursday. The company has a fifty day simple moving average of $92.39 and a 200 day simple moving average of $74.23. Acadian Asset Management has a 12-month low of $41.47 and a 12-month high of $98.52. The company has a market cap of $3.24 billion, a P/E ratio of 26.81 and a beta of 1.29.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings results on Thursday, October 29th. The company reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.14. Acadian Asset Management had a net margin of 17.02% and a return on equity of 139.70%. The business had revenue of $189.10 million during the quarter. Sell-side analysts predict that Acadian Asset Management will post 5.42 EPS for the current year.

Hedge Funds Weigh In On Acadian Asset Management

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio purchased a new stake in Acadian Asset Management during the second quarter worth about $38,000. Integrated Wealth Concepts LLC bought a new stake in Acadian Asset Management in the second quarter worth about $40,000. Allworth Financial LP purchased a new position in Acadian Asset Management in the second quarter valued at about $49,000. Quantbot Technologies LP purchased a new position in Acadian Asset Management in the second quarter valued at about $67,000. Finally, Farther Finance Advisors LLC boosted its stake in Acadian Asset Management by 17.4% in the third quarter. Farther Finance Advisors LLC now owns 754 shares of the company’s stock valued at $69,000 after acquiring an additional 112 shares during the last quarter. 98.69% of the stock is owned by hedge funds and other institutional investors.

Acadian Asset Management Company Profile

Acadian Asset Management Inc (NYSE:AAMI) is a global investment management firm specializing in systematic, research-driven investment strategies. The company uses quantitative analysis, data science and technology to evaluate investment opportunities and manage portfolios across global markets.

Its offerings include strategies in global and international equities, emerging markets, fixed income, multi-asset investing and alternative investments. Acadian also provides customized portfolio solutions and related investment management services for institutional clients, including pension plans, endowments, foundations, insurers, sovereign investors and wealth management organizations.

Founded in 1986, Acadian is headquartered in Boston and serves clients internationally through offices and operations in major financial centers, including London, Singapore and Sydney.