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

Acadian Asset Management (NYSE:AAMI) had its price objective lifted by research analysts at Morgan Stanley from $50.00 to $54.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential downside of 0.57% from the stock’s current price.

Several other equities research analysts have also commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Acadian Asset Management in a research note on Monday, December 29th. Royal Bank Of Canada lifted their target price on Acadian Asset Management from $52.00 to $54.00 and gave the company a “sector perform” rating in a research report on Friday, February 6th. Finally, Wall Street Zen raised Acadian Asset Management from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $53.33.

Acadian Asset Management Trading Up 3.9%

Shares of NYSE AAMI opened at $54.31 on Wednesday. The firm has a 50 day moving average of $52.91 and a 200 day moving average of $49.24. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 24.58 and a beta of 1.32. Acadian Asset Management has a 12-month low of $22.60 and a 12-month high of $57.03.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings results on Friday, February 27th. The company reported $1.32 earnings per share for the quarter. The business had revenue of $169.70 million for the quarter. Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. Sell-side analysts predict that Acadian Asset Management will post 2.78 EPS for the current year.

Insider Activity at Acadian Asset Management

In other news, Director Barbara Trebbi sold 9,691 shares of Acadian Asset Management stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $51.22, for a total transaction of $496,373.02. Following the sale, the director owned 35,771 shares in the company, valued at $1,832,190.62. This trade represents a 21.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert J. Chersi sold 28,753 shares of the business’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $51.30, for a total transaction of $1,475,028.90. Following the completion of the transaction, the director directly owned 37,384 shares in the company, valued at $1,917,799.20. This trade represents a 43.47% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 26.00% of the company’s stock.

Institutional Trading of Acadian Asset Management

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC purchased a new stake in Acadian Asset Management in the 2nd quarter worth $31,000. Transamerica Financial Advisors LLC grew its position in shares of Acadian Asset Management by 380.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after purchasing an additional 635 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Acadian Asset Management during the second quarter valued at about $61,000. WealthCollab LLC bought a new stake in shares of Acadian Asset Management in the second quarter worth about $65,000. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Acadian Asset Management in the second quarter worth about $95,000. 98.69% of the stock is currently owned by institutional investors.

Acadian Asset Management Company Profile

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.