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

Wall Street Zen downgraded shares of Acadian Asset Management (NYSE:AAMI) from a buy rating to a hold rating in a report released on Sunday morning.

Several other brokerages also recently commented on AAMI. Evercore ISI set a $52.00 target price on Acadian Asset Management in a report on Thursday, November 6th. Morgan Stanley boosted their price objective on Acadian Asset Management from $46.00 to $49.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Zacks Research cut shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $47.67.

Acadian Asset Management Stock Performance

Acadian Asset Management stock opened at $54.00 on Friday. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 22.78 and a beta of 1.31. Acadian Asset Management has a 1 year low of $22.60 and a 1 year high of $55.10. The firm’s 50 day moving average price is $47.48 and its two-hundred day moving average price is $46.17.

Acadian Asset Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 12th were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, December 12th. Acadian Asset Management’s dividend payout ratio is presently 1.69%.

Institutional Investors Weigh In On Acadian Asset Management

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Paulson & CO. Inc. bought a new stake in shares of Acadian Asset Management during the 2nd quarter worth $315,402,000. Jennison Associates LLC acquired a new position in Acadian Asset Management during the 2nd quarter worth $73,690,000. Impax Asset Management Group plc bought a new stake in Acadian Asset Management during the second quarter valued at about $35,240,000. William Blair Investment Management LLC bought a new stake in Acadian Asset Management during the second quarter valued at about $25,094,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Acadian Asset Management in the second quarter valued at about $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 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.