Acadian Asset Management (NYSE:AAMI) Stock Bumped Up to Overweight by Morgan Stanley

Morgan Stanley upgraded shares of Acadian Asset Management (NYSE:AAMI) from an equal weight rating to an overweight rating in a research note issued to investors on Thursday, MarketBeat reports. They currently have $110.00 price objective on the stock, up from their prior price objective of $97.00.

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

Acadian Asset Management Stock Performance

Acadian Asset Management stock opened at $91.58 on Thursday. Acadian Asset Management has a 52 week low of $41.47 and a 52 week high of $98.52. The stock has a market capitalization of $3.25 billion, a P/E ratio of 26.86 and a beta of 1.29. The stock has a 50-day simple moving average of $92.30 and a 200 day simple moving average of $74.41.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.14. Acadian Asset Management had a return on equity of 139.70% and a net margin of 17.02%. The firm had revenue of $189.10 million for the quarter. Research analysts forecast that Acadian Asset Management will post 5.42 earnings per share for the current year.

Acadian Asset Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Friday, December 11th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, December 11th. This represents a $0.40 annualized dividend and a yield of 0.4%. Acadian Asset Management’s dividend payout ratio (DPR) is 11.73%.

Institutional Investors Weigh In On Acadian Asset Management

A number of institutional investors have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Acadian Asset Management in the second quarter valued at about $38,000. Integrated Wealth Concepts LLC bought a new position in Acadian Asset Management during the second quarter worth about $40,000. Allworth Financial LP bought a new position in Acadian Asset Management during the second quarter worth about $49,000. Farther Finance Advisors LLC raised its stake in Acadian Asset Management by 17.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 754 shares of the company’s stock worth $69,000 after purchasing an additional 112 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Acadian Asset Management in the 2nd quarter worth about $67,000. Institutional investors own 98.69% of the company’s stock.

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.