Acadian Asset Management (NYSE:AAMI) Upgraded at Wall Street Zen

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

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

Acadian Asset Management Stock Performance

Shares of Acadian Asset Management stock opened at $51.36 on Friday. The firm has a market cap of $1.83 billion, a P/E ratio of 21.67 and a beta of 1.31. The firm’s 50-day simple moving average is $46.18 and its 200-day simple moving average is $45.13. Acadian Asset Management has a twelve month low of $22.60 and a twelve month high of $54.99.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Paulson & CO. Inc. acquired a new position in Acadian Asset Management during the 2nd quarter worth about $315,402,000. Jennison Associates LLC acquired a new position in shares of Acadian Asset Management during the second quarter worth approximately $73,690,000. Impax Asset Management Group plc acquired a new position in shares of Acadian Asset Management during the second quarter worth approximately $35,240,000. William Blair Investment Management LLC bought a new stake in shares of Acadian Asset Management during the second quarter valued at approximately $25,094,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Acadian Asset Management in the second quarter valued at approximately $22,116,000. 98.69% of the stock is owned by institutional investors.

About Acadian Asset Management

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.