Education
About Us
Working with TipRanks
Follow Us
Acadian Asset Management (AAMI)
NYSE:AAMI
Top Page
Acadian Asset Management
(NYSE:AAMI)
Select Model
Select Model
Rating:66Neutral
Price Target:
$50.00
â–²(4.91% Upside)
Acadian Asset Management's overall stock score reflects a mix of strengths and challenges. The most significant factors are the company's strong earnings call performance and positive technical indicators. However, financial performance concerns due to high leverage and weak cash flow, along with valuation considerations, moderate the overall score.
Positive Factors
Record AUM and Net Flows
Record AUM and strong net inflows indicate robust client trust and effective asset management strategies, supporting long-term growth.
Strong Investment Performance
Consistent outperformance of investment strategies enhances Acadian's reputation and client retention, driving sustainable revenue.
Strategic Financial Management
Strategic debt management improves balance sheet strength, providing flexibility for future investments and growth opportunities.
Negative Factors
High Leverage
Significant leverage poses financial risks, potentially limiting the company's ability to invest in growth and weather economic downturns.
Weak Cash Flow Generation
Weak cash flow generation limits financial flexibility and could hinder the company's ability to fund operations and strategic initiatives.
Decreased Net Income
Decreased net income due to rising expenses may impact profitability, challenging the firm's ability to sustain earnings growth.
Acadian Asset Management (AAMI) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.67B
Dividend Yield0.08%
Average Volume (3M)220.00K
Price to Earnings (P/E)19.8
Beta (1Y)1.26
Revenue Growth21.53%
EPS Growth42.18%
CountryUS
Employees383
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.76
Shares Outstanding35,709,120
10 Day Avg. Volume282,766
30 Day Avg. Volume219,997
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)49.74
Price to Sales (P/S)1.97
P/FCF Ratio21.67
Enterprise Value/Market Cap1.20
Enterprise Value/Revenue3.60
Enterprise Value/Gross Profit8.18
Enterprise Value/Ebitda10.92
Forecast
1Y Price Target
$50.00Price Target Upside4.91% Upside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)3.21
Revenue Forecast (FY)$592.92M
Acadian Asset Management Business Overview & Revenue Model
Company DescriptionAcadian Asset Management, Inc. is a holding company, which engages in the provision of asset management services. It operates through the Quant and Solutions segment. The Quant and Solutions segment involves leveraging data and technology in a computational, factor-based investment process across a range of asset classes and geographies, including Global, non-U.S., emerging markets, and managed volatility equities, as well as multi-asset products. The company was founded in 1980 and is headquartered in Boston, MA.
How the Company Makes MoneyAcadian Asset Management generates revenue primarily through management fees charged on the assets under management (AUM). These fees are typically calculated as a percentage of AUM and can vary depending on the type of investment strategy employed. Additionally, AAMI may earn performance fees based on the investment returns it generates for its clients, incentivizing the firm to achieve superior performance. The company also benefits from strategic partnerships and collaborations with other financial institutions, which can enhance its distribution capabilities and attract new clients. Other revenue streams may include advisory services and consulting, further diversifying its income sources.
Acadian Asset Management Earnings Call Summary
Earnings Call Date:Oct 30, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Jan 29, 2026
Earnings Call Sentiment Positive
The earnings call reflects a strong overall performance with record AUM, robust net flows, and significant financial growth. However, there are concerns regarding decreased net income, challenging market conditions for some strategies, and fee rate pressure.Q3-2025 Updates
Positive Updates
Record AUM and Strong Net Flows
AUM surged to $166.4 billion as of September 30, 2025, marking a record high. Positive net client cash flows of $6.4 billion in Q3 2025 were the second highest in the firm's history, representing 4% of beginning-period AUM.
Strong Financial Performance
Q3 2025 ENI diluted EPS was up 29%, and adjusted EBITDA was up 12% driven by significant growth in recurring base management fees and share repurchases.
Robust Global Distribution Platform
Acadian achieved $39 billion of gross sales in the first 9 months of 2025, surpassing the previous annual record of $21 billion in 2024. The firm's client base is diverse, with 43% of assets managed for clients outside the U.S.
Strong Investment Performance
As of September 30, 2025, 94% of Acadian strategies by revenue outperformed their respective benchmarks across 3-, 5-, and 10-year periods, with a 4.5% annualized return in excess of benchmark.
Negative Updates
Decreased Net Income and EPS
U.S. GAAP net income attributable to controlling interest was down 11%, and EPS was down 7% compared to prior year, due to increased operating expenses driven by increased noncash expenses.
Challenges in Market Environment
Crowding in lesser quality high beta stocks created a challenging environment for Acadian's fundamentally driven quality-oriented approach.
Pressure on Fee Rate
Fee rates faced downward pressure due to the traction in enhanced strategies, which have a lower fee rate compared to other products.
Company Guidance
During the third quarter of 2025, Acadian Asset Management Inc. reported a strong performance with a record-high AUM of $166.4 billion as of September 30, 2025, and net inflows of $6.4 billion, marking the second highest in the firm's history. The firm achieved an ENI diluted EPS of $0.76, reflecting a 29% increase, and an adjusted EBITDA growth of 12%, driven by significant growth in recurring base management fees and share repurchases. Despite a decline in GAAP net income and EPS due to increased operating expenses, the firm managed to expand its ENI operating margin to 33.2%, up from 31.7% in the previous year. Acadian's systematic investment strategies outperformed benchmarks across 3-, 5-, and 10-year periods, with 94% of strategies by revenue achieving outperformance. The company also announced the redemption of $275 million senior notes, to be funded by a new term loan, enhancing its balance sheet flexibility.Acadian Asset Management Financial Statement Overview
Summary
Acadian Asset Management shows solid revenue growth and profitability with strong cash flow generation. However, the high debt levels and low equity ratio present financial risks, indicating potential financial instability.Income Statement
Acadian Asset Management shows a steady revenue growth rate of 5.87% in the TTM, with a solid net profit margin of 16.28%. However, the gross profit margin has decreased compared to previous years, indicating potential cost pressures. The EBIT and EBITDA margins remain strong, reflecting efficient operations.68
Positive
Balance Sheet
The company has a high debt-to-equity ratio of 38.95, indicating significant leverage, which poses a risk. Return on equity is moderate at 10.86%, but the equity ratio is low, suggesting a reliance on debt financing. The balance sheet shows potential financial instability due to high leverage.55
Neutral
Cash Flow
Free cash flow has grown by 41.71% in the TTM, indicating strong cash generation. The operating cash flow to net income ratio is healthy, but the free cash flow to net income ratio suggests that cash flow is slightly less than net income, which is typical for asset management firms.45
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 559.30M | 505.60M | 426.60M | 417.20M | 523.80M | 499.50M |
| Gross Profit | 246.50M | 239.20M | 213.20M | 257.60M | 239.20M | 256.20M |
| EBITDA | 184.50M | 163.60M | 133.40M | 183.90M | 225.10M | 393.40M |
| Net Income | 87.80M | 85.00M | 65.80M | 100.60M | 828.40M | 286.70M |
Balance Sheet | ||||||
| Total Assets | 751.40M | 703.20M | 611.40M | 518.70M | 714.80M | 1.38B |
| Cash, Cash Equivalents and Short-Term Investments | 117.30M | 94.80M | 146.80M | 108.40M | 252.10M | 371.30M |
| Total Debt | 62.30M | 341.60M | 346.30M | 349.30M | 472.50M | 489.10M |
| Total Liabilities | 640.10M | 616.10M | 561.90M | 540.30M | 732.40M | 994.80M |
| Stockholders Equity | 20.40M | 20.00M | 40.20M | -21.60M | -17.60M | 302.40M |
Cash Flow | ||||||
| Free Cash Flow | -40.90M | 45.90M | 54.50M | 100.70M | -26.60M | 64.60M |
| Operating Cash Flow | -30.20M | 55.80M | 68.30M | 116.80M | -11.50M | 90.50M |
| Investing Cash Flow | -42.90M | -50.10M | -43.90M | -13.00M | 1.04B | 366.70M |
| Financing Cash Flow | 140.60M | -54.40M | 1.80M | -233.70M | -1.18B | -229.10M |
Acadian Asset Management Technical Analysis
Positive
47.66
Price Trends
45.86
Positive
46.38
Positive
38.36
Positive
Market Momentum
0.74
Negative
56.95
Neutral
53.20
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AAMI, the sentiment is Positive. The current price of 47.66 is above the 20-day moving average (MA) of 45.94, above the 50-day MA of 45.86, and above the 200-day MA of 38.36, indicating a bullish trend. The MACD of 0.74 indicates Negative momentum. The RSI at 56.95 is Neutral, neither overbought nor oversold. The STOCH value of 53.20 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AAMI.
Acadian Asset Management Risk Analysis
Acadian Asset Management disclosed 1 risk factors in its most recent earnings report. Acadian Asset Management reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Acadian Asset Management Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $2.06B | 10.67 | 11.91% | 9.42% | -6.44% | -1.18% | |
74 Outperform | $2.35B | 25.40 | 1.46% | 3.08% | 21.37% | 17.19% | |
71 Outperform | $1.66B | 18.45 | 25.27% | 0.99% | 12.05% | 120.13% | |
69 Neutral | $1.11B | 8.46 | 15.07% | 5.41% | -3.07% | 18.00% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $1.67B | 19.78 | 7024.00% | 0.08% | 21.53% | 42.18% | |
62 Neutral | $1.09B | 74.57 | 4.38% | 1.50% | 9.77% | 26.76% |
* Financial Sector Average
AAMI
Acadian Asset Management
47.66
19.67
70.28%
PX
P10 Holdings
9.83
-2.72
-21.67%
BBT
Beacon Financial Corporation
27.79
0.87
3.23%
VRTS
Virtus Investment Partners
163.16
-43.77
-21.15%
WT
WisdomTree
12.10
1.72
16.57%
TSLX
Sixth Street Specialty Lending
21.76
2.74
14.41%
Acadian Asset Management Corporate Events
Private Placements and FinancingBusiness Operations and Strategy
Acadian Asset Management Announces Redemption of Senior Notes
Neutral
Nov 25, 2025
On October 30, 2025, Acadian Asset Management Inc. announced the full redemption of its $275 million 4.800% Senior Notes due July 27, 2026. The redemption is set to occur on December 1, 2025, with a redemption price calculated based on the present values of the remaining scheduled payments plus accrued interest. This financial maneuver reflects the company’s strategic financial management and may impact stakeholders by altering the company’s debt profile.
Private Placements and FinancingBusiness Operations and StrategyFinancial Disclosures
Acadian Asset Management Secures New Credit Agreements
Positive
Oct 30, 2025
On October 28, 2025, Acadian Asset Management LLC entered into a Delayed Draw Term Loan Credit Agreement and a Revolving Credit Agreement to support the redemption of its 2026 Senior Notes. The redemption of the $275 million Senior Notes is expected to occur on December 1, 2025, and is part of Acadian’s strategy to strengthen its financial position. In the third quarter of 2025, Acadian reported net inflows of $6.4 billion, a record AUM of $166.4 billion, and record quarterly management fees of $136.1 million. Despite a slight decrease in U.S. GAAP earnings per share, the company saw a 29% increase in ENI earnings per share due to revenue growth and share repurchases. Acadian continues to focus on its growth strategy and maintaining a strong balance sheet.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.