Brokerages Set Acadian Asset Management Inc. (NYSE:AAMI) Price Target at $52.00

Acadian Asset Management Inc. (NYSE:AAMI) has earned a consensus recommendation of “Hold” from the five analysts that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $52.00.

A number of equities research analysts have recently issued reports on AAMI shares. Weiss Ratings reissued a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Evercore set a $52.00 price target on Acadian Asset Management in a report on Thursday, November 6th. Morgan Stanley upped their price target on Acadian Asset Management from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 3rd. Wall Street Zen raised Acadian Asset Management from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Royal Bank Of Canada boosted their price objective on Acadian Asset Management from $52.00 to $54.00 and gave the company a “sector perform” rating in a research note on Friday, February 6th.

Insiders Place Their Bets

In related news, Director Robert J. Chersi sold 28,753 shares of Acadian Asset Management stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $51.30, for a total transaction of $1,475,028.90. Following the transaction, the director owned 37,384 shares in the company, valued at approximately $1,917,799.20. The trade was a 43.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barbara Trebbi sold 9,691 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total value of $496,373.02. Following the completion of the sale, the director owned 35,771 shares of the company’s stock, valued at $1,832,190.62. The trade was a 21.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 26.00% of the company’s stock.

Hedge Funds Weigh In On Acadian Asset Management

Several large investors have recently made changes to their positions in the business. KLP Kapitalforvaltning AS bought a new position in shares of Acadian Asset Management in the second quarter worth about $635,000. Maryland State Retirement & Pension System purchased a new position in Acadian Asset Management in the 2nd quarter worth approximately $278,000. Blue Trust Inc. bought a new position in Acadian Asset Management in the 2nd quarter worth approximately $57,000. CWM LLC bought a new position in Acadian Asset Management in the 2nd quarter worth approximately $55,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Acadian Asset Management during the 2nd quarter valued at approximately $7,512,000. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

Acadian Asset Management Stock Down 0.8%

Shares of NYSE:AAMI opened at $51.87 on Monday. The stock has a market capitalization of $1.85 billion, a PE ratio of 23.47 and a beta of 1.31. The firm’s 50 day moving average price is $50.81 and its 200-day moving average price is $47.84. Acadian Asset Management has a twelve month low of $22.60 and a twelve month high of $56.46.

Acadian Asset Management (NYSE:AAMI) last announced its earnings results on Thursday, February 5th. The company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.06). Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. The business had revenue of $169.70 million for the quarter. Analysts expect that Acadian Asset Management will post 2.78 earnings per share for the current fiscal year.

Acadian Asset Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a $0.10 dividend. The ex-dividend date is Friday, March 13th. This is an increase from Acadian Asset Management’s previous quarterly dividend of $0.01. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. Acadian Asset Management’s dividend payout ratio (DPR) is currently 18.10%.

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.