Acadian Asset Management Inc. (NYSE:AAMI) Given Average Rating of “Hold” by Brokerages

Shares of Acadian Asset Management Inc. (NYSE:AAMI) have been given an average recommendation of “Hold” by the five research firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $53.3333.

A number of analysts have commented on AAMI shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Acadian Asset Management in a research note on Monday, December 29th. Royal Bank Of Canada upped their price target on shares of Acadian Asset Management from $52.00 to $54.00 and gave the company a “sector perform” rating in a research report on Friday, February 6th. Wall Street Zen raised shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Morgan Stanley boosted their target price on shares of Acadian Asset Management from $50.00 to $54.00 and gave the company an “equal weight” rating in a research note on Wednesday.

Insider Buying and Selling at Acadian Asset Management

In related news, Director Robert J. Chersi sold 28,753 shares of the stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $51.30, for a total value of $1,475,028.90. Following the completion of the sale, the director directly owned 37,384 shares of the company’s stock, valued at approximately $1,917,799.20. This represents a 43.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Barbara Trebbi sold 9,691 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total value of $496,373.02. Following 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 26.00% of the stock is currently owned by insiders.

Institutional Trading of Acadian Asset Management

A number of hedge funds have recently made changes to their positions in AAMI. EverSource Wealth Advisors LLC acquired a new stake in shares of Acadian Asset Management during the second quarter worth approximately $31,000. Transamerica Financial Advisors LLC lifted its position in Acadian Asset Management by 380.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock worth $38,000 after buying an additional 635 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Acadian Asset Management during the 2nd quarter valued at $61,000. WealthCollab LLC purchased a new position in shares of Acadian Asset Management during the 2nd quarter valued at $65,000. Finally, Ameritas Investment Partners Inc. purchased a new position in shares of Acadian Asset Management during the 2nd quarter valued at $95,000. 98.69% of the stock is owned by hedge funds and other institutional investors.

Acadian Asset Management Stock Up 0.1%

Shares of Acadian Asset Management stock opened at $55.34 on Tuesday. The stock’s fifty day moving average is $52.94 and its 200-day moving average is $49.39. The firm has a market capitalization of $1.98 billion, a PE ratio of 25.04 and a beta of 1.26. Acadian Asset Management has a 12-month low of $22.60 and a 12-month high of $58.35.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings results on Friday, February 27th. The company reported $1.32 earnings per share for the quarter. The business had revenue of $169.70 million during the quarter. Acadian Asset Management had a return on equity of 165.86% and a net margin of 14.19%. Analysts expect that Acadian Asset Management will post 2.78 EPS for the current year.

Acadian Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a dividend of $0.10 per share. This is a positive change 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 0.7%. The ex-dividend date was Friday, March 13th. Acadian Asset Management’s dividend payout ratio is presently 18.10%.

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.