Allspring Global Investments Holdings LLC Purchases 79,126 Shares of Acadian Asset Management Inc. $AAMI

Allspring Global Investments Holdings LLC boosted its holdings in Acadian Asset Management Inc. (NYSE:AAMI) by 27.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 368,164 shares of the company’s stock after acquiring an additional 79,126 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Acadian Asset Management were worth $17,444,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Paulson & CO. Inc. bought a new position in shares of Acadian Asset Management in the second quarter valued at $315,402,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Acadian Asset Management in the 2nd quarter worth about $21,531,000. Jacobs Levy Equity Management Inc. bought a new position in Acadian Asset Management in the 3rd quarter valued at about $20,059,000. Soros Fund Management LLC bought a new position in Acadian Asset Management in the 2nd quarter valued at about $14,645,000. Finally, GW&K Investment Management LLC acquired a new position in Acadian Asset Management during the 3rd quarter valued at about $18,479,000. Institutional investors own 98.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Morgan Stanley increased their price objective on Acadian Asset Management from $50.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Wall Street Zen raised Acadian Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Royal Bank Of Canada raised 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. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Acadian Asset Management currently has an average rating of “Hold” and an average target price of $53.33.

Acadian Asset Management Price Performance

NYSE AAMI opened at $55.34 on Friday. The business’s fifty day moving average is $52.94 and its 200-day moving average is $49.39. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 25.04 and a beta of 1.26. Acadian Asset Management Inc. has a one year low of $22.60 and a one year high of $58.35.

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

Acadian Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, March 13th. This is an increase from Acadian Asset Management’s previous quarterly dividend of $0.01. Acadian Asset Management’s dividend payout ratio (DPR) is 18.10%.

Insider Activity at Acadian Asset Management

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

Acadian Asset Management 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.