GW&K Investment Management LLC Raises Stock Position in Acadian Asset Management Inc. $AAMI

GW&K Investment Management LLC boosted its holdings in Acadian Asset Management Inc. (NYSE:AAMI) by 7.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 413,093 shares of the company’s stock after buying an additional 29,386 shares during the period. GW&K Investment Management LLC owned 1.16% of Acadian Asset Management worth $19,415,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of AAMI. EverSource Wealth Advisors LLC purchased a new stake in Acadian Asset Management in the 2nd quarter worth $31,000. Raymond James Financial Inc. purchased a new stake in Acadian Asset Management in the 2nd quarter worth $61,000. WealthCollab LLC purchased a new stake in Acadian Asset Management in the 2nd quarter worth $65,000. Russell Investments Group Ltd. purchased a new stake in Acadian Asset Management in the 2nd quarter worth $97,000. Finally, Tower Research Capital LLC TRC purchased a new stake in Acadian Asset Management in the 2nd quarter worth $116,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Stock Down 1.4%

Shares of Acadian Asset Management stock opened at $76.25 on Thursday. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 32.45 and a beta of 1.32. The business has a 50-day moving average price of $67.80 and a 200-day moving average price of $56.72. Acadian Asset Management Inc. has a twelve month low of $30.98 and a twelve month high of $79.00.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. The firm had revenue of $165.00 million during the quarter. Acadian Asset Management had a return on equity of 185.73% and a net margin of 13.78%. On average, equities analysts expect that Acadian Asset Management Inc. will post 4.84 EPS for the current fiscal year.

Acadian Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Acadian Asset Management’s dividend payout ratio (DPR) is presently 17.02%.

Insider Activity at Acadian Asset Management

In related news, CAO Richard Jonathan Hart sold 100,000 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $66.97, for a total value of $6,697,000.00. Following the completion of the transaction, the chief accounting officer owned 73,863 shares of the company’s stock, valued at approximately $4,946,605.11. This trade represents a 57.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 22.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Evercore set a $80.00 price target on Acadian Asset Management in a research note on Monday. Weiss Ratings lowered Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $66.00 price target on shares of Acadian Asset Management in a research note on Wednesday, May 20th. Zacks Research lowered Acadian Asset Management from a “hold” rating to a “strong sell” rating in a research report on Friday, June 5th. Finally, Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Acadian Asset Management has a consensus rating of “Hold” and a consensus target price of $68.67.

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.