Analysts Set Acadian Asset Management Inc. (NYSE:AAMI) Target Price at $68.67

Shares of Acadian Asset Management Inc. (NYSE:AAMI) have earned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $68.6667.

Several analysts have issued reports on AAMI shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $66.00 target price on shares of Acadian Asset Management in a research note on Wednesday, May 20th. Morgan Stanley lifted their price target on shares of Acadian Asset Management from $54.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Wall Street Zen upgraded shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Zacks Research lowered shares of Acadian Asset Management from a “hold” rating to a “strong sell” rating in a report on Friday, June 5th. Finally, Weiss Ratings cut shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th.

Acadian Asset Management Stock Down 9.0%

NYSE AAMI opened at $75.27 on Friday. The stock’s 50-day simple moving average is $70.68 and its two-hundred day simple moving average is $58.19. Acadian Asset Management has a twelve month low of $31.37 and a twelve month high of $85.73. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of 32.03 and a beta of 1.32.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.05 earnings per share (EPS) for the quarter, topping 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 will post 4.84 earnings per share for the current fiscal year.

Acadian Asset Management Announces Dividend

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

Insider Activity at Acadian Asset Management

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

Hedge Funds Weigh In On Acadian Asset Management

Several institutional investors and hedge funds have recently bought and sold shares of AAMI. EverSource Wealth Advisors LLC purchased a new stake in shares of Acadian Asset Management during the second quarter valued at approximately $31,000. Transamerica Financial Advisors LLC increased its stake in shares of Acadian Asset Management by 380.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock worth $38,000 after buying an additional 635 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Acadian Asset Management in the second quarter worth $61,000. WealthCollab LLC bought a new stake in Acadian Asset Management during the 2nd quarter valued at $65,000. Finally, Russell Investments Group Ltd. purchased a new stake in Acadian Asset Management during the 2nd quarter valued at $97,000. 98.69% of the stock is currently owned by institutional investors.

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.