SG Americas Securities LLC Boosts Stock Holdings in Acadian Asset Management Inc. $AAMI

SG Americas Securities LLC grew its stake in shares of Acadian Asset Management Inc. (NYSE:AAMI) by 67.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 603,683 shares of the company’s stock after buying an additional 244,070 shares during the quarter. SG Americas Securities LLC owned 1.69% of Acadian Asset Management worth $32,852,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. EverSource Wealth Advisors LLC purchased a new position in Acadian Asset Management in the 2nd quarter worth approximately $31,000. Transamerica Financial Advisors LLC lifted its position in Acadian Asset Management by 380.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after purchasing an additional 635 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Acadian Asset Management during the second quarter valued at approximately $61,000. WealthCollab LLC purchased a new stake in shares of Acadian Asset Management during the second quarter valued at approximately $65,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Acadian Asset Management in the second quarter worth approximately $97,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Insiders Place Their Bets

In other Acadian Asset Management news, CAO Richard Jonathan Hart sold 100,000 shares of the stock in a transaction on 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 completion of the transaction, the chief accounting officer owned 73,863 shares in the company, valued at approximately $4,946,605.11. This represents a 57.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 22.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Weiss Ratings downgraded shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $66.00 price target on shares of Acadian Asset Management in a report on Wednesday, May 20th. Evercore set a $80.00 price objective on shares of Acadian Asset Management in a research report on Monday, June 8th. Finally, Zacks Research downgraded shares of Acadian Asset Management from a “hold” rating to a “strong sell” rating in a research note on Friday, June 5th. One research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $68.67.

Acadian Asset Management Price Performance

Shares of AAMI opened at $72.99 on Wednesday. The company has a 50-day simple moving average of $71.46 and a two-hundred day simple moving average of $58.82. The firm has a market capitalization of $2.60 billion, a PE ratio of 31.06 and a beta of 1.32. Acadian Asset Management Inc. has a one year low of $32.66 and a one year high of $85.73.

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

Acadian Asset Management Dividend Announcement

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

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.