Acadian Asset Management Inc. (NYSE:AAMI) Given Consensus Recommendation of “Hold” by Analysts

Acadian Asset Management Inc. (NYSE:AAMI) has earned an average recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $78.00.

A number of brokerages have issued reports on AAMI. Weiss Ratings cut shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Evercore set a $84.00 price objective on Acadian Asset Management in a report on Friday, July 10th. Zacks Research raised Acadian Asset Management from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Finally, Morgan Stanley raised their price objective on shares of Acadian Asset Management from $60.00 to $78.00 and gave the company an “equal weight” rating in a research report on Friday, June 26th.

Insider Transactions at Acadian Asset Management

In other news, CAO Richard Jonathan Hart sold 100,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief accounting officer directly owned 73,863 shares in the company, valued at approximately $4,946,605.11. The trade was a 57.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 22.60% of the company’s stock.

Institutional Trading of Acadian Asset Management

Several hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new position in shares of Acadian Asset Management during the second quarter valued at about $6,964,000. American Century Companies Inc. purchased a new stake in Acadian Asset Management during the 2nd quarter valued at about $1,773,000. Russell Investments Group Ltd. bought a new position in Acadian Asset Management during the 2nd quarter worth approximately $97,000. New York State Common Retirement Fund purchased a new position in Acadian Asset Management in the 2nd quarter worth approximately $299,000. Finally, Quantbot Technologies LP bought a new stake in Acadian Asset Management in the second quarter valued at approximately $436,000. 98.69% of the stock is owned by institutional investors.

Acadian Asset Management Stock Up 3.1%

AAMI opened at $83.14 on Thursday. The company has a market capitalization of $2.96 billion, a price-to-earnings ratio of 35.38 and a beta of 1.32. The firm has a 50-day moving average price of $74.35 and a 200-day moving average price of $61.99. Acadian Asset Management has a twelve month low of $38.47 and a twelve month high of $85.73.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings results on Thursday, April 30th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. The company had revenue of $165.00 million for the quarter. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. On average, sell-side analysts expect that Acadian Asset Management will post 5.11 earnings per share for the current fiscal year.

Acadian Asset Management Dividend Announcement

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

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.