Acadian Asset Management (NYSE:AAMI) Reaches New 12-Month High After Strong Earnings

Acadian Asset Management Inc. (NYSE:AAMI)’s share price hit a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $86.43 and last traded at $82.38, with a volume of 93749 shares traded. The stock had previously closed at $80.83.

The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.30. Acadian Asset Management had a return on equity of 185.73% and a net margin of 13.78%.The company had revenue of $183.20 million during the quarter.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AAMI shares. Morgan Stanley set a $81.00 target price on shares of Acadian Asset Management in a research note on Wednesday. Zacks Research raised Acadian Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. Royal Bank Of Canada lifted their price target on Acadian Asset Management from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 2nd. Weiss Ratings lowered shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Acadian Asset Management has an average rating of “Moderate Buy” and a consensus price target of $79.00.

Insider Activity

In related news, CAO Richard Jonathan Hart sold 100,000 shares of the firm’s 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 sale, the chief accounting officer directly owned 73,863 shares of the company’s stock, valued at $4,946,605.11. This trade represents a 57.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 22.60% of the company’s stock.

Institutional Investors Weigh In On Acadian Asset Management

Institutional investors and hedge funds have recently made changes to their positions in the business. Transamerica Financial Advisors LLC grew its stake in shares of Acadian Asset Management by 380.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after buying an additional 635 shares during the period. EverSource Wealth Advisors LLC acquired a new position in shares of Acadian Asset Management during the second quarter valued at about $31,000. Raymond James Financial Inc. bought a new stake in shares of Acadian Asset Management during the second quarter worth about $61,000. WealthCollab LLC acquired a new stake in shares of Acadian Asset Management in the 2nd quarter worth about $65,000. Finally, Kestra Advisory Services LLC bought a new stake in Acadian Asset Management during the 4th quarter worth approximately $119,000. Institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Price Performance

The company has a fifty day moving average of $76.86 and a 200-day moving average of $64.38. The firm has a market cap of $2.92 billion, a P/E ratio of 35.29 and a beta of 1.32.

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.