Acadian Asset Management (NYSE:AAMI) Sets New 12-Month High – What’s Next?

Acadian Asset Management Inc. (NYSE:AAMI)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $55.10 and last traded at $54.97, with a volume of 18169 shares trading hands. The stock had previously closed at $52.74.

Analyst Ratings Changes

A number of research analysts have commented on AAMI shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Zacks Research cut shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Evercore ISI set a $52.00 price target on Acadian Asset Management in a research note on Thursday, November 6th. Morgan Stanley upped their price target on shares of Acadian Asset Management from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Finally, Wall Street Zen upgraded shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $47.67.

Acadian Asset Management Price Performance

The stock has a market cap of $1.95 billion, a PE ratio of 23.00 and a beta of 1.31. The firm has a 50-day moving average of $46.68 and a 200-day moving average of $45.61.

Acadian Asset Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 12th were paid a $0.01 dividend. The ex-dividend date was Friday, December 12th. This represents a $0.04 annualized dividend and a yield of 0.1%. Acadian Asset Management’s payout ratio is presently 1.69%.

Institutional Investors Weigh In On Acadian Asset Management

Hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC increased its holdings in Acadian Asset Management by 37.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 289,038 shares of the company’s stock worth $13,365,000 after purchasing an additional 78,623 shares during the period. Ensign Peak Advisors Inc purchased a new stake in Acadian Asset Management in the second quarter worth about $439,000. AlphaQuest LLC purchased a new position in Acadian Asset Management during the 2nd quarter valued at about $431,000. Amalgamated Bank bought a new stake in shares of Acadian Asset Management in the 2nd quarter valued at about $270,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Acadian Asset Management in the 2nd quarter worth approximately $21,531,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

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.