Envestnet Asset Management Inc. Makes New Investment in Acadian Asset Management Inc. $AAMI

Envestnet Asset Management Inc. acquired a new position in shares of Acadian Asset Management Inc. (NYSE:AAMI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 42,186 shares of the company’s stock, valued at approximately $2,032,000.

A number of other hedge funds and other institutional investors have also modified their holdings of AAMI. EverSource Wealth Advisors LLC bought a new stake in Acadian Asset Management during the second quarter worth about $31,000. CWM LLC bought a new stake in shares of Acadian Asset Management during the 2nd quarter worth approximately $55,000. Raymond James Financial Inc. acquired a new stake in shares of Acadian Asset Management in the 2nd quarter valued at approximately $61,000. WealthCollab LLC acquired a new stake in shares of Acadian Asset Management in the 2nd quarter valued at approximately $65,000. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Acadian Asset Management in the second quarter valued at $95,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

Insider Activity at Acadian Asset Management

In related news, Director Barbara Trebbi sold 9,691 shares of the business’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total value of $496,373.02. Following the completion of the sale, the director directly owned 35,771 shares in the company, valued at $1,832,190.62. The trade was a 21.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert J. Chersi sold 28,753 shares of the company’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $51.30, for a total value of $1,475,028.90. Following the completion of the transaction, the director directly owned 37,384 shares in the company, valued at approximately $1,917,799.20. This represents a 43.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 26.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on AAMI. Wall Street Zen raised shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Royal Bank Of Canada boosted their price objective on shares of Acadian Asset Management from $52.00 to $54.00 and gave the stock a “sector perform” rating in a research note on Friday, February 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Acadian Asset Management in a research note on Monday, December 29th. Morgan Stanley lifted their price target on Acadian Asset Management from $49.00 to $50.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. Finally, Evercore set a $52.00 price objective on Acadian Asset Management in a research note on Thursday, November 6th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Acadian Asset Management presently has an average rating of “Hold” and a consensus price target of $52.00.

Acadian Asset Management Stock Performance

NYSE AAMI opened at $53.93 on Friday. The stock has a market cap of $1.93 billion, a PE ratio of 24.40 and a beta of 1.31. The firm has a 50-day moving average of $52.02 and a 200-day moving average of $48.61. Acadian Asset Management Inc. has a 52-week low of $22.60 and a 52-week high of $57.03.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings results on Thursday, February 5th. The company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.06). The company had revenue of $169.70 million during the quarter. Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. As a group, analysts predict that Acadian Asset Management Inc. will post 2.78 EPS for the current fiscal year.

Acadian Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th 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 0.7%. This is an increase from Acadian Asset Management’s previous quarterly dividend of $0.01. The ex-dividend date is Friday, March 13th. Acadian Asset Management’s dividend payout ratio is 1.81%.

Acadian Asset Management 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.