383,707 Shares in Acadian Asset Management Inc. $AAMI Bought by GW&K Investment Management LLC

GW&K Investment Management LLC bought a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 383,707 shares of the company’s stock, valued at approximately $18,479,000. GW&K Investment Management LLC owned about 1.07% of Acadian Asset Management as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC acquired a new stake in Acadian Asset Management during the 2nd quarter worth about $31,000. Raymond James Financial Inc. purchased a new position in shares of Acadian Asset Management in the second quarter worth approximately $61,000. WealthCollab LLC acquired a new stake in shares of Acadian Asset Management during the second quarter valued at approximately $65,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Acadian Asset Management in the 2nd quarter valued at approximately $95,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Acadian Asset Management in the 2nd quarter valued at approximately $97,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on AAMI. Weiss Ratings reiterated a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Morgan Stanley lifted their price target on Acadian Asset Management from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Tuesday, February 3rd. Royal Bank Of Canada increased their price objective on 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. Wall Street Zen upgraded Acadian Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Finally, Evercore set a $52.00 target price 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 data from MarketBeat, Acadian Asset Management currently has an average rating of “Hold” and an average target price of $52.00.

Insider Buying and Selling

In related news, Director Robert J. Chersi sold 28,753 shares of the firm’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $51.30, for a total transaction of $1,475,028.90. Following the transaction, the director owned 37,384 shares of the company’s stock, valued at approximately $1,917,799.20. This trade represents a 43.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Barbara Trebbi sold 9,691 shares of Acadian Asset Management stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $51.22, for a total transaction of $496,373.02. Following the completion of the sale, the director owned 35,771 shares of the company’s stock, valued at $1,832,190.62. This trade represents a 21.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 26.00% of the company’s stock.

Acadian Asset Management Trading Down 2.1%

NYSE AAMI opened at $53.51 on Friday. Acadian Asset Management Inc. has a 1-year low of $22.60 and a 1-year high of $57.03. The firm’s fifty day simple moving average is $52.48 and its 200-day simple moving average is $48.79. The company has a market capitalization of $1.91 billion, a PE ratio of 24.21 and a beta of 1.32.

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

Acadian Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a $0.10 dividend. This is an increase from Acadian Asset Management’s previous quarterly dividend of $0.01. This represents a $0.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, March 13th. Acadian Asset Management’s dividend payout ratio is currently 1.81%.

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.