Acadian Asset Management (NYSE:AAMI) Sets New 1-Year High on Analyst Upgrade

Acadian Asset Management Inc. (NYSE:AAMI)’s share price reached a new 52-week high during trading on Wednesday after Morgan Stanley raised their price target on the stock from $50.00 to $54.00. Morgan Stanley currently has an equal weight rating on the stock. Acadian Asset Management traded as high as $57.15 and last traded at $58.0010, with a volume of 17939 shares. The stock had previously closed at $54.42.

AAMI has been the subject of a number of other research reports. Royal Bank Of Canada lifted their price target on Acadian Asset Management from $52.00 to $54.00 and gave the company a “sector perform” rating in a research report on Friday, February 6th. Weiss Ratings restated a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $53.33.

Insider Buying and Selling at Acadian Asset Management

In other Acadian Asset Management news, Director Barbara Trebbi sold 9,691 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total transaction of $496,373.02. Following the sale, the director owned 35,771 shares in the company, valued at $1,832,190.62. This trade represents a 21.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert J. Chersi sold 28,753 shares of Acadian Asset Management stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $51.30, for a total value of $1,475,028.90. Following the sale, the director directly 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 position. The disclosure for this sale is available in the SEC filing. 26.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Acadian Asset Management

Several institutional investors have recently modified their holdings of AAMI. Lido Advisors LLC raised its holdings in shares of Acadian Asset Management by 3.5% during the 4th quarter. Lido Advisors LLC now owns 8,922 shares of the company’s stock valued at $427,000 after buying an additional 298 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its stake in Acadian Asset Management by 3.2% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 14,508 shares of the company’s stock worth $682,000 after buying an additional 450 shares in the last quarter. Polymer Capital Management US LLC grew its position in Acadian Asset Management by 6.2% during the fourth quarter. Polymer Capital Management US LLC now owns 7,871 shares of the company’s stock valued at $370,000 after acquiring an additional 459 shares during the last quarter. State of Wyoming grew its position in Acadian Asset Management by 5.8% during the fourth quarter. State of Wyoming now owns 9,274 shares of the company’s stock valued at $436,000 after acquiring an additional 511 shares during the last quarter. Finally, Transamerica Financial Advisors LLC raised its stake in shares of Acadian Asset Management by 380.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock worth $38,000 after acquiring an additional 635 shares in the last quarter. 98.69% of the stock is currently owned by institutional investors.

Acadian Asset Management Price Performance

The stock has a market capitalization of $2.05 billion, a PE ratio of 25.92 and a beta of 1.32. The firm’s 50 day simple moving average is $52.91 and its 200 day simple moving average is $49.24.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings data on Friday, February 27th. The company reported $1.32 earnings per share (EPS) for the quarter. Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. The company had revenue of $169.70 million during the quarter. Analysts expect that Acadian Asset Management Inc. will post 2.78 earnings per share for the current fiscal year.

Acadian Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were given a dividend of $0.10 per share. The ex-dividend date was Friday, March 13th. This is a positive change from Acadian Asset Management’s previous quarterly dividend of $0.01. This represents a $0.40 annualized dividend and a yield of 0.7%. Acadian Asset Management’s dividend payout ratio (DPR) is currently 18.10%.

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.