Acadian Asset Management (NYSE:AAMI) Hits New 52-Week High – Should You Buy?

Shares of Acadian Asset Management Inc. (NYSE:AAMI) hit a new 52-week high on Tuesday . The stock traded as high as $63.45 and last traded at $63.2290, with a volume of 323271 shares traded. The stock had previously closed at $61.93.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AAMI. Wall Street Zen downgraded Acadian Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, April 11th. Royal Bank Of Canada upped their price target on shares of Acadian Asset Management from $52.00 to $54.00 and gave the stock 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. Morgan Stanley upped their price target on shares of Acadian Asset Management from $50.00 to $54.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 1st. Finally, Evercore set a $60.00 price target on shares of Acadian Asset Management in a research report on Friday, April 10th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Acadian Asset Management has a consensus rating of “Hold” and a consensus target price of $56.00.

Acadian Asset Management Stock Performance

The company has a 50 day moving average of $54.00 and a 200 day moving average of $50.09. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 30.15 and a beta of 1.26.

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

Acadian Asset Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, March 13th. This is a positive change from Acadian Asset Management’s previous quarterly dividend of $0.01. Acadian Asset Management’s payout ratio is currently 18.10%.

Insider Transactions at Acadian Asset Management

In other Acadian Asset Management news, Director Robert J. Chersi sold 28,753 shares of the stock in a transaction dated 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 sale, the director owned 37,384 shares in the company, valued at approximately $1,917,799.20. This represents a 43.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barbara Trebbi sold 9,691 shares of the stock in a transaction dated 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 approximately $1,832,190.62. The trade was a 21.32% decrease in their position. The disclosure for this sale is available in the SEC filing. 26.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Acadian Asset Management

A number of hedge funds have recently bought and sold shares of AAMI. JPMorgan Chase & Co. acquired a new stake in shares of Acadian Asset Management in the 2nd quarter worth $6,964,000. American Century Companies Inc. acquired a new stake in shares of Acadian Asset Management in the 2nd quarter worth $1,773,000. Russell Investments Group Ltd. acquired a new stake in shares of Acadian Asset Management in the 2nd quarter worth $97,000. New York State Common Retirement Fund acquired a new stake in shares of Acadian Asset Management in the 2nd quarter worth $299,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Acadian Asset Management in the 2nd quarter worth $436,000. Institutional investors and hedge funds 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.