Acadian Asset Management Inc. $AAMI Shares Sold by Horizon Investments LLC

Horizon Investments LLC trimmed its holdings in shares of Acadian Asset Management Inc. (NYSE:AAMI) by 36.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,994 shares of the company’s stock after selling 7,609 shares during the quarter. Horizon Investments LLC’s holdings in Acadian Asset Management were worth $611,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AAMI. JPMorgan Chase & Co. acquired a new stake in shares of Acadian Asset Management during the 2nd quarter worth about $6,964,000. American Century Companies Inc. acquired a new stake in shares of Acadian Asset Management during the 2nd quarter worth about $1,773,000. Russell Investments Group Ltd. acquired a new stake in shares of Acadian Asset Management during the 2nd quarter worth about $97,000. New York State Common Retirement Fund acquired a new stake in shares of Acadian Asset Management during the 2nd quarter worth about $299,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Acadian Asset Management during the 2nd quarter worth about $436,000. 98.69% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Acadian Asset Management

In other news, Director Robert J. Chersi sold 28,753 shares of the business’s stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $51.30, for a total transaction of $1,475,028.90. Following the completion of the transaction, the director directly owned 37,384 shares of the company’s stock, valued at approximately $1,917,799.20. The trade was a 43.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Richard Jonathan Hart sold 100,000 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $66.97, for a total value of $6,697,000.00. Following the transaction, the chief accounting officer directly owned 73,863 shares of the company’s stock, valued at approximately $4,946,605.11. This represents a 57.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 138,444 shares of company stock valued at $8,668,402. 26.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AAMI shares. Evercore set a $60.00 price objective on Acadian Asset Management in a research report on Friday, April 10th. Wall Street Zen raised Acadian Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Royal Bank Of Canada lifted their target price on Acadian Asset Management from $60.00 to $66.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. Finally, Morgan Stanley lifted their target price on Acadian Asset Management from $54.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $62.00.

Acadian Asset Management Price Performance

NYSE AAMI opened at $68.56 on Friday. The company has a market cap of $2.44 billion, a P/E ratio of 29.17 and a beta of 1.33. The stock has a 50-day moving average of $58.21 and a two-hundred day moving average of $52.18. Acadian Asset Management Inc. has a 1-year low of $28.98 and a 1-year high of $69.87.

Acadian Asset Management (NYSE:AAMI) last released its earnings results on Thursday, April 30th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.11. The company had revenue of $165.00 million during the quarter. Acadian Asset Management had a return on equity of 185.73% and a net margin of 13.78%. On average, analysts anticipate that Acadian Asset Management Inc. will post 4.84 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.6%. Acadian Asset Management’s payout ratio is currently 17.02%.

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.