Acadian Asset Management Inc. (NYSE:AAMI) Receives Consensus Rating of “Hold” from Brokerages

Acadian Asset Management Inc. (NYSE:AAMI) has been given a consensus recommendation of “Hold” by the five brokerages that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $62.00.

Several brokerages have recently weighed in on AAMI. Royal Bank Of Canada raised their price target on Acadian Asset Management from $60.00 to $66.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Morgan Stanley lifted their price objective on Acadian Asset Management from $54.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Weiss Ratings downgraded Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, Evercore set a $60.00 price objective on Acadian Asset Management in a report on Friday, April 10th.

Acadian Asset Management Price Performance

Shares of NYSE:AAMI opened at $68.15 on Wednesday. Acadian Asset Management has a 1-year low of $28.98 and a 1-year high of $73.10. The business has a fifty day moving average price of $60.71 and a 200-day moving average price of $53.40. The company has a market capitalization of $2.43 billion, a PE ratio of 29.00 and a beta of 1.33.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly 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. Acadian Asset Management had a return on equity of 185.73% and a net margin of 13.78%.The firm had revenue of $165.00 million during the quarter. On average, sell-side analysts anticipate that Acadian Asset Management will post 4.84 earnings per share for the current fiscal year.

Acadian Asset Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, June 12th. Acadian Asset Management’s dividend payout ratio (DPR) is presently 17.02%.

Insider Buying and Selling

In related news, CAO Richard Jonathan Hart sold 100,000 shares of Acadian Asset Management 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 completion of the sale, the chief accounting officer directly owned 73,863 shares in the company, valued at approximately $4,946,605.11. This trade represents a 57.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 22.60% of the company’s stock.

Institutional Investors Weigh In On Acadian Asset Management

Large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC purchased a new position in Acadian Asset Management in the second quarter worth about $31,000. Transamerica Financial Advisors LLC boosted its position in Acadian Asset Management by 380.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock worth $38,000 after purchasing an additional 635 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Acadian Asset Management in the second quarter worth about $61,000. WealthCollab LLC purchased a new position in Acadian Asset Management in the second quarter worth about $65,000. Finally, Russell Investments Group Ltd. purchased a new position in Acadian Asset Management in the second quarter worth about $97,000. 98.69% of the stock is currently owned by institutional investors.

About Acadian Asset Management

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.