Y Intercept Hong Kong Ltd Raises Stock Holdings in Acadian Asset Management Inc. $AAMI

Y Intercept Hong Kong Ltd grew its position in Acadian Asset Management Inc. (NYSE:AAMI) by 70.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,931 shares of the company’s stock after acquiring an additional 9,480 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.06% of Acadian Asset Management worth $1,248,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Transamerica Financial Advisors LLC raised its position in Acadian Asset Management by 380.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after purchasing an additional 635 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in Acadian Asset Management during the 2nd quarter worth $31,000. Raymond James Financial Inc. purchased a new position in Acadian Asset Management during the 2nd quarter worth $61,000. WealthCollab LLC acquired a new position in Acadian Asset Management in the second quarter valued at $65,000. Finally, Kestra Advisory Services LLC acquired a new position in Acadian Asset Management in the fourth quarter valued at $119,000. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Acadian Asset Management

In other news, CAO Richard Jonathan Hart sold 100,000 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $66.97, for a total transaction of $6,697,000.00. Following the completion of the sale, the chief accounting officer directly owned 73,863 shares of the company’s stock, valued at $4,946,605.11. The trade was a 57.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 22.60% of the stock is currently owned by company insiders.

Acadian Asset Management Stock Performance

NYSE AAMI traded up $1.15 during mid-day trading on Friday, reaching $81.53. 419,605 shares of the stock were exchanged, compared to its average volume of 628,463. The stock has a market capitalization of $2.90 billion, a PE ratio of 34.69 and a beta of 1.32. Acadian Asset Management Inc. has a 1-year low of $38.38 and a 1-year high of $85.73. The business’s fifty day simple moving average is $73.57 and its 200 day simple moving average is $61.22.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. The company had revenue of $165.00 million during the quarter. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. On average, analysts anticipate that Acadian Asset Management Inc. will post 5.11 EPS for the current year.

Acadian Asset Management Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. Acadian Asset Management’s dividend payout ratio (DPR) is currently 17.02%.

Analysts Set New Price Targets

AAMI has been the subject of several recent research reports. Royal Bank Of Canada increased their target price on shares of Acadian Asset Management from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 2nd. Wall Street Zen upgraded shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Evercore set a $84.00 target price on shares of Acadian Asset Management in a report on Friday. Zacks Research upgraded shares of Acadian Asset Management from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, Morgan Stanley boosted their price target on shares of Acadian Asset Management from $60.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Friday, June 26th. One research 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, Acadian Asset Management currently has an average rating of “Hold” and an average target price of $78.00.

Acadian Asset Management 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.