Acadian Asset Management (NYSE:AAMI) Hits New 12-Month High – Should You Buy?

Acadian Asset Management Inc. (NYSE:AAMI) hit a new 52-week high on Wednesday . The company traded as high as $92.67 and last traded at $91.9090, with a volume of 493076 shares trading hands. The stock had previously closed at $89.78.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AAMI. Evercore set a $84.00 price objective on shares of Acadian Asset Management in a report on Friday, July 10th. Royal Bank Of Canada raised their target price on shares of Acadian Asset Management from $72.00 to $80.00 and gave the company a “sector perform” rating in a research note on Friday. Morgan Stanley set a $81.00 price target on shares of Acadian Asset Management in a research report on Wednesday, July 29th. Zacks Research raised shares of Acadian Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings lowered shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $81.67.

Acadian Asset Management Trading Up 2.4%

The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 32.48 and a beta of 1.30. The firm has a 50-day moving average price of $78.07 and a 200-day moving average price of $65.39.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.30. The company had revenue of $183.20 million for the quarter. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%. Equities research analysts predict that Acadian Asset Management Inc. will post 5.07 EPS for the current fiscal year.

Acadian Asset Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, September 11th. Acadian Asset Management’s payout ratio is presently 14.13%.

Institutional Investors Weigh In On Acadian Asset Management

Several hedge funds and other institutional investors have recently bought and sold shares of AAMI. Summit Global Investments bought a new position in shares of Acadian Asset Management during the 2nd quarter valued at about $1,209,000. Walleye Capital LLC acquired a new position in shares of Acadian Asset Management in the 2nd quarter worth approximately $5,906,000. World Equity Group Inc. acquired a new position in shares of Acadian Asset Management in the 2nd quarter worth approximately $701,000. Bank of America Corp DE raised its holdings in shares of Acadian Asset Management by 36.8% in the 1st quarter. Bank of America Corp DE now owns 137,218 shares of the company’s stock worth $7,467,000 after purchasing an additional 36,912 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Acadian Asset Management by 1,471.1% in the 1st quarter. Janus Henderson Group PLC now owns 195,337 shares of the company’s stock worth $10,630,000 after purchasing an additional 182,904 shares in the last quarter. 98.69% of the stock is currently owned by institutional investors.

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.