Acadian Asset Management (NYSE:AAMI) Sets New 1-Year High – Here’s Why

Acadian Asset Management Inc. (NYSE:AAMI) shares reached a new 52-week high on Thursday . The company traded as high as $55.10 and last traded at $54.97, with a volume of 18169 shares trading hands. The stock had previously closed at $52.74.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Wall Street Zen raised Acadian Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Weiss Ratings restated a “buy (b)” rating on shares of Acadian Asset Management in a research note on Monday, December 29th. Evercore ISI set a $52.00 price target on shares of Acadian Asset Management in a research report on Thursday, November 6th. Zacks Research downgraded shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Morgan Stanley raised their price target on Acadian Asset Management from $46.00 to $49.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.67.

Acadian Asset Management Stock Up 3.3%

The firm has a market capitalization of $1.95 billion, a PE ratio of 23.00 and a beta of 1.31. The company has a 50-day moving average of $46.68 and a 200 day moving average of $45.61.

Acadian Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 12th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. Acadian Asset Management’s dividend payout ratio (DPR) is 1.69%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC bought a new position in Acadian Asset Management during the 2nd quarter worth approximately $25,000. Illinois Municipal Retirement Fund boosted its stake in shares of Acadian Asset Management by 5.4% during the third quarter. Illinois Municipal Retirement Fund now owns 15,435 shares of the company’s stock valued at $743,000 after purchasing an additional 794 shares during the period. EverSource Wealth Advisors LLC purchased a new position in shares of Acadian Asset Management in the second quarter worth $31,000. Lido Advisors LLC raised its holdings in Acadian Asset Management by 12.8% during the 3rd quarter. Lido Advisors LLC now owns 8,624 shares of the company’s stock valued at $415,000 after buying an additional 976 shares during the last quarter. Finally, GAMMA Investing LLC purchased a new stake in Acadian Asset Management during the 2nd quarter valued at $37,000. 98.69% of the stock is 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.