Envestnet Asset Management Inc. Makes New Investment in Acadian Asset Management Inc. $AAMI

Envestnet Asset Management Inc. bought a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 42,186 shares of the company’s stock, valued at approximately $2,032,000. Envestnet Asset Management Inc. owned about 0.12% of Acadian Asset Management as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in AAMI. EverSource Wealth Advisors LLC acquired a new stake in shares of Acadian Asset Management during the second quarter worth $31,000. CWM LLC acquired a new position in shares of Acadian Asset Management during the 2nd quarter worth about $55,000. Raymond James Financial Inc. bought a new stake in shares of Acadian Asset Management in the 2nd quarter valued at about $61,000. WealthCollab LLC bought a new stake in shares of Acadian Asset Management in the 2nd quarter valued at about $65,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Acadian Asset Management in the 2nd quarter valued at approximately $95,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

Acadian Asset Management Stock Down 3.3%

Shares of NYSE:AAMI opened at $53.93 on Friday. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 24.40 and a beta of 1.31. Acadian Asset Management Inc. has a 12 month low of $22.60 and a 12 month high of $57.03. The company’s fifty day simple moving average is $52.02 and its 200 day simple moving average is $48.61.

Acadian Asset Management (NYSE:AAMI) last released its earnings results on Thursday, February 5th. The company reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.06). Acadian Asset Management had a return on equity of 165.86% and a net margin of 14.19%.The firm had revenue of $169.70 million for the quarter. Research analysts expect that Acadian Asset Management Inc. will post 2.78 earnings per share for the current fiscal year.

Acadian Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, March 13th. This is a boost from Acadian Asset Management’s previous quarterly dividend of $0.01. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%. Acadian Asset Management’s dividend payout ratio is 1.81%.

Insider Buying and Selling

In related news, Director Robert J. Chersi sold 28,753 shares of Acadian Asset Management stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $51.30, for a total value of $1,475,028.90. Following the sale, the director owned 37,384 shares of the company’s stock, valued at approximately $1,917,799.20. This trade represents a 43.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Barbara Trebbi sold 9,691 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total value of $496,373.02. Following the transaction, the director directly owned 35,771 shares of the company’s stock, valued at approximately $1,832,190.62. This trade represents a 21.32% decrease in their position. The SEC filing for this sale provides additional information. 26.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AAMI has been the subject of several recent analyst reports. Wall Street Zen raised shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Evercore set a $52.00 price target on shares of Acadian Asset Management in a report on Thursday, November 6th. Royal Bank Of Canada raised their price objective on Acadian Asset Management from $52.00 to $54.00 and gave the stock a “sector perform” rating in a research note on Friday, February 6th. Morgan Stanley lifted their target price on Acadian Asset Management from $49.00 to $50.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Acadian Asset Management in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $52.00.

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.