Acadian Asset Management (NYSE:AAMI) Sets New 1-Year High on Analyst Upgrade

Acadian Asset Management Inc. (NYSE:AAMI)’s stock price reached a new 52-week high during mid-day trading on Wednesday after Morgan Stanley raised their price target on the stock from $50.00 to $54.00. Morgan Stanley currently has an equal weight rating on the stock. Acadian Asset Management traded as high as $57.15 and last traded at $58.0010, with a volume of 17939 shares traded. The stock had previously closed at $54.42.

AAMI has been the topic of a number of other research reports. Wall Street Zen raised Acadian Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Royal Bank Of Canada lifted their price objective on Acadian Asset Management from $52.00 to $54.00 and gave the stock a “sector perform” rating in a report on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Acadian Asset Management in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Acadian Asset Management currently has an average rating of “Hold” and a consensus target price of $53.33.

Insiders Place Their Bets

In other Acadian Asset Management news, Director Barbara Trebbi sold 9,691 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total transaction of $496,373.02. Following the sale, the director owned 35,771 shares in the company, valued at $1,832,190.62. This represents a 21.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert J. Chersi sold 28,753 shares of the stock in a transaction 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 in the company, valued at approximately $1,917,799.20. This represents a 43.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 26.00% of the company’s stock.

Institutional Trading of Acadian Asset Management

Institutional investors have recently added to or reduced their stakes in the stock. Lido Advisors LLC grew its holdings in Acadian Asset Management by 3.5% during the 4th quarter. Lido Advisors LLC now owns 8,922 shares of the company’s stock valued at $427,000 after buying an additional 298 shares in the last quarter. Susquehanna Fundamental Investments LLC lifted its holdings in shares of Acadian Asset Management by 3.2% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 14,508 shares of the company’s stock worth $682,000 after buying an additional 450 shares in the last quarter. Polymer Capital Management US LLC lifted its holdings in shares of Acadian Asset Management by 6.2% in the fourth quarter. Polymer Capital Management US LLC now owns 7,871 shares of the company’s stock worth $370,000 after buying an additional 459 shares in the last quarter. State of Wyoming boosted its position in shares of Acadian Asset Management by 5.8% in the fourth quarter. State of Wyoming now owns 9,274 shares of the company’s stock valued at $436,000 after acquiring an additional 511 shares during the period. Finally, Transamerica Financial Advisors LLC grew its stake in Acadian Asset Management by 380.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after acquiring an additional 635 shares in the last quarter. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Price Performance

The firm’s 50 day moving average is $52.91 and its 200 day moving average is $49.24. The company has a market cap of $2.05 billion, a PE ratio of 25.92 and a beta of 1.32.

Acadian Asset Management (NYSE:AAMI) last posted its earnings results on Friday, February 27th. The company reported $1.32 earnings per share (EPS) for the quarter. Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. The business had revenue of $169.70 million for the quarter. As a group, analysts anticipate that Acadian Asset Management Inc. will post 2.78 EPS for the current year.

Acadian Asset Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a dividend of $0.10 per share. This is a positive change from Acadian Asset Management’s previous quarterly dividend of $0.01. This represents a $0.40 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, March 13th. Acadian Asset Management’s dividend payout ratio is 18.10%.

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.