Horizon Investments LLC Decreases Stock Holdings in Acadian Asset Management Inc. $AAMI

Horizon Investments LLC decreased its holdings in shares of Acadian Asset Management Inc. (NYSE:AAMI) by 36.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,994 shares of the company’s stock after selling 7,609 shares during the period. Horizon Investments LLC’s holdings in Acadian Asset Management were worth $611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Federated Hermes Inc. lifted its position in shares of Acadian Asset Management by 18.0% during the 3rd quarter. Federated Hermes Inc. now owns 342,621 shares of the company’s stock valued at $16,501,000 after buying an additional 52,298 shares in the last quarter. Citigroup Inc. lifted its position in shares of Acadian Asset Management by 105.9% during the 3rd quarter. Citigroup Inc. now owns 51,031 shares of the company’s stock valued at $2,458,000 after buying an additional 26,252 shares in the last quarter. Tudor Investment Corp ET AL lifted its position in shares of Acadian Asset Management by 42.6% during the 3rd quarter. Tudor Investment Corp ET AL now owns 225,579 shares of the company’s stock valued at $10,864,000 after buying an additional 67,385 shares in the last quarter. GW&K Investment Management LLC purchased a new position in shares of Acadian Asset Management during the 3rd quarter valued at approximately $18,479,000. Finally, SG Americas Securities LLC lifted its holdings in Acadian Asset Management by 1,414.9% in the 4th quarter. SG Americas Securities LLC now owns 359,613 shares of the company’s stock valued at $16,902,000 after purchasing an additional 335,874 shares in the last quarter. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Insider Transactions at Acadian Asset Management

In other news, CAO Richard Jonathan Hart sold 100,000 shares of Acadian Asset Management stock in a transaction on Monday, May 4th. The stock was sold at an average price of $66.97, for a total transaction of $6,697,000.00. Following the transaction, the chief accounting officer owned 73,863 shares in the company, valued at $4,946,605.11. The trade was a 57.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert J. Chersi sold 28,753 shares of Acadian Asset Management 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 transaction, 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. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 138,444 shares of company stock worth $8,668,402 in the last quarter. Company insiders own 26.00% of the company’s stock.

Acadian Asset Management Stock Performance

Shares of AAMI stock opened at $68.56 on Friday. The stock’s fifty day moving average is $58.21 and its two-hundred day moving average is $52.18. The firm has a market capitalization of $2.44 billion, a P/E ratio of 29.17 and a beta of 1.33. Acadian Asset Management Inc. has a fifty-two week low of $28.98 and a fifty-two week high of $69.87.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.94 by $0.11. Acadian Asset Management had a return on equity of 185.73% and a net margin of 13.78%.The business had revenue of $165.00 million for the quarter. On average, equities analysts forecast that Acadian Asset Management Inc. will post 4.84 earnings per share for the current year.

Acadian Asset Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, June 12th. Acadian Asset Management’s payout ratio is currently 17.02%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AAMI. Morgan Stanley raised their price objective on Acadian Asset Management from $54.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Royal Bank Of Canada raised their price objective on Acadian Asset Management from $60.00 to $66.00 and gave the company a “sector perform” rating in a report on Friday, May 1st. Wall Street Zen upgraded Acadian Asset Management from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Evercore set a $60.00 price objective on Acadian Asset Management in a report on Friday, April 10th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Acadian Asset Management currently has a consensus rating of “Hold” and an average price target of $62.00.

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.