Acadian Asset Management (NYSE:AAMI) Sets New 52-Week High – Here’s What Happened

Acadian Asset Management Inc. (NYSE:AAMI) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $77.20 and last traded at $76.1620, with a volume of 24093 shares changing hands. The stock had previously closed at $74.00.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AAMI shares. Morgan Stanley raised their price target on shares of Acadian Asset Management from $54.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Evercore set a $80.00 price target on shares of Acadian Asset Management in a report on Monday. Weiss Ratings lowered shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Zacks Research lowered shares of Acadian Asset Management from a “hold” rating to a “strong sell” rating in a report on Friday, June 5th. Finally, Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Acadian Asset Management has an average rating of “Hold” and an average target price of $68.67.

Acadian Asset Management Stock Performance

The firm has a fifty day simple moving average of $67.32 and a 200-day simple moving average of $56.49. The company has a market capitalization of $2.76 billion, a PE ratio of 32.97 and a beta of 1.32.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.05 earnings per share (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 company had revenue of $165.00 million for the quarter. As a group, research analysts anticipate that Acadian Asset Management Inc. will post 4.84 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, June 12th. This represents a $0.40 annualized dividend and a yield of 0.5%. Acadian Asset Management’s payout ratio is currently 17.02%.

Insider Transactions at Acadian Asset Management

In other Acadian Asset Management news, CAO Richard Jonathan Hart sold 100,000 shares of Acadian Asset Management stock in a transaction that occurred 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 sale, the chief accounting officer directly 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 22.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Acadian Asset Management

Several hedge funds and other institutional investors have recently bought and sold shares of AAMI. Tudor Investment Corp ET AL increased its holdings in shares of Acadian Asset Management by 42.6% in the 3rd quarter. Tudor Investment Corp ET AL now owns 225,579 shares of the company’s stock valued at $10,864,000 after acquiring an additional 67,385 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Acadian Asset Management by 105.9% in the 3rd quarter. Citigroup Inc. now owns 51,031 shares of the company’s stock valued at $2,458,000 after acquiring an additional 26,252 shares during the last quarter. GW&K Investment Management LLC bought a new stake in shares of Acadian Asset Management in the 3rd quarter valued at approximately $18,479,000. SG Americas Securities LLC increased its holdings in shares of 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 acquiring an additional 335,874 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in shares of Acadian Asset Management by 100.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 66,430 shares of the company’s stock valued at $3,199,000 after acquiring an additional 33,269 shares during the last quarter. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

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.