Principal Financial Group Inc. Has $7.39 Million Stock Position in Acadian Asset Management Inc. $AAMI

Principal Financial Group Inc. lifted its position in shares of Acadian Asset Management Inc. (NYSE:AAMI) by 15.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 153,462 shares of the company’s stock after acquiring an additional 20,210 shares during the quarter. Principal Financial Group Inc.’s holdings in Acadian Asset Management were worth $7,391,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new stake in Acadian Asset Management during the 2nd quarter worth about $31,000. CWM LLC acquired a new stake in shares of Acadian Asset Management during the 2nd quarter worth approximately $55,000. Blue Trust Inc. bought a new stake in shares of Acadian Asset Management during the second quarter worth approximately $57,000. Raymond James Financial Inc. acquired a new position in Acadian Asset Management in the second quarter valued at approximately $61,000. Finally, WealthCollab LLC bought a new position in Acadian Asset Management in the second quarter valued at approximately $65,000. Institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Stock Performance

Shares of AAMI stock opened at $51.87 on Friday. The company has a market capitalization of $1.85 billion, a P/E ratio of 23.47 and a beta of 1.31. Acadian Asset Management Inc. has a 52 week low of $22.60 and a 52 week high of $56.46. The company’s 50 day moving average price is $50.81 and its two-hundred day moving average price is $47.84.

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

Acadian Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a dividend of $0.10 per share. This is an increase from Acadian Asset Management’s previous quarterly dividend of $0.01. This represents a $0.40 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, March 13th. Acadian Asset Management’s payout ratio is currently 18.10%.

Analysts Set New Price Targets

A number of brokerages recently commented on AAMI. Wall Street Zen raised Acadian Asset Management from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Acadian Asset Management in a research note on Monday, December 29th. Evercore set a $52.00 price objective on shares of Acadian Asset Management in a research note on Thursday, November 6th. Royal Bank Of Canada upped their target price on shares of Acadian Asset Management from $52.00 to $54.00 and gave the company a “sector perform” rating in a research note on Friday, February 6th. Finally, Morgan Stanley lifted their price target on shares of Acadian Asset Management from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 3rd. One 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, Acadian Asset Management has a consensus rating of “Hold” and an average price target of $52.00.

Insider Buying and Selling

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

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.