Public Sector Pension Investment Board Has $4.98 Million Stake in Acadian Asset Management Inc. $AAMI

Public Sector Pension Investment Board trimmed its position in shares of Acadian Asset Management Inc. (NYSE:AAMI) by 9.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,369 shares of the company’s stock after selling 11,171 shares during the period. Public Sector Pension Investment Board’s holdings in Acadian Asset Management were worth $4,978,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. EverSource Wealth Advisors LLC acquired a new position in shares of Acadian Asset Management during the 2nd quarter worth about $31,000. CWM LLC bought a new position in Acadian Asset Management in the 2nd quarter worth approximately $55,000. Raymond James Financial Inc. bought a new position in Acadian Asset Management in the 2nd quarter worth approximately $61,000. WealthCollab LLC acquired a new position in shares of Acadian Asset Management during the second quarter worth approximately $65,000. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Acadian Asset Management in the second quarter valued at approximately $95,000. 98.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on AAMI. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Evercore set a $52.00 price objective on shares of Acadian Asset Management in a report on Thursday, November 6th. Wall Street Zen upgraded shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. 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 research report on Tuesday, February 3rd. Finally, Royal Bank Of Canada upped their price target on Acadian Asset Management from $52.00 to $54.00 and gave the company a “sector perform” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Acadian Asset Management presently has an average rating of “Hold” and an average target price of $52.00.

Acadian Asset Management Stock Up 0.1%

NYSE AAMI opened at $52.77 on Friday. Acadian Asset Management Inc. has a twelve month low of $22.60 and a twelve month high of $56.46. The stock has a market cap of $1.88 billion, a P/E ratio of 23.88 and a beta of 1.31. The company’s 50-day simple moving average is $51.20 and its 200 day simple moving average is $48.18.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings results on Thursday, February 5th. The company reported $1.32 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 business had revenue of $169.70 million for the quarter. Research analysts anticipate that Acadian Asset Management Inc. will post 2.78 earnings per share for the current year.

Acadian Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.40 annualized dividend and a yield of 0.8%. This is a positive change from Acadian Asset Management’s previous quarterly dividend of $0.01. Acadian Asset Management’s payout ratio is presently 1.81%.

Insiders Place Their Bets

In other Acadian Asset Management news, 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 transaction of $1,475,028.90. Following the completion of the transaction, the director directly owned 37,384 shares in the company, valued at $1,917,799.20. This represents a 43.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Barbara Trebbi sold 9,691 shares of Acadian Asset Management stock in a transaction on Tuesday, February 10th. The shares were 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. The trade was a 21.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 26.00% of the company’s stock.

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.