Acadian Asset Management Inc. (NYSE:AAMI) Receives Average Recommendation of “Hold” from Analysts

Shares of Acadian Asset Management Inc. (NYSE:AAMI) have been given an average rating of “Hold” by the five ratings firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $76.6667.

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Weiss Ratings cut Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Evercore set a $80.00 price objective on Acadian Asset Management in a report on Monday, June 8th. Morgan Stanley boosted their price objective on Acadian Asset Management from $60.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Friday, June 26th. Finally, Royal Bank Of Canada upped their target price on Acadian Asset Management from $66.00 to $72.00 and gave the stock a “sector perform” rating in a report on Thursday, July 2nd.

Acadian Asset Management Trading Down 1.3%

Shares of Acadian Asset Management stock opened at $77.26 on Thursday. The firm has a market capitalization of $2.75 billion, a PE ratio of 32.88 and a beta of 1.32. The firm’s 50 day moving average is $72.98 and its 200 day moving average is $60.84. Acadian Asset Management has a 1 year low of $37.54 and a 1 year high of $85.73.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.94 by $0.11. The business had revenue of $165.00 million during the quarter. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. As a group, research analysts anticipate that Acadian Asset Management will post 5.11 earnings per share for the current year.

Acadian Asset Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, June 12th. Acadian Asset Management’s payout ratio is 17.02%.

Insider Buying and Selling at Acadian Asset Management

In other news, CAO Richard Jonathan Hart sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $66.97, for a total value of $6,697,000.00. Following the completion of the transaction, the chief accounting officer owned 73,863 shares of the company’s stock, valued at $4,946,605.11. This represents a 57.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 22.60% of the company’s stock.

Institutional Investors Weigh In On Acadian Asset Management

A number of institutional investors have recently added to or reduced their stakes in AAMI. JPMorgan Chase & Co. acquired a new position in Acadian Asset Management in the 2nd quarter valued at approximately $6,964,000. American Century Companies Inc. acquired a new position in shares of Acadian Asset Management during the second quarter worth $1,773,000. Russell Investments Group Ltd. bought a new stake in shares of Acadian Asset Management in the second quarter worth $97,000. New York State Common Retirement Fund bought a new stake in shares of Acadian Asset Management in the second quarter worth $299,000. Finally, Quantbot Technologies LP bought a new stake in shares of Acadian Asset Management in the second quarter worth $436,000. 98.69% of the stock is owned by 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.