Acadian Asset Management (NYSE:AAMI) Reaches New 12-Month High – Here’s What Happened

Shares of Acadian Asset Management Inc. (NYSE:AAMI) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $60.24 and last traded at $59.0150, with a volume of 23445 shares changing hands. The stock had previously closed at $56.27.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AAMI. Royal Bank Of Canada lifted their price target on shares of Acadian Asset Management from $52.00 to $54.00 and gave the company a “sector perform” rating in a research report on Friday, February 6th. Morgan Stanley lifted their price target on shares of Acadian Asset Management from $50.00 to $54.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. One investment 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, the company presently has an average rating of “Hold” and a consensus price target of $53.33.

Acadian Asset Management Stock Performance

The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 28.00 and a beta of 1.26. The company has a 50-day moving average of $53.17 and a 200-day moving average of $49.64.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings data on Friday, February 27th. The company reported $1.32 earnings per share (EPS) for the quarter. Acadian Asset Management had a return on equity of 165.86% and a net margin of 14.19%.The firm had revenue of $169.70 million during the quarter. As a group, analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were given a dividend of $0.10 per share. The ex-dividend date was Friday, March 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. This is an increase from Acadian Asset Management’s previous quarterly dividend of $0.01. Acadian Asset Management’s payout ratio is presently 18.10%.

Insider Activity at Acadian Asset Management

In related news, Director Barbara Trebbi sold 9,691 shares of Acadian Asset Management 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 completion of the transaction, the director directly owned 35,771 shares in the company, valued at $1,832,190.62. The trade was a 21.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Robert J. Chersi sold 28,753 shares of Acadian Asset Management stock in a transaction that occurred 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 of the company’s stock, valued at $1,917,799.20. This represents a 43.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 26.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. EverSource Wealth Advisors LLC acquired a new position in shares of Acadian Asset Management during the 2nd quarter worth approximately $31,000. Transamerica Financial Advisors LLC grew its stake in Acadian Asset Management by 380.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock worth $38,000 after acquiring an additional 635 shares during the period. Raymond James Financial Inc. purchased a new stake in Acadian Asset Management in the 2nd quarter worth approximately $61,000. WealthCollab LLC purchased a new stake in Acadian Asset Management in the 2nd quarter worth approximately $65,000. Finally, Russell Investments Group Ltd. purchased a new stake in Acadian Asset Management in the 2nd quarter worth approximately $97,000. 98.69% of the stock is currently owned by institutional investors and hedge funds.

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.