Acadian Asset Management (NYSE:AAMI) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Acadian Asset Management (NYSE:AAMI) from a buy rating to a strong-buy rating in a report released on Sunday morning.

AAMI has been the subject of a number of other reports. Evercore set a $60.00 price target on Acadian Asset Management in a report on Friday, April 10th. Morgan Stanley increased their price objective on shares of Acadian Asset Management from $54.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Finally, Royal Bank Of Canada boosted their target price on shares of Acadian Asset Management from $60.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $62.00.

Acadian Asset Management Price Performance

Shares of AAMI opened at $68.56 on Friday. The company has a market capitalization of $2.44 billion, a P/E ratio of 29.17 and a beta of 1.33. Acadian Asset Management has a one year low of $28.98 and a one year high of $69.87. The business’s 50 day simple moving average is $58.21 and its 200-day simple moving average is $52.18.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.11. The firm had revenue of $165.00 million during the quarter. Acadian Asset Management had a return on equity of 185.73% and a net margin of 13.78%. On average, sell-side analysts anticipate that Acadian Asset Management will post 4.84 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, June 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.6%. Acadian Asset Management’s payout ratio is presently 17.02%.

Insider Activity

In other Acadian Asset Management news, CAO Richard Jonathan Hart sold 100,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief accounting officer directly owned 73,863 shares of the company’s stock, valued at approximately $4,946,605.11. The trade was a 57.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert J. Chersi sold 28,753 shares of the company’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $51.30, for a total transaction of $1,475,028.90. Following the transaction, the director owned 37,384 shares in the company, valued at approximately $1,917,799.20. The trade was a 43.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 138,444 shares of company stock valued at $8,668,402 over the last 90 days. 22.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Acadian Asset Management

Institutional investors and hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC acquired a new position in Acadian Asset Management in the second quarter valued at approximately $31,000. Transamerica Financial Advisors LLC grew its holdings in Acadian Asset Management by 380.2% during 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. bought a new stake in shares of Acadian Asset Management during the 2nd quarter valued at $61,000. WealthCollab LLC bought a new stake in shares of Acadian Asset Management during the 2nd quarter valued at $65,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Acadian Asset Management in the 2nd quarter valued at $97,000. 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.