Acadian Asset Management (NYSE:AAMI) Director Sells $1,475,028.90 in Stock

Acadian Asset Management Inc. (NYSE:AAMI) Director Robert Chersi sold 28,753 shares of the firm’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 transaction, the director directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Acadian Asset Management Stock Up 0.5%

AAMI traded up $0.29 during trading hours on Thursday, hitting $52.21. 284,058 shares of the company’s stock were exchanged, compared to its average volume of 264,547. Acadian Asset Management Inc. has a 1-year low of $22.60 and a 1-year high of $56.46. The stock’s 50-day moving average is $50.59 and its two-hundred day moving average is $47.73. The stock has a market cap of $1.86 billion, a price-to-earnings ratio of 23.62 and a beta of 1.31.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings results on Thursday, February 5th. The company reported $1.32 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.06). The business 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%. On average, equities research analysts anticipate that Acadian Asset Management Inc. will post 2.78 EPS for the current year.

Acadian Asset Management Increases Dividend

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

Hedge Funds Weigh In On Acadian Asset Management

A number of hedge funds have recently bought and sold shares of AAMI. EverSource Wealth Advisors LLC acquired a new position in shares of Acadian Asset Management during the 2nd quarter worth approximately $31,000. CWM LLC bought a new stake in shares of Acadian Asset Management in the second quarter valued at approximately $55,000. Blue Trust Inc. bought a new stake in shares of Acadian Asset Management in the second quarter valued at approximately $57,000. Raymond James Financial Inc. acquired a new stake in Acadian Asset Management during the second quarter worth approximately $61,000. Finally, WealthCollab LLC bought a new position in Acadian Asset Management during the 2nd quarter worth $65,000. 98.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Royal Bank Of Canada boosted their price target on Acadian Asset Management from $52.00 to $54.00 and gave the stock a “sector perform” rating in a research report on Friday, February 6th. Evercore set a $52.00 target price on Acadian Asset Management in a report on Thursday, November 6th. Weiss Ratings restated a “buy (b)” rating on shares of Acadian Asset Management in a research note on Monday, December 29th. Morgan Stanley lifted their price objective 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. Finally, Wall Street Zen upgraded shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a 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 stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $52.00.

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.