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

Shares of Acadian Asset Management Inc. (NYSE:AAMI) have earned an average recommendation of “Hold” from the five brokerages that are currently covering the stock, Marketbeat 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 1-year price objective among brokerages that have issued a report on the stock in the last year is $58.00.

A number of research firms recently commented on AAMI. Evercore set a $60.00 price objective on Acadian Asset Management in a report on Friday, April 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Acadian Asset Management in a report on Monday, December 29th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $60.00 price objective on shares of Acadian Asset Management in a report on Tuesday. Wall Street Zen cut Acadian Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Morgan Stanley upped their price objective on Acadian Asset Management from $50.00 to $54.00 and gave the company an “equal weight” rating in a report on Wednesday, April 1st.

Acadian Asset Management Stock Performance

AAMI opened at $67.67 on Friday. Acadian Asset Management has a one year low of $26.31 and a one year high of $69.87. The stock has a market capitalization of $2.42 billion, a PE ratio of 30.62 and a beta of 1.26. The business’s 50 day moving average price is $56.19 and its 200 day moving average price is $51.04.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings data on Friday, February 27th. The company reported $1.32 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 for the quarter. As a group, equities research analysts forecast that Acadian Asset Management will post 5.06 earnings per share for the current fiscal year.

Acadian Asset Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a $0.10 dividend. This is a boost 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 0.6%. The ex-dividend date was Friday, March 13th. Acadian Asset Management’s payout ratio is currently 18.10%.

Insider Buying and Selling

In related news, Director Barbara Trebbi sold 9,691 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was 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 in the company, valued at approximately $1,832,190.62. This represents a 21.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Robert J. Chersi sold 28,753 shares of the business’s stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $51.30, for a total value of $1,475,028.90. Following the completion of the sale, the director directly owned 37,384 shares in the company, valued at approximately $1,917,799.20. The trade was a 43.47% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 26.00% of the company’s stock.

Institutional Trading of Acadian Asset Management

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC purchased a new stake in Acadian Asset Management in the second quarter valued at approximately $31,000. Transamerica Financial Advisors LLC raised its position in Acadian Asset Management by 380.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after purchasing an additional 635 shares during the period. Raymond James Financial Inc. purchased a new stake in Acadian Asset Management in the second quarter valued at approximately $61,000. WealthCollab LLC purchased a new stake in Acadian Asset Management in the second quarter valued at approximately $65,000. Finally, Russell Investments Group Ltd. purchased a new stake in Acadian Asset Management in the second quarter valued at approximately $97,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

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.