Acadian Asset Management Inc. (NYSE:AAMI) Given Average Rating of “Hold” by Brokerages

Acadian Asset Management Inc. (NYSE:AAMI) has received an average recommendation of “Hold” from the five ratings firms that are covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $52.00.

AAMI has been the topic of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Acadian Asset Management in a research note on Monday, December 29th. Wall Street Zen raised shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Royal Bank Of Canada lifted their target price on shares of Acadian Asset Management from $52.00 to $54.00 and gave the stock a “sector perform” rating in a research note on Friday, February 6th. Finally, Morgan Stanley boosted their target price 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.

Acadian Asset Management Price Performance

Acadian Asset Management stock opened at $52.19 on Tuesday. The stock has a market capitalization of $1.86 billion, a price-to-earnings ratio of 23.61 and a beta of 1.32. Acadian Asset Management has a 1-year low of $22.60 and a 1-year high of $57.03. The business has a fifty day moving average price of $52.90 and a 200-day moving average price of $49.20.

Acadian Asset Management (NYSE:AAMI) last announced its earnings results 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 company had revenue of $169.70 million for the quarter. On average, equities research analysts anticipate that Acadian Asset Management will post 2.78 earnings per share for the current fiscal year.

Acadian Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, March 13th. This is an increase from Acadian Asset Management’s previous quarterly dividend of $0.01. This represents a $0.40 annualized dividend and a dividend yield of 0.8%. Acadian Asset Management’s payout ratio is presently 18.10%.

Insiders Place Their Bets

In related news, Director Robert J. Chersi sold 28,753 shares of the firm’s stock in a transaction 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 completion of the transaction, the director owned 37,384 shares in the company, valued at $1,917,799.20. This trade represents a 43.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Barbara Trebbi sold 9,691 shares of Acadian Asset Management stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total value of $496,373.02. Following the sale, the director directly owned 35,771 shares of the company’s stock, valued at approximately $1,832,190.62. This represents a 21.32% decrease in their position. The SEC filing for this sale provides additional information. 26.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AAMI. EverSource Wealth Advisors LLC acquired a new stake in shares of Acadian Asset Management during the second quarter worth about $31,000. Transamerica Financial Advisors LLC raised its position 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 buying an additional 635 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Acadian Asset Management during the 2nd quarter valued at approximately $61,000. WealthCollab LLC acquired a new stake in Acadian Asset Management during the 2nd quarter valued at approximately $65,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Acadian Asset Management in the 2nd quarter valued at $95,000. 98.69% of the stock is currently owned by hedge funds and other 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.