Acadian Asset Management (NYSE:AAMI) Reaches New 1-Year High – Time to Buy?

Acadian Asset Management Inc. (NYSE:AAMI)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $94.11 and last traded at $93.9650, with a volume of 166665 shares. The stock had previously closed at $91.90.

Wall Street Analysts Forecast Growth

AAMI has been the topic of several recent analyst reports. Royal Bank Of Canada lifted their price objective on Acadian Asset Management from $72.00 to $80.00 and gave the company a “sector perform” rating in a report on Friday, July 31st. Evercore set a $84.00 price objective on shares of Acadian Asset Management in a research report on Friday, July 10th. Weiss Ratings upgraded shares of Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday. Zacks Research raised shares of Acadian Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Finally, Morgan Stanley set a $81.00 target price on shares of Acadian Asset Management in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $81.67.

Acadian Asset Management Stock Performance

The stock has a market cap of $3.33 billion, a price-to-earnings ratio of 33.21 and a beta of 1.30. The business has a 50-day simple moving average of $82.65 and a two-hundred day simple moving average of $69.02.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.30. The business had revenue of $183.20 million for the quarter. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. On average, analysts expect that Acadian Asset Management Inc. will post 5.07 earnings per share for the current fiscal year.

Acadian Asset Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. Acadian Asset Management’s payout ratio is 14.13%.

Hedge Funds Weigh In On Acadian Asset Management

Several hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new position in Acadian Asset Management during the second quarter worth approximately $31,000. Public Employees Retirement System of Ohio acquired a new position in shares of Acadian Asset Management during the 2nd quarter worth approximately $38,000. Transamerica Financial Advisors LLC raised 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 valued at $38,000 after acquiring an additional 635 shares during the period. Allworth Financial LP acquired a new position in shares of Acadian Asset Management in the second quarter valued at $49,000. Finally, Raymond James Financial Inc. bought a new position in shares of Acadian Asset Management in the second quarter valued at about $61,000. 98.69% of the stock is owned by institutional investors.

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.