Acadian Asset Management (NYSE:AAMI) Hits New 1-Year High – What’s Next?

Acadian Asset Management Inc. (NYSE:AAMI) shares reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $100.65 and last traded at $97.3410, with a volume of 25,252 shares changing hands. The stock had previously closed at $97.57.

Analysts Set New Price Targets

A number of brokerages have recently commented on AAMI. Morgan Stanley upgraded Acadian Asset Management from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $97.00 to $110.00 in a report on Thursday, November 5th. Zacks Research upgraded Acadian Asset Management from a “hold” rating to a “strong-buy” rating in a report on Monday. Weiss Ratings raised Acadian Asset Management from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday. Wall Street Zen cut Acadian Asset Management from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Evercore set a $102.00 price target on Acadian Asset Management in a research report on Friday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $100.00.

Acadian Asset Management Stock Performance

The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 28.50 and a beta of 1.29. The company has a 50-day simple moving average of $92.25 and a two-hundred day simple moving average of $75.01.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.22 by $0.14. Acadian Asset Management had a return on equity of 139.70% and a net margin of 17.02%. The company had revenue of $189.10 million during the quarter. As a group, sell-side analysts predict that Acadian Asset Management Inc. will post 5.73 earnings per share for the current fiscal year.

Acadian Asset Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Friday, December 11th will be paid a $0.10 dividend. The ex-dividend date is Friday, December 11th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Acadian Asset Management’s dividend payout ratio (DPR) is currently 11.73%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in shares of Acadian Asset Management by 17.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 754 shares of the company’s stock valued at $69,000 after purchasing an additional 112 shares during the period. GAMMA Investing LLC increased its position in Acadian Asset Management by 11.2% during the third quarter. GAMMA Investing LLC now owns 1,345 shares of the company’s stock worth $123,000 after buying an additional 136 shares during the last quarter. ProShare Advisors LLC increased its position in Acadian Asset Management by 3.4% during the third quarter. ProShare Advisors LLC now owns 4,156 shares of the company’s stock worth $381,000 after buying an additional 137 shares during the last quarter. Summit Global Investments increased its position in Acadian Asset Management by 1.2% during the third quarter. Summit Global Investments now owns 17,115 shares of the company’s stock worth $1,570,000 after buying an additional 207 shares during the last quarter. Finally, Allworth Financial LP raised its stake in Acadian Asset Management by 57.9% in the second quarter. Allworth Financial LP now owns 682 shares of the company’s stock valued at $49,000 after buying an additional 250 shares during the period. Institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Company Profile

Acadian Asset Management is a global investment manager specializing in systematic, data-driven investment strategies. Founded in 1986, the firm applies quantitative research and technology to analyze markets and build portfolios. The firm offers investment strategies across global, international and emerging-markets equities, as well as multi-asset and alternative investments. Its offerings include long-only and long-short approaches and customized portfolio solutions for institutional investors and other clients.