Robert Chersi Sells 28,753 Shares of Acadian Asset Management (NYSE:AAMI) Stock

Acadian Asset Management Inc. (NYSE:AAMI) Director Robert 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 owned 37,384 shares of the company’s stock, valued at $1,917,799.20. The trade was a 43.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Acadian Asset Management Stock Down 0.8%

Shares of NYSE AAMI opened at $51.87 on Friday. The firm’s fifty day moving average is $50.81 and its 200 day moving average is $47.84. Acadian Asset Management Inc. has a 52 week low of $22.60 and a 52 week high of $56.46. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 23.47 and a beta of 1.31.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings results on Thursday, February 5th. The company reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.06). The firm had revenue of $169.70 million during the quarter. Acadian Asset Management had a return on equity of 165.86% and a net margin of 14.19%. Equities research analysts anticipate that Acadian Asset Management Inc. will post 2.78 earnings per share for the current year.

Acadian Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change from Acadian Asset Management’s previous quarterly dividend of $0.01. Acadian Asset Management’s dividend payout ratio is currently 18.10%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AAMI. EverSource Wealth Advisors LLC bought a new stake in Acadian Asset Management during the second quarter worth about $31,000. Transamerica Financial Advisors LLC boosted its position in shares of Acadian Asset Management by 380.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock worth $38,000 after purchasing an additional 635 shares in the last quarter. CWM LLC purchased a new stake in shares of Acadian Asset Management in the 2nd quarter worth approximately $55,000. Blue Trust Inc. bought a new position in Acadian Asset Management during the 2nd quarter valued at approximately $57,000. Finally, Raymond James Financial Inc. purchased a new position in Acadian Asset Management during the second quarter valued at $61,000. 98.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AAMI shares. Weiss Ratings reissued a “buy (b)” rating on shares of Acadian Asset Management in a research note on Monday, December 29th. Morgan Stanley lifted their price target on shares of Acadian Asset Management from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Tuesday, February 3rd. Evercore set a $52.00 price objective on shares of Acadian Asset Management in a report on Thursday, November 6th. Royal Bank Of Canada lifted their target price on shares of Acadian Asset Management from $52.00 to $54.00 and gave the company a “sector perform” rating in a research note on Friday, February 6th. Finally, Wall Street Zen upgraded shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Acadian Asset Management currently has a consensus rating of “Hold” and a consensus target price of $52.00.

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.