Acadian Asset Management Inc. (NYSE:AAMI) Receives $52.00 Consensus Target Price from Analysts

Shares of Acadian Asset Management Inc. (NYSE:AAMI) have received an average rating of “Hold” from the five brokerages that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $52.00.

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

Acadian Asset Management Stock Down 0.8%

Shares of Acadian Asset Management stock opened at $51.87 on Monday. Acadian Asset Management has a 12 month low of $22.60 and a 12 month high of $56.46. The stock has a market cap of $1.85 billion, a PE ratio of 23.47 and a beta of 1.30. The business has a fifty day simple moving average of $50.81 and a 200-day simple moving average of $47.96.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings results on Thursday, February 5th. The company reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.06). Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. The business had revenue of $169.70 million for the quarter. Analysts expect that Acadian Asset Management will post 2.78 EPS for the current fiscal year.

Acadian Asset Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.10 per share. This is a boost from Acadian Asset Management’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. Acadian Asset Management’s dividend payout ratio (DPR) is 1.81%.

Insider Activity

In related news, Director Barbara Trebbi sold 9,691 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $51.22, for a total transaction of $496,373.02. Following the transaction, the director owned 35,771 shares of the company’s stock, valued at approximately $1,832,190.62. This trade represents a 21.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert J. Chersi sold 28,753 shares of Acadian Asset Management stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $51.30, for a total transaction 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. This trade represents a 43.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 26.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Acadian Asset Management

Several institutional investors and hedge funds have recently modified their holdings of AAMI. Federated Hermes Inc. boosted its position in shares of Acadian Asset Management by 18.0% in the third quarter. Federated Hermes Inc. now owns 342,621 shares of the company’s stock valued at $16,501,000 after acquiring an additional 52,298 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Acadian Asset Management by 37.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 289,038 shares of the company’s stock valued at $13,365,000 after acquiring an additional 78,623 shares during the period. Ensign Peak Advisors Inc bought a new position in Acadian Asset Management during the second quarter valued at about $439,000. AlphaQuest LLC acquired a new position in Acadian Asset Management in the 2nd quarter valued at approximately $431,000. Finally, Amalgamated Bank bought a new stake in shares of Acadian Asset Management in the 2nd quarter worth approximately $270,000. Institutional investors and hedge funds 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.