SG Americas Securities LLC increased its stake in shares of Acadian Asset Management Inc. (NYSE:AAMI – Free Report) by 1,414.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 359,613 shares of the company’s stock after purchasing an additional 335,874 shares during the quarter. SG Americas Securities LLC owned 1.01% of Acadian Asset Management worth $16,902,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. acquired a new position in Acadian Asset Management in the 2nd quarter valued at $103,000. Geode Capital Management LLC acquired a new stake in shares of Acadian Asset Management in the 2nd quarter worth $22,116,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Acadian Asset Management in the second quarter valued at about $236,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Acadian Asset Management in the second quarter valued at about $243,000. Finally, Creative Planning acquired a new position in shares of Acadian Asset Management during the second quarter worth about $817,000. 98.69% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Acadian Asset Management in a report on Monday, December 29th. Wall Street Zen upgraded Acadian Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Morgan Stanley increased their target price on Acadian Asset Management from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 3rd. Finally, Royal Bank Of Canada raised their price target on Acadian Asset Management from $52.00 to $54.00 and gave the company a “sector perform” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $52.00.
Insider Buying and Selling at Acadian Asset Management
In other news, Director Barbara Trebbi sold 9,691 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total value of $496,373.02. Following the completion of the transaction, the director owned 35,771 shares in the company, valued at $1,832,190.62. This trade represents a 21.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert J. Chersi sold 28,753 shares of the firm’s stock in a transaction 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 transaction, the director owned 37,384 shares of the company’s stock, valued at approximately $1,917,799.20. This represents a 43.47% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 26.00% of the company’s stock.
Acadian Asset Management Stock Down 3.8%
Shares of AAMI opened at $52.37 on Friday. The company has a 50-day simple moving average of $52.95 and a 200-day simple moving average of $49.14. The company has a market capitalization of $1.87 billion, a PE ratio of 23.70 and a beta of 1.32. Acadian Asset Management Inc. has a 52-week low of $22.60 and a 52-week high of $57.03.
Acadian Asset Management (NYSE:AAMI – Get Free Report) last released its quarterly earnings data on Friday, February 27th. The company reported $1.32 EPS for the quarter. Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. The firm had revenue of $169.70 million for the quarter. On average, research analysts anticipate that Acadian Asset Management Inc. will post 2.78 EPS for the current year.
Acadian Asset Management Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, March 13th. This is an increase from Acadian Asset Management’s previous quarterly dividend of $0.01. Acadian Asset Management’s dividend payout ratio (DPR) is 18.10%.
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.
Further Reading
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