Acadian Asset Management (NYSE:AAMI) Sets New 1-Year High – Here’s What Happened

Shares of Acadian Asset Management Inc. (NYSE:AAMI) hit a new 52-week high during trading on Wednesday . The company traded as high as $60.24 and last traded at $59.0150, with a volume of 23445 shares trading hands. The stock had previously closed at $56.27.

Analyst Ratings Changes

A number of brokerages recently commented on AAMI. Wall Street Zen upgraded shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Royal Bank Of Canada upped their price target 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. Weiss Ratings restated a “buy (b)” rating on shares of Acadian Asset Management in a research note on Monday, December 29th. Finally, Morgan Stanley upped their price target on shares of Acadian Asset Management from $50.00 to $54.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 1st. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $53.33.

Acadian Asset Management Stock Performance

The company has a market capitalization of $2.09 billion, a PE ratio of 26.52 and a beta of 1.26. The stock’s 50 day moving average is $52.96 and its 200 day moving average is $49.49.

Acadian Asset Management (NYSE:AAMI) last posted its earnings results on Friday, February 27th. The company reported $1.32 earnings per share (EPS) for the quarter. 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. On average, equities research analysts forecast that Acadian Asset Management Inc. will post 2.78 EPS for the current fiscal year.

Acadian Asset Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Friday, March 13th. This is a positive change from Acadian Asset Management’s previous quarterly dividend of $0.01. Acadian Asset Management’s payout ratio is 18.10%.

Insider Buying and Selling at Acadian Asset Management

In other Acadian Asset Management news, 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 directly owned 37,384 shares of the company’s stock, valued at $1,917,799.20. This trade represents a 43.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Barbara Trebbi sold 9,691 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 35,771 shares of the company’s stock, valued at approximately $1,832,190.62. The trade was a 21.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 26.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Paulson & CO. Inc. bought a new position in Acadian Asset Management in the 2nd quarter valued at $315,402,000. Jennison Associates LLC boosted its holdings in Acadian Asset Management by 10.4% in the 4th quarter. Jennison Associates LLC now owns 1,909,222 shares of the company’s stock valued at $89,733,000 after purchasing an additional 179,380 shares during the period. State Street Corp boosted its holdings in Acadian Asset Management by 0.5% in the 4th quarter. State Street Corp now owns 1,206,244 shares of the company’s stock valued at $56,693,000 after purchasing an additional 5,541 shares during the period. Impax Asset Management Group plc increased its holdings in shares of Acadian Asset Management by 10.4% in the 4th quarter. Impax Asset Management Group plc now owns 845,451 shares of the company’s stock worth $39,736,000 after buying an additional 79,967 shares during the last quarter. Finally, Soros Fund Management LLC increased its holdings in shares of Acadian Asset Management by 61.3% in the 4th quarter. Soros Fund Management LLC now owns 737,367 shares of the company’s stock worth $34,656,000 after buying an additional 280,239 shares during the last quarter. 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.