Acadian Asset Management (NYSE:AAMI) Reaches New 12-Month High – Still a Buy?

Acadian Asset Management Inc. (NYSE:AAMI) shares reached a new 52-week high on Monday . The company traded as high as $70.71 and last traded at $70.0080, with a volume of 29653 shares changing hands. The stock had previously closed at $68.63.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Royal Bank Of Canada raised their price target on shares of Acadian Asset Management from $60.00 to $66.00 and gave the company a “sector perform” rating in a research report on Friday, May 1st. Evercore set a $60.00 price target on shares of Acadian Asset Management in a research report on Friday, April 10th. Morgan Stanley raised their price target on shares of Acadian Asset Management from $54.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Finally, Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $62.00.

Acadian Asset Management Price Performance

The business’s fifty day moving average is $58.21 and its 200-day moving average is $52.18. The firm has a market cap of $2.58 billion, a PE ratio of 30.84 and a beta of 1.33.

Acadian Asset Management (NYSE:AAMI) last posted its earnings results on Thursday, April 30th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.11. The firm had revenue of $165.00 million during the quarter. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. Analysts forecast that Acadian Asset Management Inc. will post 4.84 EPS for the current year.

Acadian Asset Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a $0.10 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. Acadian Asset Management’s dividend payout ratio (DPR) is presently 17.02%.

Insider Transactions at Acadian Asset Management

In other news, Director Robert J. Chersi sold 28,753 shares of Acadian Asset Management stock in a transaction dated 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 in the company, valued at $1,917,799.20. This trade represents a 43.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara Trebbi sold 9,691 shares of Acadian Asset Management stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total transaction of $496,373.02. Following the completion of the transaction, the director owned 35,771 shares of the company’s stock, valued at $1,832,190.62. The trade was a 21.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 138,444 shares of company stock worth $8,668,402 over the last quarter. Corporate insiders own 22.60% of the company’s stock.

Hedge Funds Weigh In On Acadian Asset Management

Hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. grew its stake in Acadian Asset Management by 18.0% during 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 in the last quarter. Citigroup Inc. grew its stake in Acadian Asset Management by 105.9% during the third quarter. Citigroup Inc. now owns 51,031 shares of the company’s stock valued at $2,458,000 after acquiring an additional 26,252 shares in the last quarter. Tudor Investment Corp ET AL grew its stake in Acadian Asset Management by 42.6% during the third quarter. Tudor Investment Corp ET AL now owns 225,579 shares of the company’s stock valued at $10,864,000 after acquiring an additional 67,385 shares in the last quarter. GW&K Investment Management LLC purchased a new position in Acadian Asset Management during the third quarter valued at approximately $18,479,000. Finally, SG Americas Securities LLC grew its stake in Acadian Asset Management by 1,414.9% during the fourth quarter. SG Americas Securities LLC now owns 359,613 shares of the company’s stock valued at $16,902,000 after acquiring an additional 335,874 shares in the last quarter. Hedge funds and other institutional investors own 98.69% of the company’s stock.

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.