Royce & Associates LP Has $1.85 Million Holdings in Acadian Asset Management Inc. $AAMI

Royce & Associates LP lessened its holdings in shares of Acadian Asset Management Inc. (NYSE:AAMI) by 17.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 39,301 shares of the company’s stock after selling 8,351 shares during the period. Royce & Associates LP owned 0.11% of Acadian Asset Management worth $1,847,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Illinois Municipal Retirement Fund lifted its holdings in Acadian Asset Management by 5.4% in the third quarter. Illinois Municipal Retirement Fund now owns 15,435 shares of the company’s stock valued at $743,000 after buying an additional 794 shares during the period. EverSource Wealth Advisors LLC acquired a new position in Acadian Asset Management in the second quarter valued at $31,000. Lido Advisors LLC lifted its holdings in Acadian Asset Management by 12.8% in the third quarter. Lido Advisors LLC now owns 8,624 shares of the company’s stock valued at $415,000 after buying an additional 976 shares during the period. Linden Thomas Advisory Services LLC lifted its holdings in Acadian Asset Management by 3.5% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 30,077 shares of the company’s stock valued at $1,414,000 after buying an additional 1,011 shares during the period. Finally, Teacher Retirement System of Texas lifted its holdings in Acadian Asset Management by 2.3% in the fourth quarter. Teacher Retirement System of Texas now owns 62,439 shares of the company’s stock valued at $2,935,000 after buying an additional 1,396 shares during the period. Institutional investors and hedge funds own 98.69% of the company’s stock.

Acadian Asset Management Trading Down 0.3%

Shares of NYSE AAMI opened at $72.51 on Friday. The firm’s 50-day moving average price is $64.23 and its 200-day moving average price is $54.87. Acadian Asset Management Inc. has a 1-year low of $29.26 and a 1-year high of $76.13. The firm has a market capitalization of $2.58 billion, a P/E ratio of 30.85 and a beta of 1.33.

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

Acadian Asset Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.10 per share. 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 is currently 17.02%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Evercore set a $60.00 target price on shares of Acadian Asset Management in a report on Friday, April 10th. Weiss Ratings lowered shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Morgan Stanley boosted their target price on shares of Acadian Asset Management from $54.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $66.00 target price on shares of Acadian Asset Management in a report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $62.00.

Insider Buying and Selling at Acadian Asset Management

In other news, CAO Richard Jonathan Hart sold 100,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $66.97, for a total transaction of $6,697,000.00. Following the completion of the sale, the chief accounting officer directly owned 73,863 shares of the company’s stock, valued at $4,946,605.11. The trade was a 57.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 22.60% 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.