Acadian Asset Management Inc. (NYSE:AAMI) Given Average Recommendation of “Hold” by Brokerages

Shares of Acadian Asset Management Inc. (NYSE:AAMI) have received a consensus recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $68.6667.

AAMI has been the topic of a number of research reports. Weiss Ratings cut shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Morgan Stanley increased their price objective on shares of Acadian Asset Management from $54.00 to $60.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $66.00 price objective on shares of Acadian Asset Management in a research note on Wednesday, May 20th. Zacks Research cut shares of Acadian Asset Management from a “hold” rating to a “strong sell” rating in a research note on Friday, June 5th. Finally, Evercore set a $80.00 price objective on shares of Acadian Asset Management in a research note on Monday, June 8th.

Insider Buying and Selling

In other Acadian Asset Management news, CAO Richard Jonathan Hart sold 100,000 shares of the firm’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 sale, the chief accounting officer directly owned 73,863 shares of the company’s stock, valued at $4,946,605.11. This trade represents a 57.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 22.60% of the company’s stock.

Institutional Investors Weigh In On Acadian Asset Management

Several hedge funds have recently modified their holdings of AAMI. JPMorgan Chase & Co. acquired a new stake in shares of Acadian Asset Management during the 2nd quarter worth about $6,964,000. American Century Companies Inc. acquired a new stake in shares of Acadian Asset Management during the 2nd quarter worth about $1,773,000. Russell Investments Group Ltd. acquired a new stake in shares of Acadian Asset Management during the 2nd quarter worth about $97,000. New York State Common Retirement Fund acquired a new stake in shares of Acadian Asset Management during the 2nd quarter worth about $299,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Acadian Asset Management during the 2nd quarter worth about $436,000. 98.69% of the stock is owned by institutional investors and hedge funds.

Acadian Asset Management Trading Up 1.0%

Shares of NYSE AAMI opened at $78.51 on Friday. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 33.41 and a beta of 1.32. Acadian Asset Management has a 52 week low of $30.98 and a 52 week high of $79.15. The company’s 50-day moving average price is $68.72 and its 200 day moving average price is $57.12.

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

Acadian Asset Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, June 12th. Acadian Asset Management’s dividend payout ratio is presently 17.02%.

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.