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

Shares of Acadian Asset Management Inc. (NYSE:AAMI) have been given a consensus rating of “Hold” by the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $52.00.

AAMI has been the topic of several research analyst reports. Morgan Stanley upped their price objective on Acadian Asset Management from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 3rd. Wall Street Zen upgraded Acadian Asset Management from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Evercore set a $52.00 price objective on Acadian Asset Management in a report on Thursday, November 6th. Finally, Royal Bank Of Canada boosted their price objective on 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.

Insider Activity at Acadian Asset Management

In other Acadian Asset Management news, Director Barbara Trebbi sold 9,691 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total transaction of $496,373.02. Following the sale, the director owned 35,771 shares in the company, valued at $1,832,190.62. This represents a 21.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert J. Chersi sold 28,753 shares of Acadian Asset Management 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 trade represents a 43.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 26.00% of the stock is currently owned by company insiders.

Institutional Trading of Acadian Asset Management

A number of institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC purchased a new position in Acadian Asset Management during the 2nd quarter valued at about $31,000. Transamerica Financial Advisors LLC boosted its position in shares of Acadian Asset Management by 380.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after acquiring an additional 635 shares during the period. Raymond James Financial Inc. bought a new position in shares of Acadian Asset Management in the second quarter valued at approximately $61,000. WealthCollab LLC purchased a new position in Acadian Asset Management during the second quarter valued at approximately $65,000. Finally, Ameritas Investment Partners Inc. bought a new stake in Acadian Asset Management during the 2nd quarter worth approximately $95,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Stock Performance

AAMI opened at $53.51 on Friday. Acadian Asset Management has a fifty-two week low of $22.60 and a fifty-two week high of $57.03. The firm has a 50-day moving average of $52.48 and a 200 day moving average of $48.79. The firm has a market cap of $1.91 billion, a P/E ratio of 24.21 and a beta of 1.32.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings data on Thursday, February 5th. The company reported $1.32 EPS for the quarter, missing the consensus estimate of $1.38 by ($0.06). Acadian Asset Management had a return on equity of 165.86% and a net margin of 14.19%.The company had revenue of $169.70 million during the quarter. Equities research analysts predict that Acadian Asset Management will post 2.78 earnings per share for the current fiscal year.

Acadian Asset Management Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is 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 is currently 1.81%.

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.