Insider Selling: Acadian Asset Management (NYSE:AAMI) CAO Sells 100,000 Shares of Stock

Acadian Asset Management Inc. (NYSE:AAMI) CAO Richard Jonathan Hart sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $66.97, for a total value of $6,697,000.00. Following the completion of the transaction, the chief accounting officer directly owned 73,863 shares in the company, valued at approximately $4,946,605.11. The trade was a 57.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Acadian Asset Management Price Performance

Shares of AAMI stock traded up $0.77 during mid-day trading on Tuesday, hitting $68.32. The stock had a trading volume of 333,122 shares, compared to its average volume of 294,493. The firm has a market cap of $2.43 billion, a PE ratio of 29.07 and a beta of 1.33. Acadian Asset Management Inc. has a fifty-two week low of $28.15 and a fifty-two week high of $69.87. The company’s 50-day simple moving average is $57.36 and its 200-day simple moving average is $51.74.

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 analysts’ consensus estimates of $0.94 by $0.11. Acadian Asset Management had a return on equity of 185.73% and a net margin of 13.78%.The company had revenue of $165.00 million for the quarter. On average, analysts expect that Acadian Asset Management Inc. will post 4.84 EPS for the current year.

Acadian Asset Management Announces Dividend

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

Analysts Set New Price Targets

AAMI has been the subject of several research reports. Evercore set a $60.00 price objective on Acadian Asset Management in a report on Friday, April 10th. Wall Street Zen raised Acadian Asset Management from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada lifted their price target on Acadian Asset Management from $60.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Friday. Finally, Morgan Stanley boosted their price objective on shares of Acadian Asset Management from $54.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.00.

Institutional Trading of Acadian Asset Management

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Illinois Municipal Retirement Fund boosted its stake in shares of Acadian Asset Management by 6.7% during the first quarter. Illinois Municipal Retirement Fund now owns 14,319 shares of the company’s stock valued at $779,000 after acquiring an additional 905 shares during the last quarter. Maryland State Retirement & Pension System acquired a new position in Acadian Asset Management in the 1st quarter valued at about $207,000. Principal Financial Group Inc. lifted its holdings in Acadian Asset Management by 13.9% in the 1st quarter. Principal Financial Group Inc. now owns 204,527 shares of the company’s stock valued at $11,130,000 after purchasing an additional 24,885 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in shares of Acadian Asset Management by 70.5% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 22,931 shares of the company’s stock worth $1,248,000 after purchasing an additional 9,480 shares during the last quarter. Finally, Boston Trust Walden Corp purchased a new stake in shares of Acadian Asset Management during the first quarter worth about $15,325,000. 98.69% of the stock is currently owned by hedge funds and other 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.