Acadian Asset Management (NYSE:AAMI) Hits New 52-Week High – Should You Buy?

Shares of Acadian Asset Management Inc. (NYSE:AAMI) hit a new 52-week high during trading on Monday . The stock traded as high as $77.20 and last traded at $76.1620, with a volume of 24093 shares changing hands. The stock had previously closed at $74.00.

Analysts Set New Price Targets

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

Acadian Asset Management Trading Up 3.2%

The stock has a market cap of $2.72 billion, a PE ratio of 32.50 and a beta of 1.33. The business has a 50-day moving average price of $66.36 and a 200 day moving average price of $55.99.

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

Acadian Asset Management Announces Dividend

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

Insider Activity at Acadian Asset Management

In related news, CAO Richard Jonathan Hart sold 100,000 shares of the company’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 transaction of $6,697,000.00. Following the sale, the chief accounting officer directly owned 73,863 shares in the company, valued at approximately $4,946,605.11. This represents a 57.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 22.60% of the company’s stock.

Institutional Investors Weigh In On Acadian Asset Management

Hedge funds and other institutional investors have recently bought and sold shares of the business. Transamerica Financial Advisors LLC boosted its holdings 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 worth $38,000 after acquiring an additional 635 shares during the period. EverSource Wealth Advisors LLC purchased a new position in shares of Acadian Asset Management in the second quarter valued at $31,000. Raymond James Financial Inc. bought a new stake in shares of Acadian Asset Management during the 2nd quarter valued at $61,000. WealthCollab LLC bought a new stake in shares of Acadian Asset Management during the 2nd quarter valued at $65,000. Finally, Kestra Advisory Services LLC purchased a new stake in Acadian Asset Management during the 4th quarter worth about $119,000. 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.