Acadian Asset Management (NYSE:AAMI) Hits New 1-Year High – Here’s Why

Acadian Asset Management Inc. (NYSE:AAMI)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $79.15 and last traded at $80.0390, with a volume of 246342 shares traded. The stock had previously closed at $78.54.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on AAMI shares. Weiss Ratings cut Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. 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. Morgan Stanley boosted their price target on Acadian Asset Management from $54.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Evercore set a $80.00 price target on shares of Acadian Asset Management in a research note on Monday, June 8th. Finally, Royal Bank Of Canada restated 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. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $68.67.

Acadian Asset Management Stock Performance

The company has a market capitalization of $2.87 billion, a P/E ratio of 34.22 and a beta of 1.33. The firm’s fifty day moving average is $68.72 and its 200 day moving average is $57.21.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.94 by $0.11. The company 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%. On average, analysts forecast that Acadian Asset Management Inc. will post 4.84 EPS for the current year.

Acadian Asset Management Announces Dividend

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

Insider Buying and Selling at Acadian Asset Management

In other Acadian Asset Management news, CAO Richard Jonathan Hart sold 100,000 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $66.97, for a total value of $6,697,000.00. Following the completion of 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 22.60% of the company’s stock.

Hedge Funds Weigh In On Acadian Asset Management

Several institutional investors have recently bought and sold shares of the business. Lido Advisors LLC increased its holdings in Acadian Asset Management by 3.5% during the fourth quarter. Lido Advisors LLC now owns 8,922 shares of the company’s stock valued at $427,000 after buying an additional 298 shares during the period. PNC Financial Services Group Inc. raised its stake in Acadian Asset Management by 12.5% in the first quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the company’s stock valued at $164,000 after buying an additional 334 shares during the last quarter. ANB Bank lifted its stake in shares of Acadian Asset Management by 5.0% during the first quarter. ANB Bank now owns 8,588 shares of the company’s stock worth $467,000 after buying an additional 410 shares during the period. Susquehanna Fundamental Investments LLC lifted its stake in shares of Acadian Asset Management by 3.2% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 14,508 shares of the company’s stock worth $682,000 after buying an additional 450 shares during the period. Finally, Polymer Capital Management US LLC lifted its position in Acadian Asset Management by 6.2% during the fourth quarter. Polymer Capital Management US LLC now owns 7,871 shares of the company’s stock valued at $370,000 after purchasing an additional 459 shares during the period. 98.69% of the stock is 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.