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

Acadian Asset Management Inc. (NYSE:AAMI)’s stock price hit a new 52-week high during trading on Friday . The company traded as high as $93.82 and last traded at $93.0530, with a volume of 43083 shares changing hands. The stock had previously closed at $93.16.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AAMI shares. Weiss Ratings restated a “buy (b-)” rating on shares of Acadian Asset Management in a research report on Friday, August 7th. Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Zacks Research raised shares of Acadian Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Morgan Stanley set a $81.00 price objective on shares of Acadian Asset Management in a research report on Wednesday, July 29th. Finally, Evercore set a $84.00 target price on shares of Acadian Asset Management in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.67.

Acadian Asset Management Price Performance

The firm has a market capitalization of $3.30 billion, a P/E ratio of 32.81 and a beta of 1.30. The firm has a 50-day moving average price of $80.62 and a two-hundred day moving average price of $67.20.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.30. The company had revenue of $183.20 million during the quarter. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. Sell-side analysts predict that Acadian Asset Management Inc. will post 5.07 earnings per share for the current fiscal year.

Acadian Asset Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Acadian Asset Management’s dividend payout ratio (DPR) is 14.13%.

Institutional Investors Weigh In On Acadian Asset Management

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in shares of Acadian Asset Management during the second quarter valued at approximately $320,877,000. Jacobs Levy Equity Management Inc. bought a new stake in Acadian Asset Management during the 3rd quarter valued at $20,059,000. Boston Trust Walden Corp bought a new stake in Acadian Asset Management during the 1st quarter valued at $15,325,000. Soros Fund Management LLC increased its holdings in shares of Acadian Asset Management by 61.3% in the 4th quarter. Soros Fund Management LLC now owns 737,367 shares of the company’s stock valued at $34,656,000 after acquiring an additional 280,239 shares during the period. Finally, Amundi purchased a new position in shares of Acadian Asset Management in the 3rd quarter valued at $11,361,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

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.