Robert Chersi Sells 28,753 Shares of Acadian Asset Management (NYSE:AAMI) Stock

Acadian Asset Management Inc. (NYSE:AAMI) Director Robert Chersi sold 28,753 shares of the business’s stock in a transaction dated 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 directly 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Acadian Asset Management Trading Up 0.5%

Acadian Asset Management stock traded up $0.29 during trading hours on Thursday, reaching $52.21. 284,058 shares of the stock were exchanged, compared to its average volume of 264,547. Acadian Asset Management Inc. has a twelve month low of $22.60 and a twelve month high of $56.46. The company has a market cap of $1.86 billion, a P/E ratio of 23.62 and a beta of 1.31. The stock has a 50 day moving average of $50.59 and a two-hundred day moving average of $47.73.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings results on Thursday, February 5th. The company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.06). The firm had revenue of $169.70 million for the quarter. Acadian Asset Management had a return on equity of 165.86% and a net margin of 14.19%. On average, analysts expect that Acadian Asset Management Inc. 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. Stockholders of record on Friday, March 13th will be issued a dividend of $0.10 per share. This is an increase from Acadian Asset Management’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. Acadian Asset Management’s payout ratio is presently 1.81%.

Institutional Investors Weigh In On Acadian Asset Management

Institutional investors have recently added to or reduced their stakes in the business. Lido Advisors LLC increased its position in Acadian Asset Management by 3.5% in the 4th quarter. Lido Advisors LLC now owns 8,922 shares of the company’s stock valued at $427,000 after acquiring an additional 298 shares during the period. State of Wyoming grew its stake in shares of Acadian Asset Management by 5.8% in the fourth quarter. State of Wyoming now owns 9,274 shares of the company’s stock worth $436,000 after purchasing an additional 511 shares during the last quarter. Franklin Resources Inc. increased its holdings in Acadian Asset Management by 1.5% in the fourth quarter. Franklin Resources Inc. now owns 42,986 shares of the company’s stock valued at $2,020,000 after purchasing an additional 653 shares during the period. Illinois Municipal Retirement Fund raised its position in Acadian Asset Management by 5.4% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 15,435 shares of the company’s stock worth $743,000 after purchasing an additional 794 shares during the last quarter. Finally, EverSource Wealth Advisors LLC acquired a new position in Acadian Asset Management during the 2nd quarter worth about $31,000. 98.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on AAMI shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Evercore set a $52.00 price target on shares of Acadian Asset Management in a research note on Thursday, November 6th. Morgan Stanley upped their price objective on shares of Acadian Asset Management from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 3rd. Royal Bank Of Canada increased their price objective on shares of 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. Finally, Wall Street Zen raised shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $52.00.

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.