Acadian Asset Management Inc. (NYSE:AAMI) Receives Consensus Rating of “Hold” from Brokerages

Shares of Acadian Asset Management Inc. (NYSE:AAMI) have been given an average recommendation of “Hold” by the five analysts that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $52.00.

Several analysts recently commented on the company. Morgan Stanley raised their target price on Acadian Asset Management from $49.00 to $50.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. Wall Street Zen raised Acadian Asset Management from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Royal Bank Of Canada upped their price objective on Acadian Asset Management from $52.00 to $54.00 and gave the stock a “sector perform” rating in a research report on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Acadian Asset Management in a research note on Monday, December 29th.

Acadian Asset Management Stock Performance

NYSE:AAMI opened at $52.19 on Tuesday. Acadian Asset Management has a one year low of $22.60 and a one year high of $57.03. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 23.61 and a beta of 1.32. The firm’s fifty day moving average is $52.90 and its two-hundred day moving average is $49.20.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings data on Friday, February 27th. The company reported $1.32 earnings per share for the quarter. The business had revenue of $169.70 million during the quarter. Acadian Asset Management had a return on equity of 165.86% and a net margin of 14.19%. As a group, equities research analysts predict that Acadian Asset Management will post 2.78 earnings per share for the current fiscal year.

Acadian Asset Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.8%. This is a boost from Acadian Asset Management’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Friday, March 13th. Acadian Asset Management’s payout ratio is currently 18.10%.

Insider Buying and Selling at Acadian Asset Management

In other Acadian Asset Management news, Director Robert J. Chersi sold 28,753 shares of the company’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 owned 37,384 shares in the company, valued at approximately $1,917,799.20. This represents a 43.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Barbara Trebbi sold 9,691 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total transaction of $496,373.02. Following the sale, the director directly owned 35,771 shares in the company, valued at approximately $1,832,190.62. The trade was a 21.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 26.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Acadian Asset Management

Institutional investors and hedge funds have recently modified their holdings of the business. Federated Hermes Inc. grew its holdings in Acadian Asset Management by 18.0% in the third quarter. Federated Hermes Inc. now owns 342,621 shares of the company’s stock valued at $16,501,000 after purchasing an additional 52,298 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Acadian Asset Management by 37.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 289,038 shares of the company’s stock worth $13,365,000 after buying an additional 78,623 shares during the period. Ensign Peak Advisors Inc acquired a new position in shares of Acadian Asset Management during the 2nd quarter worth approximately $439,000. Tudor Investment Corp ET AL lifted its position in shares of Acadian Asset Management by 42.6% during the 3rd quarter. Tudor Investment Corp ET AL now owns 225,579 shares of the company’s stock valued at $10,864,000 after buying an additional 67,385 shares in the last quarter. Finally, Citigroup Inc. grew its stake in Acadian Asset Management by 105.9% in the 3rd quarter. Citigroup Inc. now owns 51,031 shares of the company’s stock valued at $2,458,000 after acquiring an additional 26,252 shares during the period. Hedge funds and other 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.