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

Shares of Acadian Asset Management Inc. (NYSE:AAMI) have received a consensus recommendation of “Hold” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $52.00.

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

Insider Buying and Selling

In other news, Director Robert J. 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 transaction of $1,475,028.90. Following the completion of the sale, the director directly owned 37,384 shares of the company’s stock, valued at $1,917,799.20. The trade was a 43.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Barbara Trebbi sold 9,691 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total value of $496,373.02. Following the sale, the director directly owned 35,771 shares of the company’s stock, valued at $1,832,190.62. This represents a 21.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 26.00% of the company’s stock.

Institutional Trading of Acadian Asset Management

Several institutional investors have recently made changes to their positions in AAMI. EverSource Wealth Advisors LLC bought a new stake in Acadian Asset Management in the 2nd quarter worth about $31,000. Transamerica Financial Advisors LLC raised its holdings in shares of Acadian Asset Management by 380.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock worth $38,000 after purchasing an additional 635 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Acadian Asset Management during the 2nd quarter valued at $61,000. WealthCollab LLC purchased a new stake in Acadian Asset Management during the second quarter valued at about $65,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Acadian Asset Management during the 2nd quarter valued at approximately $95,000. Institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Price Performance

NYSE AAMI opened at $50.25 on Friday. The stock has a market capitalization of $1.79 billion, a P/E ratio of 22.74 and a beta of 1.32. The business has a 50 day simple moving average of $52.83 and a 200 day simple moving average of $48.91. Acadian Asset Management has a one year low of $22.60 and a one year high of $57.03.

Acadian Asset Management (NYSE:AAMI) last issued 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 business had revenue of $169.70 million during the quarter. Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. Equities analysts expect that Acadian Asset Management will post 2.78 earnings per share for the current year.

Acadian Asset Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid 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 yield of 0.8%. Acadian Asset Management’s dividend payout ratio (DPR) is currently 1.81%.

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.