Acadian Asset Management Inc. (NYSE:AAMI) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Acadian Asset Management Inc. (NYSE:AAMI) have been assigned an average rating of “Hold” from the five brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $68.6667.

A number of equities research analysts have weighed in on AAMI shares. Wall Street Zen raised Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Zacks Research downgraded Acadian Asset Management from a “hold” rating to a “strong sell” rating in a research note on Friday, June 5th. Morgan Stanley upped their price objective 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 objective on Acadian Asset Management in a research report on Monday, June 8th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $66.00 target price on shares of Acadian Asset Management in a report on Wednesday, May 20th.

Acadian Asset Management Stock Performance

AAMI stock opened at $78.51 on Friday. The stock has a market capitalization of $2.80 billion, a PE ratio of 33.41 and a beta of 1.32. The company has a fifty day moving average of $68.72 and a 200-day moving average of $57.12. Acadian Asset Management has a one year low of $30.98 and a one year high of $79.15.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings results on Thursday, April 30th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. The business 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%. Equities analysts forecast that Acadian Asset Management will post 4.84 earnings per share for the current fiscal year.

Acadian Asset Management Announces Dividend

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

Insider Activity at Acadian Asset Management

In related news, CAO Richard Jonathan Hart sold 100,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were 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 owned 73,863 shares in the company, valued at $4,946,605.11. This trade represents a 57.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 22.60% of the stock is owned by company insiders.

Institutional Trading of Acadian Asset Management

A number of institutional investors have recently added to or reduced their stakes in AAMI. EverSource Wealth Advisors LLC purchased a new stake in Acadian Asset Management during the second quarter worth about $31,000. Transamerica Financial Advisors LLC boosted its holdings in Acadian Asset Management by 380.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock worth $38,000 after buying an additional 635 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Acadian Asset Management during the second quarter worth about $61,000. WealthCollab LLC purchased a new stake in Acadian Asset Management during the second quarter worth about $65,000. Finally, Russell Investments Group Ltd. purchased a new stake in Acadian Asset Management during the second quarter worth about $97,000. 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.