Acadian Asset Management (NYSE:AAMI) Director Sells $496,373.02 in Stock

Acadian Asset Management Inc. (NYSE:AAMI) Director Barbara Trebbi sold 9,691 shares of the stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $51.22, for a total value of $496,373.02. Following the sale, the director owned 35,771 shares in the company, valued at $1,832,190.62. The trade was a 21.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Acadian Asset Management Stock Performance

NYSE AAMI traded up $0.29 on Thursday, hitting $52.21. 284,058 shares of the stock were exchanged, compared to its average volume of 264,547. Acadian Asset Management Inc. has a 52-week low of $22.60 and a 52-week high of $56.46. The firm has a market capitalization of $1.86 billion, a P/E ratio of 23.62 and a beta of 1.31. The stock has a fifty day moving average price of $50.59 and a two-hundred day moving average price of $47.73.

Acadian Asset Management (NYSE:AAMI) last released its 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 during the quarter. Acadian Asset Management had a return on equity of 165.86% and a net margin of 14.19%. Sell-side 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 $0.10 dividend. The ex-dividend date is Friday, March 13th. This is a positive change from Acadian Asset Management’s previous quarterly dividend of $0.01. This represents a $0.40 annualized dividend and a dividend yield of 0.8%. Acadian Asset Management’s dividend payout ratio (DPR) is currently 1.81%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Royal Bank Of Canada lifted 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. Morgan Stanley upped their target price on shares of Acadian Asset Management from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 3rd. 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. Finally, Evercore set a $52.00 price objective on Acadian Asset Management in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Acadian Asset Management presently has a consensus rating of “Hold” and an average price target of $52.00.

Hedge Funds Weigh In On Acadian Asset Management

Several institutional investors have recently bought and sold shares of AAMI. KLP Kapitalforvaltning AS purchased a new stake in shares of Acadian Asset Management during the second quarter valued at about $635,000. Maryland State Retirement & Pension System purchased a new position in shares of Acadian Asset Management in the 2nd quarter worth approximately $278,000. Blue Trust Inc. bought a new position in shares of Acadian Asset Management during the 2nd quarter worth approximately $57,000. CWM LLC purchased a new stake in Acadian Asset Management during the second quarter valued at approximately $55,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Acadian Asset Management in the second quarter valued at approximately $7,512,000. 98.69% of the stock is owned by hedge funds and other institutional investors.

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.