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

Shares of Acadian Asset Management Inc. (NYSE:AAMI) have received an average recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $62.00.

A number of research analysts recently issued reports on AAMI shares. Morgan Stanley boosted their price objective on Acadian Asset Management from $54.00 to $60.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 28th. Weiss Ratings cut Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Royal Bank Of Canada upped their price objective on Acadian Asset Management from $60.00 to $66.00 and gave the stock a “sector perform” rating in a report on Friday, May 1st. Wall Street Zen raised Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Finally, Evercore set a $60.00 price objective on Acadian Asset Management in a report on Friday, April 10th.

Acadian Asset Management Stock Performance

Shares of NYSE:AAMI opened at $68.15 on Wednesday. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 29.00 and a beta of 1.33. The stock’s 50-day simple moving average is $60.71 and its two-hundred day simple moving average is $53.40. Acadian Asset Management has a 52-week low of $28.98 and a 52-week high of $73.10.

Acadian Asset Management (NYSE:AAMI) last announced its earnings results on Thursday, April 30th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.11. The business had revenue of $165.00 million for the quarter. Acadian Asset Management had a return on equity of 185.73% and a net margin of 13.78%. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, June 12th. Acadian Asset Management’s dividend payout ratio is 17.02%.

Insider Activity

In other news, CAO Richard Jonathan Hart sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $66.97, for a total transaction of $6,697,000.00. Following the sale, the chief accounting officer directly owned 73,863 shares of the company’s stock, valued at $4,946,605.11. This represents a 57.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 22.60% of the stock is owned by company insiders.

Institutional Trading of Acadian Asset Management

Several hedge funds have recently modified their holdings of AAMI. EverSource Wealth Advisors LLC bought a new position in shares of Acadian Asset Management during the 2nd quarter valued at approximately $31,000. Transamerica Financial Advisors LLC increased its position in shares of Acadian Asset Management by 380.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after purchasing an additional 635 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Acadian Asset Management during the 2nd quarter valued at approximately $61,000. WealthCollab LLC bought a new position in shares of Acadian Asset Management during the 2nd quarter valued at approximately $65,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Acadian Asset Management during the 2nd quarter valued at approximately $97,000. 98.69% of the stock is owned by hedge funds and other institutional investors.

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.