Acadian Asset Management (NYSE:AAMI) Sets New 12-Month High – Should You Buy?

Acadian Asset Management Inc. (NYSE:AAMI)’s stock price reached a new 52-week high on Friday . The company traded as high as $73.59 and last traded at $72.4830, with a volume of 2776 shares trading hands. The stock had previously closed at $71.12.

Analyst Ratings Changes

Several research analysts have recently issued reports on AAMI shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $66.00 target price on shares of Acadian Asset Management in a research note on Wednesday. Morgan Stanley boosted their price objective on shares of 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 $60.00 price objective on Acadian Asset Management in a research report on Friday, April 10th. Wall Street Zen raised Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Finally, Weiss Ratings cut Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Acadian Asset Management currently has a consensus rating of “Hold” and a consensus price target of $62.00.

Acadian Asset Management Price Performance

The company has a market cap of $2.64 billion, a P/E ratio of 31.48 and a beta of 1.33. The stock’s 50-day moving average is $61.52 and its two-hundred day moving average is $53.72.

Acadian Asset Management (NYSE:AAMI) last posted its earnings results on Thursday, April 30th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. The business had revenue of $165.00 million during the quarter. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. On average, analysts predict that Acadian Asset Management Inc. will post 4.84 EPS for the current year.

Acadian Asset Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid 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 17.02%.

Insider Activity at Acadian Asset Management

In related news, CAO Richard Jonathan Hart sold 100,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer owned 73,863 shares in the company, valued at approximately $4,946,605.11. This represents a 57.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Acadian Asset Management

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in shares of Acadian Asset Management during the 2nd quarter valued at about $6,964,000. American Century Companies Inc. purchased a new position in shares of Acadian Asset Management in the second quarter worth approximately $1,773,000. Russell Investments Group Ltd. purchased a new position in shares of Acadian Asset Management in the second quarter worth approximately $97,000. New York State Common Retirement Fund bought a new stake in Acadian Asset Management during the second quarter valued at approximately $299,000. Finally, Quantbot Technologies LP purchased a new stake in Acadian Asset Management during the second quarter valued at approximately $436,000. 98.69% of the stock is currently owned by 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.