UBS Group AG Trims Holdings in Acadian Asset Management Inc. $AAMI

UBS Group AG lessened its holdings in shares of Acadian Asset Management Inc. (NYSE:AAMI) by 46.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,075 shares of the company’s stock after selling 81,161 shares during the period. UBS Group AG owned about 0.27% of Acadian Asset Management worth $4,469,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AAMI. EverSource Wealth Advisors LLC purchased a new position in Acadian Asset Management during the 2nd quarter valued at about $31,000. Raymond James Financial Inc. purchased a new position in Acadian Asset Management during the 2nd quarter valued at about $61,000. WealthCollab LLC purchased a new position in Acadian Asset Management during the 2nd quarter valued at about $65,000. Russell Investments Group Ltd. purchased a new position in Acadian Asset Management during the 2nd quarter valued at about $97,000. Finally, Tower Research Capital LLC TRC purchased a new position in Acadian Asset Management during the 2nd quarter valued at about $116,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Stock Performance

Shares of NYSE:AAMI opened at $71.97 on Friday. Acadian Asset Management Inc. has a 52-week low of $28.98 and a 52-week high of $74.52. The firm has a market capitalization of $2.56 billion, a P/E ratio of 30.63 and a beta of 1.33. The stock has a 50 day moving average price of $61.94 and a 200-day moving average price of $53.85.

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

Acadian Asset Management Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be paid a $0.10 dividend. The ex-dividend date is Friday, June 12th. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. Acadian Asset Management’s dividend payout ratio is presently 17.02%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on AAMI. Wall Street Zen raised Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Morgan Stanley increased their target price on Acadian Asset Management from $54.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Evercore set a $60.00 target price on Acadian Asset Management in a research report on Friday, April 10th. Weiss Ratings lowered Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. 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 research report on Wednesday. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $62.00.

Insider Buying and Selling at Acadian Asset Management

In related 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 value of $6,697,000.00. Following the sale, the chief accounting officer owned 73,863 shares in the company, valued at $4,946,605.11. This represents a 57.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 22.60% of the stock is owned by insiders.

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.