Acadian Asset Management Inc. (NYSE:AAMI) Receives Average Recommendation of “Hold” from Brokerages

Shares of Acadian Asset Management Inc. (NYSE:AAMI) have been given an average rating of “Hold” by the five brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $81.6667.

A number of equities research analysts have issued reports on the stock. Evercore set a $84.00 price objective on shares of Acadian Asset Management in a report on Friday, July 10th. Morgan Stanley set a $81.00 target price on shares of Acadian Asset Management in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Wall Street Zen upgraded shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Finally, Royal Bank Of Canada boosted their price target on shares of Acadian Asset Management from $72.00 to $80.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st.

Institutional Investors Weigh In On Acadian Asset Management

A number of hedge funds have recently made changes to their positions in AAMI. Corient Private Wealth LP bought a new position in Acadian Asset Management during the second quarter valued at approximately $331,000. Amundi bought a new stake in Acadian Asset Management in the 2nd quarter worth approximately $22,694,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Acadian Asset Management in the 2nd quarter worth approximately $1,266,000. California State Teachers Retirement System raised its holdings in shares of Acadian Asset Management by 9,010.0% during the 2nd quarter. California State Teachers Retirement System now owns 2,466,081 shares of the company’s stock worth $176,374,000 after acquiring an additional 2,439,011 shares in the last quarter. Finally, Kintra Wealth LLC purchased a new stake in shares of Acadian Asset Management during the 2nd quarter worth approximately $191,000. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

Acadian Asset Management Trading Up 1.8%

NYSE:AAMI opened at $97.33 on Friday. The stock has a 50-day moving average price of $83.58 and a 200 day moving average price of $69.97. The stock has a market capitalization of $3.45 billion, a P/E ratio of 34.39 and a beta of 1.30. Acadian Asset Management has a 12-month low of $41.47 and a 12-month high of $98.30.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.30. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%.The company had revenue of $183.20 million for the quarter. On average, research analysts predict that Acadian Asset Management will post 5.07 earnings per share for the current fiscal year.

Acadian Asset Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 11th. Acadian Asset Management’s payout ratio is 14.13%.

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.