Acadian Asset Management (NYSE:AAMI) Sets New 1-Year High – What’s Next?

Acadian Asset Management Inc. (NYSE:AAMI) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $55.10 and last traded at $54.97, with a volume of 18169 shares changing hands. The stock had previously closed at $52.74.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AAMI shares. Wall Street Zen upgraded shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Morgan Stanley raised their target price on Acadian Asset Management from $46.00 to $49.00 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Zacks Research cut Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Finally, Evercore ISI set a $52.00 price objective on Acadian Asset Management in a research note on Thursday, November 6th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Acadian Asset Management currently has a consensus rating of “Hold” and a consensus target price of $47.67.

Acadian Asset Management Stock Down 0.1%

The company has a market capitalization of $1.95 billion, a PE ratio of 22.98 and a beta of 1.31. The stock has a 50-day moving average of $47.10 and a 200 day moving average of $45.80.

Acadian Asset Management Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 12th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. Acadian Asset Management’s dividend payout ratio (DPR) is currently 1.69%.

Hedge Funds Weigh In On Acadian Asset Management

Several institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC bought a new stake in Acadian Asset Management in the second quarter worth about $25,000. EverSource Wealth Advisors LLC bought a new stake in shares of Acadian Asset Management in the 2nd quarter worth approximately $31,000. GAMMA Investing LLC purchased a new position in Acadian Asset Management in the second quarter valued at approximately $37,000. Public Employees Retirement System of Ohio bought a new position in Acadian Asset Management during the second quarter valued at $44,000. Finally, CWM LLC purchased a new stake in Acadian Asset Management in the second quarter worth $55,000. Institutional investors own 98.69% of the company’s stock.

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.