GW&K Investment Management LLC Buys Shares of 383,707 Acadian Asset Management Inc. $AAMI

GW&K Investment Management LLC purchased a new position in Acadian Asset Management Inc. (NYSE:AAMI) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 383,707 shares of the company’s stock, valued at approximately $18,479,000.

Other hedge funds have also made changes to their positions in the company. Citigroup Inc. raised its stake in shares of Acadian Asset Management by 105.9% in the 3rd quarter. Citigroup Inc. now owns 51,031 shares of the company’s stock valued at $2,458,000 after acquiring an additional 26,252 shares in the last quarter. Jupiter Asset Management Ltd. raised its position in shares of Acadian Asset Management by 56.7% in the third quarter. Jupiter Asset Management Ltd. now owns 105,232 shares of the company’s stock valued at $5,068,000 after purchasing an additional 38,097 shares during the period. GSA Capital Partners LLP bought a new position in shares of Acadian Asset Management in the third quarter valued at approximately $254,000. Illinois Municipal Retirement Fund lifted its stake in shares of Acadian Asset Management by 5.4% in the third quarter. Illinois Municipal Retirement Fund now owns 15,435 shares of the company’s stock worth $743,000 after buying an additional 794 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Acadian Asset Management by 8.5% during the 3rd quarter. LSV Asset Management now owns 84,400 shares of the company’s stock worth $4,065,000 after buying an additional 6,600 shares during the period. Institutional investors and hedge funds own 98.69% of the company’s stock.

Insider Buying and Selling

In related news, Director Robert J. Chersi sold 28,753 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $51.30, for a total value of $1,475,028.90. Following the completion of the transaction, the director directly owned 37,384 shares in the company, valued at approximately $1,917,799.20. This represents a 43.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Barbara Trebbi sold 9,691 shares of the firm’s stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total value of $496,373.02. Following the completion of the transaction, the director directly owned 35,771 shares of the company’s stock, valued at approximately $1,832,190.62. This trade represents a 21.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 26.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented 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, February 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Morgan Stanley boosted their price objective on Acadian Asset Management from $49.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 3rd. Evercore set a $52.00 target price on Acadian Asset Management in a research note on Thursday, November 6th. Finally, Royal Bank Of Canada raised their target price on Acadian Asset Management from $52.00 to $54.00 and gave the company a “sector perform” rating in a report on Friday, February 6th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $52.00.

Acadian Asset Management Price Performance

NYSE AAMI opened at $53.51 on Friday. The company’s fifty day moving average is $52.48 and its two-hundred day moving average is $48.79. Acadian Asset Management Inc. has a 52-week low of $22.60 and a 52-week high of $57.03. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 24.21 and a beta of 1.32.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings data on Thursday, February 5th. The company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.06). Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. The company had revenue of $169.70 million for the quarter. As a group, sell-side analysts expect that Acadian Asset Management Inc. will post 2.78 earnings per share for the current fiscal year.

Acadian Asset Management Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be issued a $0.10 dividend. This is a positive change from Acadian Asset Management’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.40 annualized dividend and a yield of 0.7%. Acadian Asset Management’s payout ratio is currently 1.81%.

Acadian Asset Management 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.