Acadian Asset Management (NYSE:AAMI) Director Sells $1,475,028.90 in Stock

Acadian Asset Management Inc. (NYSE:AAMI) Director Robert Chersi sold 28,753 shares of the firm’s stock in a transaction on Wednesday, February 11th. The shares were sold at an average price of $51.30, for a total transaction of $1,475,028.90. Following the sale, the director owned 37,384 shares in the company, valued at approximately $1,917,799.20. This represents a 43.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Acadian Asset Management Stock Performance

Shares of Acadian Asset Management stock opened at $51.87 on Friday. The firm has a 50-day simple moving average of $50.81 and a two-hundred day simple moving average of $47.90. Acadian Asset Management Inc. has a fifty-two week low of $22.60 and a fifty-two week high of $56.46. The company has a market cap of $1.85 billion, a P/E ratio of 23.47 and a beta of 1.31.

Acadian Asset Management (NYSE:AAMI) last posted its earnings results on Thursday, February 5th. The company reported $1.32 EPS for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.06). The business had revenue of $169.70 million for the quarter. Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. Equities research analysts forecast that Acadian Asset Management Inc. will post 2.78 EPS for the current year.

Acadian Asset Management Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from Acadian Asset Management’s previous quarterly dividend of $0.01. The ex-dividend date is Friday, March 13th. Acadian Asset Management’s dividend payout ratio (DPR) is presently 1.81%.

Hedge Funds Weigh In On Acadian Asset Management

Several hedge funds and other institutional investors have recently modified their holdings of the business. Kestra Advisory Services LLC purchased a new stake in Acadian Asset Management during the 4th quarter valued at about $119,000. Transamerica Financial Advisors LLC lifted its stake in Acadian Asset Management by 380.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock worth $38,000 after purchasing an additional 635 shares in the last quarter. Soros Fund Management LLC boosted its holdings in shares of Acadian Asset Management by 61.3% during the 4th quarter. Soros Fund Management LLC now owns 737,367 shares of the company’s stock worth $34,656,000 after purchasing an additional 280,239 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of Acadian Asset Management by 4.1% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 24,069 shares of the company’s stock valued at $1,130,000 after purchasing an additional 943 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of Acadian Asset Management by 0.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 419,346 shares of the company’s stock valued at $19,709,000 after purchasing an additional 2,848 shares during the last quarter. 98.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.