Acadian Asset Management (NYSE:AAMI) Given New $54.00 Price Target at Morgan Stanley

Acadian Asset Management (NYSE:AAMI) had its target price boosted by Morgan Stanley from $50.00 to $54.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other analysts have also issued reports about the stock. Royal Bank Of Canada increased their price objective on shares of Acadian Asset Management from $52.00 to $54.00 and gave the stock a “sector perform” rating in a research report on Friday, February 6th. Wall Street Zen raised Acadian Asset Management from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Acadian Asset Management in a report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $53.33.

Acadian Asset Management Stock Performance

NYSE:AAMI opened at $56.38 on Wednesday. The firm has a market capitalization of $2.01 billion, a PE ratio of 25.51 and a beta of 1.26. The stock’s fifty day moving average is $52.94 and its 200 day moving average is $49.29. Acadian Asset Management has a fifty-two week low of $22.60 and a fifty-two week high of $58.36.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings data on Friday, February 27th. The company reported $1.32 earnings per share for the quarter. Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. The business had revenue of $169.70 million for the quarter. Equities analysts forecast that Acadian Asset Management will post 2.78 EPS for the current year.

Acadian Asset Management Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a $0.10 dividend. The ex-dividend date was Friday, March 13th. This is a boost from Acadian Asset Management’s previous quarterly dividend of $0.01. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%. Acadian Asset Management’s dividend payout ratio (DPR) is currently 18.10%.

Insider Transactions at Acadian Asset Management

In other Acadian Asset Management news, Director Robert J. Chersi sold 28,753 shares of the business’s stock in a transaction dated Wednesday, February 11th. The shares were sold at an average price of $51.30, for a total value of $1,475,028.90. Following the completion of the sale, the director directly owned 37,384 shares of the company’s stock, valued at $1,917,799.20. The trade was a 43.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Barbara Trebbi sold 9,691 shares of the company’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total transaction of $496,373.02. Following the completion of the transaction, the director owned 35,771 shares in the company, valued at $1,832,190.62. This represents a 21.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 26.00% of the company’s stock.

Institutional Trading of Acadian Asset Management

A number of large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC purchased a new position in Acadian Asset Management during the 2nd quarter worth $31,000. Transamerica Financial Advisors LLC grew its position in shares of Acadian Asset Management by 380.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock worth $38,000 after buying an additional 635 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Acadian Asset Management during the second quarter valued at $61,000. WealthCollab LLC bought a new stake in shares of Acadian Asset Management in the second quarter valued at about $65,000. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Acadian Asset Management in the second quarter valued at about $95,000. Hedge funds and other 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.