Acadian Asset Management Inc. (NYSE:AAMI) Receives $52.00 Consensus Target Price from Brokerages

Acadian Asset Management Inc. (NYSE:AAMI) has earned a consensus rating of “Hold” from the five research firms that are presently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $53.3333.

Several 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, February 7th. Royal Bank Of Canada raised their target price 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. Morgan Stanley lifted their target price on shares of Acadian Asset Management from $50.00 to $54.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th.

Insider Buying and Selling

In other news, Director Barbara Trebbi sold 9,691 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $51.22, for a total value of $496,373.02. Following the transaction, the director owned 35,771 shares in the company, valued at approximately $1,832,190.62. This represents a 21.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Robert J. Chersi sold 28,753 shares of the stock in a transaction that occurred 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. The trade was a 43.47% decrease in their position. The SEC filing for this sale provides additional information. 26.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AAMI. PNC Financial Services Group Inc. purchased a new position in Acadian Asset Management during the second quarter valued at $103,000. Creative Planning bought a new position in shares of Acadian Asset Management during the 2nd quarter valued at approximately $817,000. Ensign Peak Advisors Inc bought a new position in shares of Acadian Asset Management during the 2nd quarter valued at approximately $439,000. Swiss National Bank purchased a new stake in Acadian Asset Management in the 2nd quarter worth approximately $1,872,000. Finally, JPMorgan Chase & Co. purchased a new stake in Acadian Asset Management in the 2nd quarter worth approximately $6,964,000. Institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Trading Down 1.5%

Shares of AAMI opened at $55.34 on Tuesday. Acadian Asset Management has a 12-month low of $22.60 and a 12-month high of $58.35. The company has a market cap of $1.98 billion, a PE ratio of 25.04 and a beta of 1.26. The stock has a 50-day moving average price of $52.94 and a 200-day moving average price of $49.33.

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

Acadian Asset Management Increases Dividend

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

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.