Allspring Global Investments Holdings LLC Has $17.44 Million Stock Holdings in Acadian Asset Management Inc. $AAMI

Allspring Global Investments Holdings LLC grew its holdings in Acadian Asset Management Inc. (NYSE:AAMI) by 27.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 368,164 shares of the company’s stock after acquiring an additional 79,126 shares during the quarter. Allspring Global Investments Holdings LLC owned 1.03% of Acadian Asset Management worth $17,444,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AAMI. EverSource Wealth Advisors LLC bought a new stake in shares of Acadian Asset Management in the second quarter valued at about $31,000. Raymond James Financial Inc. bought a new stake in shares of Acadian Asset Management in the second quarter worth $61,000. WealthCollab LLC acquired a new position in Acadian Asset Management during the second quarter worth $65,000. Russell Investments Group Ltd. bought a new position in Acadian Asset Management in the second quarter valued at $97,000. Finally, Tower Research Capital LLC TRC bought a new position in Acadian Asset Management in the second quarter valued at $116,000. Institutional investors own 98.69% of the company’s stock.

Analysts Set New Price Targets

AAMI has been the topic of several analyst reports. Wall Street Zen raised shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Morgan Stanley lifted their target price on Acadian Asset Management from $50.00 to $54.00 and gave the company an “equal weight” rating in a research report on Wednesday. Royal Bank Of Canada upped their target price on Acadian Asset Management from $52.00 to $54.00 and gave the stock a “sector perform” rating in a report on Friday, February 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Acadian Asset Management has a consensus rating of “Hold” and a consensus target price of $53.33.

Acadian Asset Management Stock Performance

Shares of AAMI stock opened at $55.34 on Friday. The firm’s 50-day moving average is $52.94 and its 200-day moving average is $49.39. Acadian Asset Management Inc. has a 52-week low of $22.60 and a 52-week high of $58.35. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 25.04 and a beta of 1.26.

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

Acadian Asset Management Increases Dividend

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

Insiders Place Their Bets

In other Acadian Asset Management news, Director Barbara Trebbi sold 9,691 shares of Acadian Asset Management stock in a transaction 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 completion of the sale, the director directly owned 35,771 shares of the company’s stock, valued at approximately $1,832,190.62. The trade was a 21.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert J. Chersi sold 28,753 shares of the company’s stock in a transaction dated 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 transaction, the director owned 37,384 shares in the company, valued at $1,917,799.20. This represents a 43.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 26.00% 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.