Acadian Asset Management Inc. (NYSE:AAMI) Receives $52.00 Average PT from Analysts

Acadian Asset Management Inc. (NYSE:AAMI) has earned a consensus recommendation of “Hold” from the five analysts that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $52.00.

Several equities analysts recently issued reports on the company. Evercore set a $52.00 price target on Acadian Asset Management in a research report on Thursday, November 6th. Royal Bank Of Canada increased their price objective 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. Weiss Ratings restated a “buy (b)” rating on shares of Acadian Asset Management in a research note on Monday, December 29th. Wall Street Zen raised shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Finally, Morgan Stanley raised their price target 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.

Institutional Investors Weigh In On Acadian Asset Management

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GW&K Investment Management LLC raised its holdings in Acadian Asset Management by 7.7% during the fourth quarter. GW&K Investment Management LLC now owns 413,093 shares of the company’s stock valued at $19,415,000 after acquiring an additional 29,386 shares during the period. Franklin Resources Inc. increased its stake in Acadian Asset Management by 1.5% during the fourth quarter. Franklin Resources Inc. now owns 42,986 shares of the company’s stock worth $2,020,000 after acquiring an additional 653 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Acadian Asset Management by 52.8% during the 4th quarter. JPMorgan Chase & Co. now owns 150,602 shares of the company’s stock valued at $7,078,000 after buying an additional 52,029 shares during the period. State of Wyoming lifted its holdings in shares of Acadian Asset Management by 5.8% in the 4th quarter. State of Wyoming now owns 9,274 shares of the company’s stock worth $436,000 after acquiring an additional 511 shares during the last quarter. Finally, Lido Advisors LLC raised its holdings in shares of Acadian Asset Management by 3.5% in the fourth quarter. Lido Advisors LLC now owns 8,922 shares of the company’s stock worth $427,000 after buying an additional 298 shares during the period. 98.69% of the stock is owned by hedge funds and other institutional investors.

Acadian Asset Management Trading Up 0.4%

AAMI stock opened at $51.84 on Monday. The company’s 50 day moving average is $50.59 and its 200 day moving average is $47.73. Acadian Asset Management has a 1-year low of $22.60 and a 1-year high of $56.46. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 23.46 and a beta of 1.31.

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

Acadian Asset Management Increases Dividend

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

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.