Citigroup Inc. Increases Holdings in Acadian Asset Management Inc. $AAMI

Citigroup Inc. grew its position in shares of Acadian Asset Management Inc. (NYSE:AAMI) by 105.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,031 shares of the company’s stock after buying an additional 26,252 shares during the quarter. Citigroup Inc. owned 0.14% of Acadian Asset Management worth $2,458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of AAMI. Jupiter Asset Management Ltd. grew its holdings in shares of Acadian Asset Management by 56.7% in the third quarter. Jupiter Asset Management Ltd. now owns 105,232 shares of the company’s stock worth $5,068,000 after acquiring an additional 38,097 shares during the period. GSA Capital Partners LLP bought a new position in Acadian Asset Management in the third quarter valued at about $254,000. Illinois Municipal Retirement Fund lifted its holdings in Acadian Asset Management by 5.4% in the third quarter. Illinois Municipal Retirement Fund now owns 15,435 shares of the company’s stock valued at $743,000 after acquiring an additional 794 shares during the period. LSV Asset Management boosted its position in Acadian Asset Management by 8.5% in the third quarter. LSV Asset Management now owns 84,400 shares of the company’s stock worth $4,065,000 after purchasing an additional 6,600 shares during the last quarter. Finally, Navellier & Associates Inc. purchased a new position in Acadian Asset Management in the third quarter worth about $310,000. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. 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. Royal Bank Of Canada raised 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 report on Friday, February 6th. Morgan Stanley boosted their target price on shares of Acadian Asset Management from $49.00 to $50.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Acadian Asset Management in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Acadian Asset Management currently has an average rating of “Hold” and a consensus target price of $52.00.

Acadian Asset Management Stock Performance

NYSE AAMI opened at $51.16 on Friday. The business’s fifty day moving average is $52.54 and its 200 day moving average is $48.82. Acadian Asset Management Inc. has a fifty-two week low of $22.60 and a fifty-two week high of $57.03. The company has a market capitalization of $1.83 billion, a PE ratio of 23.15 and a beta of 1.32.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly 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). Acadian Asset Management had a return on equity of 165.86% and a net margin of 14.19%.The company had revenue of $169.70 million during the quarter. On average, sell-side analysts forecast that Acadian Asset Management Inc. will post 2.78 EPS for the current year.

Acadian Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.40 annualized dividend and a yield of 0.8%. This is a positive change from Acadian Asset Management’s previous quarterly dividend of $0.01. Acadian Asset Management’s payout ratio is currently 18.10%.

Insider Activity at Acadian Asset Management

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

Acadian Asset Management 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.