Brokerages Set Acadian Asset Management Inc. (NYSE:AAMI) PT at $52.00

Shares of Acadian Asset Management Inc. (NYSE:AAMI) have been assigned a consensus recommendation of “Hold” from the five research firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $52.00.

Several analysts have recently issued reports on the stock. Morgan Stanley boosted 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 research report on Tuesday, February 3rd. Wall Street Zen raised shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Royal Bank Of Canada lifted their price objective on shares of Acadian Asset Management from $52.00 to $54.00 and gave the company a “sector perform” rating in a research note on Friday, February 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Acadian Asset Management in a report on Monday, December 29th.

Acadian Asset Management Stock Performance

Shares of AAMI opened at $51.16 on Friday. The business has a 50-day moving average of $52.54 and a 200 day moving average of $48.84. Acadian Asset Management has a fifty-two week low of $22.60 and a fifty-two week high of $57.03. The firm has a market cap of $1.83 billion, a P/E ratio of 23.15 and a beta of 1.32.

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

Acadian Asset Management Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is 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 is presently 1.81%.

Insider Transactions at Acadian Asset Management

In other Acadian Asset Management news, Director Barbara Trebbi sold 9,691 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total value 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 trade represents a 21.32% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert J. Chersi sold 28,753 shares of Acadian Asset Management 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 26.00% of the company’s stock.

Hedge Funds Weigh In On Acadian Asset Management

Several hedge funds have recently bought and sold shares of AAMI. EverSource Wealth Advisors LLC purchased a new stake in Acadian Asset Management in the 2nd quarter worth approximately $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 valued at $38,000 after purchasing an additional 635 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Acadian Asset Management during the 2nd quarter valued at $61,000. WealthCollab LLC bought a new position in shares of Acadian Asset Management in the second quarter worth $65,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in shares of Acadian Asset Management in the second quarter worth $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.