Acadian Asset Management (NYSE:AAMI) Hits New 52-Week High Following Analyst Upgrade

Acadian Asset Management Inc. (NYSE:AAMI)’s stock price reached a new 52-week high on Wednesday after Morgan Stanley raised their price target on the stock from $50.00 to $54.00. Morgan Stanley currently has an equal weight rating on the stock. Acadian Asset Management traded as high as $57.15 and last traded at $58.0010, with a volume of 17939 shares. The stock had previously closed at $54.42.

A number of other analysts have also commented on AAMI. Royal Bank Of Canada boosted 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 research report on Friday, February 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Acadian Asset Management has a consensus rating of “Hold” and a consensus target price of $53.33.

Insider Activity at Acadian Asset Management

In other news, Director Robert J. Chersi sold 28,753 shares of the company’s stock in a transaction that occurred on Wednesday, February 11th. The stock was 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 $1,917,799.20. This represents a 43.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Barbara Trebbi sold 9,691 shares of the 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 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 position. The SEC filing for this sale provides additional information. 26.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Transamerica Financial Advisors LLC raised its holdings in shares of Acadian Asset Management by 380.2% in 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 during the period. EverSource Wealth Advisors LLC bought a new position in Acadian Asset Management during the second quarter worth about $31,000. Raymond James Financial Inc. acquired a new position in Acadian Asset Management during the second quarter worth approximately $61,000. WealthCollab LLC acquired a new position in Acadian Asset Management during the second quarter worth approximately $65,000. Finally, Kestra Advisory Services LLC bought a new stake in Acadian Asset Management in the fourth quarter valued at approximately $119,000. Institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Price Performance

The company has a market capitalization of $2.01 billion, a price-to-earnings ratio of 25.51 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 $49.29.

Acadian Asset Management (NYSE:AAMI) last issued its earnings results on Friday, February 27th. The company reported $1.32 EPS for the quarter. The company 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%. Equities analysts forecast that Acadian Asset Management Inc. will post 2.78 earnings per share for the current year.

Acadian Asset Management Increases Dividend

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