Acadian Asset Management (NYSE:AAMI) Hits New 1-Year High – Should You Buy?

Acadian Asset Management Inc. (NYSE:AAMI)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $56.57 and last traded at $56.75, with a volume of 68880 shares. The stock had previously closed at $54.37.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Royal Bank Of Canada upped their price target on 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. Evercore set a $52.00 target price on shares of Acadian Asset Management in a research note on Thursday, November 6th. Wall Street Zen upgraded shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. Weiss Ratings restated a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Finally, Morgan Stanley upped their target price on shares of Acadian Asset Management from $49.00 to $50.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 3rd. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $52.00.

Acadian Asset Management Stock Up 3.7%

The company has a market capitalization of $2.01 billion, a PE ratio of 25.50 and a beta of 1.31. The company’s 50 day moving average is $51.54 and its two-hundred day moving average is $48.44.

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). Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. The company had revenue of $169.70 million for the quarter. 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 disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a dividend of $0.10 per share. This is a positive change from Acadian Asset Management’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.7%. Acadian Asset Management’s payout ratio is currently 1.81%.

Insider Buying and Selling

In related news, Director Robert J. Chersi sold 28,753 shares of Acadian Asset Management stock in a transaction dated Wednesday, February 11th. The stock was sold at an average price of $51.30, for a total value of $1,475,028.90. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Barbara Trebbi sold 9,691 shares of the company’s 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 sale, the director owned 35,771 shares in the company, valued at approximately $1,832,190.62. This trade represents a 21.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 26.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Acadian Asset Management

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Transamerica Financial Advisors LLC increased its position in Acadian Asset Management by 380.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after acquiring an additional 635 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new position in Acadian Asset Management during the 2nd quarter valued at $31,000. CWM LLC bought a new stake in shares of Acadian Asset Management during the second quarter worth $55,000. Raymond James Financial Inc. purchased a new stake in shares of Acadian Asset Management during the second quarter valued at $61,000. Finally, WealthCollab LLC purchased a new position in Acadian Asset Management in the 2nd quarter worth about $65,000. 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.