Acadian Asset Management (NYSE:AAMI) Hits New 52-Week High – Still a Buy?

Shares of Acadian Asset Management Inc. (NYSE:AAMI) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $68.82 and last traded at $66.97, with a volume of 395081 shares. The stock had previously closed at $66.71.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AAMI shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Royal Bank Of Canada upped their target price 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. Morgan Stanley increased their price objective on shares of Acadian Asset Management from $50.00 to $54.00 and gave the company an “equal weight” rating in a report on Wednesday, April 1st. Wall Street Zen lowered shares of Acadian Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Evercore set a $60.00 price objective on shares of Acadian Asset Management in a report on Friday, April 10th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $56.00.

Acadian Asset Management Stock Up 0.7%

The company’s fifty day moving average is $54.67 and its two-hundred day moving average is $50.37. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 30.38 and a beta of 1.26.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings data on Friday, February 27th. The company reported $1.32 earnings per share for the quarter. Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. The business had revenue of $169.70 million for the quarter. On average, equities research analysts expect 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 was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.6%. This is a boost from Acadian Asset Management’s previous quarterly dividend of $0.01. The ex-dividend date was Friday, March 13th. Acadian Asset Management’s dividend payout ratio (DPR) is 18.10%.

Insider Buying and Selling at Acadian Asset Management

In other Acadian Asset Management news, Director Robert J. Chersi sold 28,753 shares of the stock in a transaction on 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 sale, the director directly 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 document filed with the SEC, which is accessible through the SEC website. Also, Director Barbara Trebbi sold 9,691 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total transaction of $496,373.02. Following the completion of 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. The disclosure for this sale is available in the SEC filing. Company insiders own 26.00% of the company’s stock.

Institutional Investors Weigh In On Acadian Asset Management

Several hedge funds have recently bought and sold shares of AAMI. EverSource Wealth Advisors LLC acquired a new stake in Acadian Asset Management in the second quarter worth $31,000. Transamerica Financial Advisors LLC raised its holdings in Acadian Asset Management by 380.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock worth $38,000 after purchasing an additional 635 shares during the period. Raymond James Financial Inc. acquired a new stake in Acadian Asset Management in the second quarter worth $61,000. WealthCollab LLC acquired a new stake in Acadian Asset Management in the second quarter worth $65,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Acadian Asset Management during the second quarter worth $97,000. 98.69% of the stock is currently owned by institutional investors and hedge funds.

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.