Acadian Asset Management Inc. (NYSE:AAMI) Receives $62.00 Consensus Target Price from Brokerages

Acadian Asset Management Inc. (NYSE:AAMIGet Free Report) has earned a consensus rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $62.00.

Several research firms have recently weighed in on AAMI. Evercore set a $60.00 price objective on shares of Acadian Asset Management in a research report on Friday, April 10th. Wall Street Zen upgraded shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Royal Bank Of Canada restated a “sector perform” rating and set a $66.00 price objective on shares of Acadian Asset Management in a research report on Wednesday, May 20th. Morgan Stanley raised their price objective on shares of Acadian Asset Management from $54.00 to $60.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 28th. Finally, Weiss Ratings cut shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th.

Check Out Our Latest Report on AAMI

Acadian Asset Management Stock Performance

Acadian Asset Management stock opened at $75.54 on Wednesday. The firm’s fifty day moving average price is $62.88 and its 200-day moving average price is $54.33. The stock has a market cap of $2.69 billion, a P/E ratio of 32.14 and a beta of 1.33. Acadian Asset Management has a fifty-two week low of $29.26 and a fifty-two week high of $76.13.

Acadian Asset Management (NYSE:AAMIGet Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.11. The firm had revenue of $165.00 million for the quarter. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. On average, analysts predict that Acadian Asset Management will post 4.84 earnings per share for the current year.

Acadian Asset Management Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. Acadian Asset Management’s dividend payout ratio (DPR) is currently 17.02%.

Insider Activity at Acadian Asset Management

In related news, CAO Richard Jonathan Hart sold 100,000 shares of the stock in a transaction on Monday, May 4th. The shares were sold at an average price of $66.97, for a total transaction of $6,697,000.00. Following the transaction, the chief accounting officer owned 73,863 shares of the company’s stock, valued at approximately $4,946,605.11. This trade represents a 57.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 22.60% of the company’s stock.

Hedge Funds Weigh In On Acadian Asset Management

Several institutional investors and hedge funds have recently made changes to their positions in AAMI. EverSource Wealth Advisors LLC bought a new position in shares of Acadian Asset Management during the 2nd quarter valued at $31,000. Transamerica Financial Advisors LLC grew its holdings 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 during the last quarter. Raymond James Financial Inc. bought 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 during the 2nd quarter valued at $65,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Acadian Asset Management during the 2nd quarter valued at $97,000. Institutional investors own 98.69% of the company’s stock.

About Acadian Asset Management

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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.

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Analyst Recommendations for Acadian Asset Management (NYSE:AAMI)

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