Acadian Asset Management (NYSE:AAMI) Hits New 12-Month High – Time to Buy?

Acadian Asset Management Inc. (NYSE:AAMI) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $55.38 and last traded at $55.0050, with a volume of 18750 shares. The stock had previously closed at $53.99.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AAMI shares. Evercore ISI set a $52.00 target price on shares of Acadian Asset Management in a research note on Thursday, November 6th. Wall Street Zen lowered shares of Acadian Asset Management from a “buy” rating to a “hold” rating in a research report on Sunday. Morgan Stanley lifted their price objective on Acadian Asset Management from $46.00 to $49.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Acadian Asset Management in a research note on Monday, December 29th. Finally, Zacks Research lowered Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $47.67.

Acadian Asset Management Price Performance

The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 22.89 and a beta of 1.31. The firm’s 50-day moving average is $47.48 and its 200 day moving average is $46.17.

Acadian Asset Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 12th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, December 12th. Acadian Asset Management’s payout ratio is 1.69%.

Institutional Investors Weigh In On Acadian Asset Management

Several institutional investors have recently bought and sold shares of the business. Signaturefd LLC purchased a new position in shares of Acadian Asset Management in the 2nd quarter valued at $25,000. EverSource Wealth Advisors LLC purchased a new position in Acadian Asset Management in the second quarter valued at about $31,000. GAMMA Investing LLC acquired a new position in shares of Acadian Asset Management during the second quarter worth about $37,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Acadian Asset Management in the second quarter worth about $44,000. Finally, CWM LLC acquired a new stake in shares of Acadian Asset Management in the second quarter valued at about $55,000. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

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.