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

Acadian Asset Management Inc. (NYSE:AAMI) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $63.45 and last traded at $63.2290, with a volume of 323271 shares. The stock had previously closed at $61.93.

Analyst Ratings Changes

AAMI has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Acadian Asset Management in a report on Monday, December 29th. Evercore set a $60.00 price objective on Acadian Asset Management in a report on Friday. Morgan Stanley increased their price objective on Acadian Asset Management from $50.00 to $54.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 1st. Royal Bank Of Canada raised their price target on Acadian Asset Management from $52.00 to $54.00 and gave the company a “sector perform” rating in a report on Friday, February 6th. Finally, Wall Street Zen lowered Acadian Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $56.00.

Acadian Asset Management Stock Up 2.1%

The stock’s fifty day moving average price is $53.45 and its 200 day moving average price is $49.86. The stock has a market cap of $2.26 billion, a PE ratio of 28.61 and a beta of 1.26.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings results on Friday, February 27th. The company reported $1.32 EPS for the quarter. Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. The firm had revenue of $169.70 million for the quarter. On average, equities research analysts expect that Acadian Asset Management Inc. will post 2.78 earnings per share for the current fiscal year.

Acadian Asset Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, March 13th. This is a positive change from Acadian Asset Management’s previous quarterly dividend of $0.01. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.6%. Acadian Asset Management’s dividend payout ratio is currently 18.10%.

Insider Buying and Selling

In related news, Director Barbara Trebbi sold 9,691 shares of Acadian Asset Management stock in a transaction dated Tuesday, February 10th. The stock was 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 in the company, valued at approximately $1,832,190.62. This trade represents a 21.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 sale, the director owned 37,384 shares of the company’s stock, valued at $1,917,799.20. The trade was a 43.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 26.00% of the company’s stock.

Institutional Investors Weigh In On Acadian Asset Management

Several large investors have recently bought and sold shares of AAMI. Jacobs Levy Equity Management Inc. bought a new stake in Acadian Asset Management in the 3rd quarter worth about $20,059,000. GW&K Investment Management LLC bought a new stake in Acadian Asset Management in the 3rd quarter worth about $18,479,000. SG Americas Securities LLC increased its holdings in Acadian Asset Management by 1,414.9% in the 4th quarter. SG Americas Securities LLC now owns 359,613 shares of the company’s stock worth $16,902,000 after buying an additional 335,874 shares in the last quarter. Soros Fund Management LLC increased its holdings in Acadian Asset Management by 61.3% in the 4th quarter. Soros Fund Management LLC now owns 737,367 shares of the company’s stock worth $34,656,000 after buying an additional 280,239 shares in the last quarter. Finally, Amundi bought a new stake in Acadian Asset Management in the 3rd quarter worth about $11,361,000. 98.69% of the stock is currently owned by institutional investors.

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.