Shares of Acadian Asset Management Inc. (NYSE:AAMI – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $82.72, but opened at $75.88. Acadian Asset Management shares last traded at $72.9460, with a volume of 498,782 shares trading hands.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on AAMI shares. Evercore set a $80.00 price target on shares of Acadian Asset Management in a report on Monday, June 8th. Royal Bank Of Canada restated a “sector perform” rating and set a $66.00 price target on shares of Acadian Asset Management in a report on Wednesday, May 20th. Weiss Ratings lowered shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Morgan Stanley boosted their price target on shares of Acadian Asset Management from $54.00 to $60.00 and gave the company an “equal weight” rating in a report on Tuesday, April 28th. Finally, Wall Street Zen upgraded shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $68.67.
Get Our Latest Analysis on Acadian Asset Management
Acadian Asset Management Stock Performance
Acadian Asset Management (NYSE:AAMI – Get Free Report) last released 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, equities research analysts predict that Acadian Asset Management Inc. will post 4.84 earnings per share for the current fiscal year.
Acadian Asset Management Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.5%. The ex-dividend date is Friday, June 12th. Acadian Asset Management’s dividend payout ratio is currently 17.02%.
Insiders Place Their Bets
In other Acadian Asset Management news, CAO Richard Jonathan Hart sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $66.97, for a total value of $6,697,000.00. Following the transaction, the chief accounting officer owned 73,863 shares in the company, valued at approximately $4,946,605.11. This represents a 57.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 22.60% of the company’s stock.
Institutional Trading of Acadian Asset Management
Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC bought a new stake in Acadian Asset Management in the second quarter worth approximately $31,000. Transamerica Financial Advisors LLC grew its position 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 acquiring an additional 635 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Acadian Asset Management in the second quarter worth approximately $61,000. WealthCollab LLC bought a new stake in Acadian Asset Management in the second quarter worth approximately $65,000. Finally, Russell Investments Group Ltd. bought a new stake in Acadian Asset Management in the second quarter worth approximately $97,000. 98.69% of the stock is owned by 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.
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