Acadian Asset Management (NYSE:AAMI) Sets New 1-Year High – Still a Buy?

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

Wall Street Analyst Weigh In

AAMI has been the subject of several research reports. Wall Street Zen downgraded shares of Acadian Asset Management from a “buy” rating to a “hold” rating in a report on Sunday. Evercore ISI set a $52.00 target price on Acadian Asset Management in a report on Thursday, November 6th. Morgan Stanley boosted their price target on shares of Acadian Asset Management from $46.00 to $49.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Zacks Research cut shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a report on Friday, October 3rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Acadian Asset Management in a report on Monday, December 29th. One equities research 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 has an average rating of “Hold” and a consensus target price of $47.67.

Acadian Asset Management Trading Up 0.4%

The stock has a fifty day simple moving average of $47.48 and a 200-day simple moving average of $46.17. The company has a market capitalization of $1.94 billion, a PE ratio of 22.89 and a beta of 1.31.

Acadian Asset Management Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Paulson & CO. Inc. acquired a new position in Acadian Asset Management in the second quarter valued at $315,402,000. Jennison Associates LLC acquired a new stake in shares of Acadian Asset Management in the 2nd quarter valued at about $73,690,000. Impax Asset Management Group plc purchased a new position in Acadian Asset Management during the 2nd quarter worth approximately $35,240,000. William Blair Investment Management LLC acquired a new position in Acadian Asset Management during the second quarter worth approximately $25,094,000. Finally, Geode Capital Management LLC purchased a new stake in Acadian Asset Management in the second quarter valued at approximately $22,116,000. 98.69% of the stock is 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.