Acadian Asset Management (NYSE:AAMI) Hits New 52-Week High – Should You Buy?

Acadian Asset Management Inc. (NYSE:AAMI) shares reached a new 52-week high on Wednesday . The stock traded as high as $92.67 and last traded at $91.9090, with a volume of 493076 shares traded. The stock had previously closed at $89.78.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on AAMI shares. Evercore set a $84.00 price objective on Acadian Asset Management in a research note on Friday, July 10th. Royal Bank Of Canada lifted their price target on Acadian Asset Management from $72.00 to $80.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. Morgan Stanley set a $81.00 price objective on Acadian Asset Management in a research note on Wednesday, July 29th. Weiss Ratings lowered Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.67.

Acadian Asset Management Trading Up 0.2%

The company has a market capitalization of $3.26 billion, a PE ratio of 32.38 and a beta of 1.30. The company has a fifty day simple moving average of $78.79 and a 200-day simple moving average of $65.91.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.03 by $0.30. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%.The business had revenue of $183.20 million for the quarter. On average, equities analysts predict that Acadian Asset Management Inc. will post 5.07 EPS for the current fiscal year.

Acadian Asset Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, September 11th. Acadian Asset Management’s payout ratio is presently 14.13%.

Institutional Trading of Acadian Asset Management

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Transamerica Financial Advisors LLC lifted its holdings in Acadian Asset Management by 380.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after acquiring an additional 635 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in shares of Acadian Asset Management in the 2nd quarter valued at $31,000. Raymond James Financial Inc. acquired a new position in shares of Acadian Asset Management in the 2nd quarter valued at $61,000. WealthCollab LLC acquired a new position in shares of Acadian Asset Management in the 2nd quarter valued at $65,000. Finally, Kestra Advisory Services LLC purchased a new position in shares of Acadian Asset Management during the 4th quarter worth $119,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

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.