Acadian Asset Management (NYSE:AAMI) Hits New 52-Week High – What’s Next?

Shares of Acadian Asset Management Inc. (NYSE:AAMI) reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $100.65 and last traded at $97.3410, with a volume of 25,252 shares traded. The stock had previously closed at $97.57.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AAMI shares. Wall Street Zen downgraded Acadian Asset Management from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 8th. Royal Bank Of Canada increased their price target on Acadian Asset Management from $85.00 to $88.00 and gave the stock a “sector perform” rating in a report on Friday, October 30th. Weiss Ratings raised Acadian Asset Management from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday. Evercore set a $102.00 price objective on Acadian Asset Management in a research report on Friday, October 9th. Finally, Zacks Research upgraded shares of Acadian Asset Management from a “hold” rating to a “strong-buy” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $100.00.

Acadian Asset Management Stock Down 2.2%

The company’s 50-day moving average price is $92.48 and its 200-day moving average price is $75.42. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 27.88 and a beta of 1.29.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings data on Thursday, October 29th. The company reported $1.36 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.14. Acadian Asset Management had a net margin of 17.02% and a return on equity of 139.70%. The firm had revenue of $189.10 million during the quarter. On average, sell-side analysts predict that Acadian Asset Management Inc. will post 5.73 earnings per share for the current fiscal year.

Acadian Asset Management Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Friday, December 11th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, December 11th. Acadian Asset Management’s dividend payout ratio (DPR) is currently 11.73%.

Hedge Funds Weigh In On Acadian Asset Management

Several institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC raised its stake in shares of Acadian Asset Management by 17.4% in the third quarter. Farther Finance Advisors LLC now owns 754 shares of the company’s stock valued at $69,000 after acquiring an additional 112 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Acadian Asset Management by 11.2% in the third quarter. GAMMA Investing LLC now owns 1,345 shares of the company’s stock valued at $123,000 after purchasing an additional 136 shares during the period. ProShare Advisors LLC grew its stake in Acadian Asset Management by 3.4% during the 3rd quarter. ProShare Advisors LLC now owns 4,156 shares of the company’s stock worth $381,000 after purchasing an additional 137 shares in the last quarter. Summit Global Investments grew its stake in Acadian Asset Management by 1.2% during the 3rd quarter. Summit Global Investments now owns 17,115 shares of the company’s stock worth $1,570,000 after purchasing an additional 207 shares in the last quarter. Finally, Allworth Financial LP grew its stake in Acadian Asset Management by 57.9% during the 2nd quarter. Allworth Financial LP now owns 682 shares of the company’s stock worth $49,000 after purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 98.69% of the company’s stock.

Acadian Asset Management Company Profile

Acadian Asset Management is a global investment manager specializing in systematic, data-driven investment strategies. Founded in 1986, the firm applies quantitative research and technology to analyze markets and build portfolios. The firm offers investment strategies across global, international and emerging-markets equities, as well as multi-asset and alternative investments. Its offerings include long-only and long-short approaches and customized portfolio solutions for institutional investors and other clients.