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

Shares of Acadian Asset Management Inc. (NYSE:AAMI) reached a new 52-week high during trading on Monday . The company traded as high as $70.71 and last traded at $70.0080, with a volume of 29653 shares. The stock had previously closed at $68.63.

Wall Street Analysts Forecast Growth

AAMI has been the subject of a number of research reports. Morgan Stanley boosted their price target on shares of Acadian Asset Management from $54.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 28th. Royal Bank Of Canada boosted their price target on shares of Acadian Asset Management from $60.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Friday, May 1st. Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Finally, Evercore set a $60.00 price objective on shares of Acadian Asset Management in a report on Friday, April 10th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Acadian Asset Management has a consensus rating of “Hold” and an average price target of $62.00.

Acadian Asset Management Trading Up 5.6%

The stock has a market capitalization of $2.58 billion, a P/E ratio of 30.84 and a beta of 1.33. The stock’s fifty day moving average price is $58.21 and its two-hundred day moving average price is $52.18.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. The firm had revenue of $165.00 million during the quarter. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. As a group, analysts expect that Acadian Asset Management Inc. will post 4.84 earnings per share for the current fiscal year.

Acadian Asset Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, June 12th. Acadian Asset Management’s dividend payout ratio is currently 17.02%.

Insider Activity at Acadian Asset Management

In related news, Director Barbara Trebbi sold 9,691 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $51.22, for a total transaction of $496,373.02. Following the completion of the sale, the director directly owned 35,771 shares in the company, valued at $1,832,190.62. This represents a 21.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Richard Jonathan Hart sold 100,000 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $66.97, for a total transaction of $6,697,000.00. Following the sale, the chief accounting officer owned 73,863 shares of the company’s stock, valued at $4,946,605.11. This represents a 57.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 138,444 shares of company stock worth $8,668,402 in the last three months. 22.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AAMI. Jacobs Levy Equity Management Inc. bought a new position in Acadian Asset Management in the 3rd quarter worth $20,059,000. GW&K Investment Management LLC bought a new position in Acadian Asset Management in the 3rd quarter worth $18,479,000. SG Americas Securities LLC raised 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 purchasing an additional 335,874 shares in the last quarter. Boston Trust Walden Corp bought a new position in shares of Acadian Asset Management in the 1st quarter worth about $15,325,000. Finally, Soros Fund Management LLC increased its stake in shares of 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 acquiring an additional 280,239 shares in the last quarter. 98.69% of the stock is currently 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.