Royce & Associates LP Sells 8,351 Shares of Acadian Asset Management Inc. $AAMI

Royce & Associates LP cut its holdings in shares of Acadian Asset Management Inc. (NYSE:AAMI) by 17.5% in the 4th quarter, HoldingsChannel reports. The fund owned 39,301 shares of the company’s stock after selling 8,351 shares during the period. Royce & Associates LP’s holdings in Acadian Asset Management were worth $1,847,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Jennison Associates LLC increased its position in shares of Acadian Asset Management by 10.4% during the fourth quarter. Jennison Associates LLC now owns 1,909,222 shares of the company’s stock worth $89,733,000 after acquiring an additional 179,380 shares in the last quarter. Impax Asset Management Group plc increased its position in shares of Acadian Asset Management by 10.4% during the fourth quarter. Impax Asset Management Group plc now owns 845,451 shares of the company’s stock worth $39,736,000 after acquiring an additional 79,967 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Acadian Asset Management by 1.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 619,344 shares of the company’s stock worth $29,828,000 after acquiring an additional 8,365 shares in the last quarter. North Reef Capital Management LP increased its position in shares of Acadian Asset Management by 6.6% during the third quarter. North Reef Capital Management LP now owns 511,452 shares of the company’s stock worth $24,632,000 after acquiring an additional 31,452 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Acadian Asset Management by 72.1% during the third quarter. Invesco Ltd. now owns 420,414 shares of the company’s stock worth $20,247,000 after acquiring an additional 176,144 shares in the last quarter. 98.69% of the stock is owned by institutional investors.

Acadian Asset Management Stock Performance

Shares of AAMI stock opened at $72.51 on Friday. Acadian Asset Management Inc. has a 52-week low of $29.26 and a 52-week high of $76.13. The company has a 50-day simple moving average of $64.23 and a two-hundred day simple moving average of $54.87. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 30.85 and a beta of 1.33.

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

Acadian Asset Management Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, June 12th. Acadian Asset Management’s payout ratio is presently 17.02%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AAMI. Morgan Stanley boosted their target price on shares of Acadian Asset Management from $54.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Weiss Ratings downgraded shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $66.00 price objective on shares of Acadian Asset Management in a research report on Wednesday, May 20th. Evercore set a $60.00 price objective on shares of Acadian Asset Management in a research report on Friday, April 10th. Finally, Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Acadian Asset Management presently has a consensus rating of “Hold” and a consensus price target of $62.00.

Insiders Place Their Bets

In other Acadian Asset Management news, CAO Richard Jonathan Hart sold 100,000 shares of the business’s stock in a transaction dated 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 directly owned 73,863 shares in the company, valued at $4,946,605.11. The trade was a 57.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 22.60% of the stock is currently owned by insiders.

Acadian Asset Management Company Profile

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.