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

Shares of Acadian Asset Management Inc. (NYSE:AAMI) reached a new 52-week high on Monday . The company traded as high as $77.20 and last traded at $76.1620, with a volume of 24093 shares changing hands. The stock had previously closed at $74.00.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AAMI. Evercore set a $60.00 price target on shares of Acadian Asset Management in a report on Friday, April 10th. Weiss Ratings lowered shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Morgan Stanley increased 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 note on Tuesday, April 28th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $66.00 price target on shares of Acadian Asset Management in a report on Wednesday, May 20th. Finally, Wall Street Zen upgraded shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $62.00.

Acadian Asset Management Stock Performance

The stock has a market cap of $2.72 billion, a P/E ratio of 32.50 and a beta of 1.33. The stock has a 50-day moving average price of $66.36 and a 200-day moving average price of $55.99.

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

Acadian Asset Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Acadian Asset Management’s dividend payout ratio is presently 17.02%.

Insider Buying and Selling at Acadian Asset Management

In other news, CAO Richard Jonathan Hart sold 100,000 shares of Acadian Asset Management 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 completion of the sale, the chief accounting officer directly owned 73,863 shares of the company’s stock, valued at approximately $4,946,605.11. The trade was a 57.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 22.60% of the company’s stock.

Institutional Investors Weigh In On Acadian Asset Management

A number of large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new stake in Acadian Asset Management during the second quarter worth about $31,000. Transamerica Financial Advisors LLC boosted its holdings in shares of Acadian Asset Management by 380.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock worth $38,000 after purchasing an additional 635 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Acadian Asset Management during the 2nd quarter valued at about $61,000. WealthCollab LLC purchased a new position in shares of Acadian Asset Management during the 2nd quarter valued at about $65,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Acadian Asset Management during the 2nd quarter valued at about $97,000. Hedge funds and other institutional investors 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.