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

Acadian Asset Management Inc. (NYSE:AAMI)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $79.15 and last traded at $80.0390, with a volume of 246342 shares. The stock had previously closed at $78.54.

Wall Street Analysts Forecast Growth

AAMI has been the subject of a number of analyst reports. Evercore set a $80.00 price objective on shares of Acadian Asset Management in a research report on Monday, June 8th. Royal Bank Of Canada reiterated 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. 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. Zacks Research downgraded shares of Acadian Asset Management from a “hold” rating to a “strong sell” rating in a research report on Friday, June 5th. 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 equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Acadian Asset Management currently has a consensus rating of “Hold” and a consensus target price of $68.67.

Acadian Asset Management Stock Performance

The firm’s 50 day moving average is $68.72 and its 200-day moving average is $57.21. The company has a market cap of $2.87 billion, a PE ratio of 34.22 and a beta of 1.33.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings results on Thursday, April 30th. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate 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, analysts predict that Acadian Asset Management Inc. will post 4.84 EPS for the current year.

Acadian Asset Management Dividend Announcement

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

Insider Buying and Selling at Acadian Asset Management

In related news, CAO Richard Jonathan Hart sold 100,000 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer owned 73,863 shares of the company’s stock, valued at approximately $4,946,605.11. This trade represents a 57.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 22.60% of the company’s stock.

Hedge Funds Weigh In On Acadian Asset Management

A number of hedge funds have recently made changes to their positions in the stock. Jennison Associates LLC boosted its position in shares of Acadian Asset Management by 5.9% during the 1st quarter. Jennison Associates LLC now owns 2,022,207 shares of the company’s stock worth $110,049,000 after purchasing an additional 112,985 shares during the period. State Street Corp lifted its holdings in Acadian Asset Management by 0.5% during the 4th quarter. State Street Corp now owns 1,206,244 shares of the company’s stock worth $56,693,000 after buying an additional 5,541 shares in the last quarter. Impax Asset Management Group plc raised its holdings in shares of Acadian Asset Management by 10.4% in the 4th quarter. Impax Asset Management Group plc now owns 845,451 shares of the company’s stock valued at $39,736,000 after purchasing an additional 79,967 shares in the last quarter. Soros Fund Management LLC raised its holdings 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 valued at $34,656,000 after purchasing an additional 280,239 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Acadian Asset Management by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 685,272 shares of the company’s stock valued at $32,212,000 after purchasing an additional 29,082 shares in the last quarter. Hedge funds and other institutional investors own 98.69% of the company’s stock.

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.