Acadian Asset Management (NYSE:AAMI) Trading Down 7% – Here’s Why

Acadian Asset Management Inc. (NYSE:AAMI)’s share price traded down 7% during trading on Thursday . The stock traded as low as $52.35 and last traded at $52.28. 14,677 shares were traded during mid-day trading, a decline of 95% from the average session volume of 267,488 shares. The stock had previously closed at $56.20.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Acadian Asset Management in a research note on Monday, December 29th. Morgan Stanley upped their price objective on Acadian Asset Management from $50.00 to $54.00 and gave the company an “equal weight” rating in a report on Wednesday. Royal Bank Of Canada increased their price objective on Acadian Asset Management from $52.00 to $54.00 and gave the stock a “sector perform” rating in a research report on Friday, February 6th. Finally, Wall Street Zen raised shares of Acadian Asset Management from a “hold” rating to a “buy” rating in a research report on Saturday, February 7th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $53.33.

Acadian Asset Management Stock Performance

The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of 24.92 and a beta of 1.26. The firm has a fifty day moving average price of $52.94 and a 200-day moving average price of $49.29.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings data on Friday, February 27th. The company reported $1.32 earnings per share for the quarter. The business had revenue of $169.70 million during the quarter. Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. On average, sell-side analysts forecast that Acadian Asset Management Inc. will post 2.78 EPS for the current fiscal year.

Acadian Asset Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were issued a dividend of $0.10 per share. This is a boost from Acadian Asset Management’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%. Acadian Asset Management’s payout ratio is currently 18.10%.

Insider Activity at Acadian Asset Management

In other Acadian Asset Management news, Director Robert J. Chersi sold 28,753 shares of the company’s stock in a transaction on Wednesday, February 11th. The stock was sold at an average price of $51.30, for a total transaction of $1,475,028.90. Following the completion of the sale, the director directly owned 37,384 shares in the company, valued at $1,917,799.20. This represents a 43.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barbara Trebbi sold 9,691 shares of the firm’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $51.22, for a total value of $496,373.02. Following the completion of the sale, the director directly owned 35,771 shares in the company, valued at approximately $1,832,190.62. This represents a 21.32% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 26.00% of the company’s stock.

Institutional Trading of Acadian Asset Management

Several institutional investors and hedge funds have recently modified their holdings of AAMI. Transamerica Financial Advisors LLC grew its position in Acadian Asset Management by 380.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after acquiring an additional 635 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in shares of Acadian Asset Management in the second quarter worth about $31,000. Raymond James Financial Inc. bought a new position in shares of Acadian Asset Management in the second quarter worth about $61,000. WealthCollab LLC acquired a new stake in shares of Acadian Asset Management in the 2nd quarter valued at approximately $65,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Acadian Asset Management in the 4th quarter valued at approximately $119,000. 98.69% of the stock is currently owned by institutional investors.

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.