Acadian Asset Management Inc. $AAMI Shares Bought by Kendall Capital Management

Kendall Capital Management lifted its position in shares of Acadian Asset Management Inc. (NYSE:AAMI) by 112.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 32,260 shares of the company’s stock after purchasing an additional 17,110 shares during the period. Kendall Capital Management’s holdings in Acadian Asset Management were worth $1,516,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AAMI. Linden Thomas Advisory Services LLC boosted its holdings in Acadian Asset Management by 3.5% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 30,077 shares of the company’s stock valued at $1,414,000 after acquiring an additional 1,011 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Acadian Asset Management by 27.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 368,164 shares of the company’s stock worth $17,444,000 after acquiring an additional 79,126 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of 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 during the period. Tudor Investment Corp ET AL lifted its stake in shares of Acadian Asset Management by 42.6% in the 3rd quarter. Tudor Investment Corp ET AL now owns 225,579 shares of the company’s stock valued at $10,864,000 after purchasing an additional 67,385 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Acadian Asset Management in the 3rd quarter valued at about $20,059,000. 98.69% of the stock is owned by hedge funds and other institutional investors.

Acadian Asset Management Price Performance

Shares of NYSE AAMI opened at $55.34 on Friday. Acadian Asset Management Inc. has a 1-year low of $22.60 and a 1-year high of $58.35. The business has a 50-day moving average of $52.94 and a 200-day moving average of $49.33. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 25.04 and a beta of 1.26.

Acadian Asset Management (NYSE:AAMI) last announced its earnings results on Friday, February 27th. The company reported $1.32 EPS for the quarter. The business had revenue of $169.70 million for the quarter. Acadian Asset Management had a return on equity of 165.86% and a net margin of 14.19%. Research analysts expect that Acadian Asset Management Inc. will post 2.78 EPS for the current fiscal year.

Acadian Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.7%. This is a positive change from Acadian Asset Management’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Friday, March 13th. Acadian Asset Management’s dividend payout ratio is 18.10%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on AAMI. Weiss Ratings reissued a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Morgan Stanley lifted their price target on shares of Acadian Asset Management from $50.00 to $54.00 and gave the company an “equal weight” rating in a research report on Wednesday. Royal Bank Of Canada boosted their price objective on shares of Acadian Asset Management from $52.00 to $54.00 and gave the stock a “sector perform” rating in a research note 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 equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Acadian Asset Management presently has an average rating of “Hold” and a consensus target price of $53.33.

Insider Buying and Selling

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