Acadian Asset Management (NYSE:AAMI) Shares Gap Up – Still a Buy?

Acadian Asset Management Inc. (NYSE:AAMI)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $59.43, but opened at $61.81. Acadian Asset Management shares last traded at $61.4820, with a volume of 5,901 shares traded.

Analyst Upgrades and Downgrades

AAMI has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Acadian Asset Management in a research report on Monday, December 29th. 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. Morgan Stanley increased their price objective on shares of Acadian Asset Management from $50.00 to $54.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 1st. Finally, Royal Bank Of Canada increased their price objective on shares of Acadian Asset Management from $52.00 to $54.00 and gave the company a “sector perform” rating in a research note on Friday, February 6th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Acadian Asset Management presently has an average rating of “Hold” and a consensus target price of $53.33.

Acadian Asset Management Stock Up 0.1%

The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 28.02 and a beta of 1.26. The company’s 50 day simple moving average is $53.17 and its two-hundred day simple moving average is $49.64.

Acadian Asset Management (NYSE:AAMI) last announced its earnings results on Friday, February 27th. The company reported $1.32 earnings per share for the quarter. The company 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%. Analysts anticipate that Acadian Asset Management Inc. will post 2.78 EPS for the current year.

Acadian Asset Management Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.6%. This is a positive change from Acadian Asset Management’s previous quarterly dividend of $0.01. The ex-dividend date was Friday, March 13th. Acadian Asset Management’s payout ratio is 18.10%.

Insider Buying and Selling at Acadian Asset Management

In other news, Director Barbara Trebbi sold 9,691 shares of Acadian Asset Management stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $51.22, for a total transaction 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. The trade was a 21.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert J. Chersi sold 28,753 shares of Acadian Asset Management 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 sale, the director owned 37,384 shares of the company’s stock, valued at $1,917,799.20. The trade was a 43.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 26.00% of the company’s stock.

Institutional Investors Weigh In On Acadian Asset Management

Institutional investors and hedge funds have recently made changes to their positions in the stock. Federated Hermes Inc. lifted its stake in shares of Acadian Asset Management by 18.0% during the third quarter. Federated Hermes Inc. now owns 342,621 shares of the company’s stock worth $16,501,000 after buying an additional 52,298 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Acadian Asset Management by 37.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 289,038 shares of the company’s stock worth $13,365,000 after buying an additional 78,623 shares during the period. Citigroup Inc. raised its holdings in shares of Acadian Asset Management by 105.9% during the third quarter. Citigroup Inc. now owns 51,031 shares of the company’s stock worth $2,458,000 after purchasing an additional 26,252 shares during the last quarter. Tudor Investment Corp ET AL raised its holdings in shares of Acadian Asset Management by 42.6% during the third quarter. Tudor Investment Corp ET AL now owns 225,579 shares of the company’s stock worth $10,864,000 after purchasing an additional 67,385 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of Acadian Asset Management by 100.3% during the third quarter. Allianz Asset Management GmbH now owns 66,430 shares of the company’s stock worth $3,199,000 after purchasing an additional 33,269 shares during the last quarter. 98.69% of the stock is currently owned by institutional investors and hedge funds.

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.