Concurrent Investment Advisors LLC Acquires 12,540 Shares of Acadian Asset Management Inc. $AAMI

Concurrent Investment Advisors LLC grew its stake in shares of Acadian Asset Management Inc. (NYSE:AAMI) by 129.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,258 shares of the company’s stock after acquiring an additional 12,540 shares during the period. Concurrent Investment Advisors LLC’s holdings in Acadian Asset Management were worth $1,046,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in AAMI. EverSource Wealth Advisors LLC bought a new stake in shares of Acadian Asset Management during the 2nd quarter valued at $31,000. Raymond James Financial Inc. bought a new position in Acadian Asset Management in the 2nd quarter worth about $61,000. WealthCollab LLC bought a new position in Acadian Asset Management in the 2nd quarter worth about $65,000. Russell Investments Group Ltd. purchased a new position in Acadian Asset Management during the 2nd quarter valued at about $97,000. Finally, Tower Research Capital LLC TRC purchased a new position in Acadian Asset Management during the 2nd quarter valued at about $116,000. 98.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AAMI has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Acadian Asset Management from a “buy” rating to a “hold” rating in a report on Saturday, April 11th. Evercore set a $60.00 price objective on shares of Acadian Asset Management in a research note on Friday, April 10th. Morgan Stanley upped 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 report on Tuesday. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $60.00 target price on shares of Acadian Asset Management in a research note on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $60.00.

Acadian Asset Management Stock Up 3.6%

NYSE AAMI opened at $67.43 on Friday. The company has a 50-day simple moving average of $57.36 and a two-hundred day simple moving average of $51.67. Acadian Asset Management Inc. has a 12-month low of $26.92 and a 12-month high of $69.87. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of 30.51 and a beta of 1.26.

Acadian Asset Management (NYSE:AAMI) last released its earnings results on Thursday, April 30th. The company reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.11. The company had revenue of $165.00 million during the quarter. Acadian Asset Management had a return on equity of 165.86% and a net margin of 14.19%. Equities analysts expect that Acadian Asset Management Inc. will post 4.84 earnings per share for the current fiscal year.

Acadian Asset Management Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, June 12th. Acadian Asset Management’s dividend payout ratio is 18.10%.

Insider Buying and Selling

In related news, Director Barbara Trebbi sold 9,691 shares of the company’s 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 $1,832,190.62. This represents a 21.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert J. Chersi sold 28,753 shares of the 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 sale, the director directly owned 37,384 shares of the company’s stock, valued at $1,917,799.20. The trade was a 43.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 26.00% of the company’s stock.

Acadian Asset Management 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.