Brokerages Set Acadian Asset Management Inc. (NYSE:AAMI) Price Target at $68.67

Shares of Acadian Asset Management Inc. (NYSE:AAMI) have been given an average recommendation of “Hold” by the five brokerages that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $68.6667.

A number of analysts recently commented on the company. Royal Bank Of Canada restated a “sector perform” rating and set a $66.00 target price on shares of Acadian Asset Management in a report on Wednesday, May 20th. Weiss Ratings cut Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Morgan Stanley raised their target price on Acadian Asset Management from $54.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Wall Street Zen upgraded shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Finally, Evercore set a $80.00 price target on shares of Acadian Asset Management in a research report on Monday, June 8th.

Insider Buying and Selling at Acadian Asset Management

In other news, CAO Richard Jonathan Hart sold 100,000 shares of Acadian Asset Management stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $66.97, for a total transaction of $6,697,000.00. Following the transaction, the chief accounting officer owned 73,863 shares in the company, valued at $4,946,605.11. The trade was a 57.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 22.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Acadian Asset Management

Several institutional investors have recently bought and sold shares of AAMI. JPMorgan Chase & Co. acquired a new position in shares of Acadian Asset Management during the 2nd quarter worth about $6,964,000. American Century Companies Inc. bought a new stake in shares of Acadian Asset Management during the 2nd quarter worth approximately $1,773,000. Russell Investments Group Ltd. bought a new stake in shares of Acadian Asset Management during the 2nd quarter worth approximately $97,000. New York State Common Retirement Fund bought a new stake in shares of Acadian Asset Management during the 2nd quarter worth approximately $299,000. Finally, Quantbot Technologies LP bought a new stake in shares of Acadian Asset Management during the 2nd quarter worth approximately $436,000. Institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Price Performance

Acadian Asset Management stock opened at $75.27 on Friday. Acadian Asset Management has a 52-week low of $31.37 and a 52-week high of $85.73. The firm has a market capitalization of $2.68 billion, a P/E ratio of 32.03 and a beta of 1.32. The stock has a fifty day moving average price of $71.00 and a two-hundred day moving average price of $58.31.

Acadian Asset Management (NYSE:AAMI) last announced 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. Acadian Asset Management had a return on equity of 185.73% and a net margin of 13.78%.The company had revenue of $165.00 million during the quarter. On average, equities research analysts predict that Acadian Asset Management will post 4.84 EPS for the current fiscal year.

Acadian Asset Management Announces Dividend

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

About Acadian Asset Management

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.