Acadian Asset Management Inc. $AAMI Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC trimmed its position in shares of Acadian Asset Management Inc. (NYSE:AAMI) by 51.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,938 shares of the company’s stock after selling 13,532 shares during the period. Hsbc Holdings PLC’s holdings in Acadian Asset Management were worth $607,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AAMI. EverSource Wealth Advisors LLC acquired a new position in Acadian Asset Management in the second quarter valued at $31,000. Transamerica Financial Advisors LLC lifted its stake in shares of Acadian Asset Management by 380.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after purchasing an additional 635 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Acadian Asset Management in the 2nd quarter valued at about $61,000. WealthCollab LLC purchased a new stake in shares of Acadian Asset Management during the 2nd quarter worth about $65,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Acadian Asset Management during the 2nd quarter worth about $97,000. 98.69% of the stock is owned by hedge funds and other institutional investors.

Acadian Asset Management Stock Performance

Acadian Asset Management stock opened at $83.14 on Thursday. The firm has a market capitalization of $2.96 billion, a PE ratio of 35.38 and a beta of 1.32. Acadian Asset Management Inc. has a one year low of $38.47 and a one year high of $85.73. The stock’s 50 day moving average price is $74.35 and its 200 day moving average price is $61.99.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.11. The company had revenue of $165.00 million during the quarter. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. On average, analysts forecast that Acadian Asset Management Inc. will post 5.11 earnings per share for the current fiscal year.

Acadian Asset Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, June 12th. Acadian Asset Management’s dividend payout ratio (DPR) is presently 17.02%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Evercore set a $84.00 price target on shares of Acadian Asset Management in a report on Friday, July 10th. Royal Bank Of Canada boosted their price objective on shares of Acadian Asset Management from $66.00 to $72.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 2nd. Weiss Ratings lowered shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Zacks Research raised shares of Acadian Asset Management from a “strong sell” rating to a “hold” rating in a research note on Monday, June 29th. Finally, 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. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Acadian Asset Management presently has a consensus rating of “Hold” and an average target price of $78.00.

Insiders Place Their Bets

In related news, CAO Richard Jonathan Hart sold 100,000 shares of Acadian Asset Management stock in a transaction on Monday, May 4th. The shares were sold at an average price of $66.97, for a total transaction of $6,697,000.00. Following the sale, the chief accounting officer owned 73,863 shares of the company’s stock, valued at $4,946,605.11. The trade was a 57.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 22.60% of the company’s stock.

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.