Key Points
- Director Robert Chersi sold 28,753 shares at an average price of $51.30 (≈$1.475M), reducing his ownership by 43.47% to 37,384 shares valued at about $1.918M.
- Acadian raised its quarterly dividend to $0.10 (from $0.01); the ex-dividend date is March 13 and the dividend (payable March 27) implies a $0.40 annualized payout (~0.8% yield).
- The company reported EPS of $1.32, missing consensus of $1.38 on $169.7M revenue; Acadian trades at a P/E of 23.62 with a market cap of $1.86B and an average analyst rating of Hold (average $52 price target).
Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) Director Barbara Trebbi sold 9,691 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total value of $496,373.02. Following the sale, the director owned 35,771 shares of the company's stock, valued at approximately $1,832,190.62. This represents a 21.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Acadian Asset Management Price Performance
Shares of NYSE AAMI opened at $52.21 on Friday. Acadian Asset Management Inc. has a one year low of $22.60 and a one year high of $56.46. The business's 50-day moving average price is $50.71 and its two-hundred day moving average price is $47.76. The company has a market capitalization of $1.86 billion, a P/E ratio of 23.62 and a beta of 1.31.
Acadian Asset Management (NYSE:AAMI - Get Free Report) last announced its quarterly earnings results on Thursday, February 5th. The company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.06). The firm had revenue of $169.70 million for the quarter. Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. On average, equities analysts anticipate that Acadian Asset Management Inc. will post 2.78 EPS for the current year.
Acadian Asset Management Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.8%. This is a boost from Acadian Asset Management's previous quarterly dividend of $0.01. The ex-dividend date is Friday, March 13th. Acadian Asset Management's dividend payout ratio is presently 1.81%.
Analyst Ratings Changes
AAMI has been the topic of a number of recent research reports. Royal Bank Of Canada raised their price target on shares of Acadian Asset Management from $52.00 to $54.00 and gave the company a "sector perform" rating in a report on Friday, February 6th. Morgan Stanley increased their target price on shares of Acadian Asset Management from $49.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 3rd. Evercore set a $52.00 price target on Acadian Asset Management in a research report on Thursday, November 6th. Weiss Ratings reiterated a "buy (b)" rating on shares of Acadian Asset Management in a research note on Monday, December 29th. Finally, Wall Street Zen raised Acadian Asset Management from a "hold" rating to a "buy" rating in a report on Saturday, February 7th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $52.00.
Get Our Latest Report on Acadian Asset Management
Institutional Investors Weigh In On Acadian Asset Management
A number of hedge funds have recently bought and sold shares of AAMI. Paulson & CO. Inc. bought a new position in shares of Acadian Asset Management in the second quarter worth about $315,402,000. Jennison Associates LLC acquired a new stake in Acadian Asset Management in the 2nd quarter valued at approximately $73,690,000. Impax Asset Management Group plc bought a new position in Acadian Asset Management in the 2nd quarter worth approximately $35,240,000. William Blair Investment Management LLC acquired a new position in shares of Acadian Asset Management during the second quarter worth approximately $25,094,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Acadian Asset Management in the second quarter worth $22,116,000. 98.69% of the stock is currently owned by institutional investors.
About Acadian Asset Management
(
Get Free Report)
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.
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