Key Points
- Acadian CAO Richard Jonathan Hart sold 100,000 shares on May 4 at an average price of $66.97 for a total of $6,697,000, leaving him with 73,863 shares (a 57.52% reduction); the transaction was disclosed in an SEC filing.
- Acadian beat Q1 EPS estimates, reporting $1.05 vs. $0.94 consensus, and announced a $0.10 quarterly dividend (ex-dividend June 12, payable June 26), equal to a $0.40 annualized payout and about a 0.6% yield.
- The stock is trading near its 12‑month high (opened $68.32; 12‑month high $69.87), the company has a market cap of roughly $2.43 billion, and analysts maintain a consensus "Hold" rating with an average target of $62.00.
Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) CAO Richard Jonathan Hart sold 100,000 shares of the firm's 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 completion of the sale, the chief accounting officer owned 73,863 shares of the company's stock, valued at $4,946,605.11. This trade represents a 57.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Acadian Asset Management Trading Up 1.1%
Acadian Asset Management stock opened at $68.32 on Wednesday. The firm has a 50-day moving average price of $57.67 and a 200-day moving average price of $51.89. The firm has a market capitalization of $2.43 billion, a PE ratio of 29.07 and a beta of 1.33. Acadian Asset Management Inc. has a 12-month low of $28.15 and a 12-month high of $69.87.
Acadian Asset Management (NYSE:AAMI - Get Free Report) last released its earnings results on Thursday, April 30th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.11. The firm 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%. As a group, sell-side analysts predict that Acadian Asset Management Inc. will post 4.84 earnings per share for the current fiscal year.
Acadian Asset Management Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, June 12th. Acadian Asset Management's dividend payout ratio (DPR) is 17.02%.
Analyst Ratings Changes
A number of brokerages recently weighed in on AAMI. Evercore set a $60.00 price objective on shares of Acadian Asset Management in a report on Friday, April 10th. Royal Bank Of Canada lifted their price objective on shares of Acadian Asset Management from $60.00 to $66.00 and gave the company a "sector perform" rating in a report on Friday, May 1st. Wall Street Zen upgraded shares of Acadian Asset Management from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Morgan Stanley lifted their price objective on shares of Acadian Asset Management from $54.00 to $60.00 and gave the company an "equal weight" rating in a report on Tuesday, April 28th. 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 MarketBeat, Acadian Asset Management presently has a consensus rating of "Hold" and an average target price of $62.00.
View Our Latest Analysis on AAMI
Institutional Investors Weigh In On Acadian Asset Management
Large investors have recently modified their holdings of the business. Federated Hermes Inc. raised its holdings in shares of Acadian Asset Management by 18.0% in the 3rd quarter. Federated Hermes Inc. now owns 342,621 shares of the company's stock valued at $16,501,000 after purchasing an additional 52,298 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Acadian Asset Management by 37.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 289,038 shares of the company's stock valued at $13,365,000 after purchasing an additional 78,623 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Acadian Asset Management by 105.9% in the 3rd quarter. Citigroup Inc. now owns 51,031 shares of the company's stock valued at $2,458,000 after purchasing an additional 26,252 shares in the last quarter. Tudor Investment Corp ET AL grew its position in shares of Acadian Asset Management by 42.6% in the 3rd quarter. Tudor Investment Corp ET AL now owns 225,579 shares of the company's stock worth $10,864,000 after buying an additional 67,385 shares during the last quarter. Finally, GW&K Investment Management LLC bought a new position in shares of Acadian Asset Management during the 3rd quarter worth approximately $18,479,000. Institutional investors own 98.69% of the company's stock.
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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