Acadian Asset Management (NYSE:AAMI) CAO Sells $6,697,000.00 in Stock

Key Points

• CAO Richard Jonathan Hart sold 100,000 shares for $6,697,000, reducing his stake by 57.52% to 73,863 shares (worth about $4.95M), according to an SEC filing.
• Acadian beat quarterly expectations, reporting EPS of $1.05 vs. a $0.94 consensus and $165 million in revenue, with a reported ROE of 185.73% and a net margin of 13.78%.
• The company declared a quarterly dividend of $0.10 (annualized $0.40) with an ex-dividend/record date of June 12/June 26, implying a yield of about 0.6%.

Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) 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 value of $6,697,000.00. Following the sale, the chief accounting officer directly owned 73,863 shares of the company's stock, valued at $4,946,605.11. This trade represents a 57.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Acadian Asset Management Price Performance

Shares of AAMI traded up $0.77 during mid-day trading on Tuesday, reaching $68.32. The company's stock had a trading volume of 333,122 shares, compared to its average volume of 294,493. Acadian Asset Management Inc. has a 12-month low of $28.15 and a 12-month high of $69.87. The stock has a market cap of $2.43 billion, a PE ratio of 29.07 and a beta of 1.33. The company's 50 day moving average is $57.36 and its 200 day moving average is $51.74.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last posted its earnings results on Thursday, April 30th. The company reported $1.05 earnings per share 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 return on equity of 185.73% and a net margin of 13.78%. As a group, sell-side analysts anticipate that Acadian Asset Management Inc. will post 4.84 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

The business 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. The ex-dividend date is Friday, June 12th. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. Acadian Asset Management's dividend payout ratio is presently 17.02%.

Institutional Trading of Acadian Asset Management

Several institutional investors and hedge funds have recently bought and sold shares of the business. Illinois Municipal Retirement Fund boosted its stake in Acadian Asset Management by 6.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 14,319 shares of the company's stock worth $779,000 after purchasing an additional 905 shares during the period. Maryland State Retirement & Pension System acquired a new position in Acadian Asset Management in the first quarter valued at $207,000. Principal Financial Group Inc. raised its holdings in shares of Acadian Asset Management by 13.9% in the first quarter. Principal Financial Group Inc. now owns 204,527 shares of the company's stock valued at $11,130,000 after buying an additional 24,885 shares during the last quarter. Y Intercept Hong Kong Ltd raised its holdings in shares of Acadian Asset Management by 70.5% in the first quarter. Y Intercept Hong Kong Ltd now owns 22,931 shares of the company's stock valued at $1,248,000 after buying an additional 9,480 shares during the last quarter. Finally, Boston Trust Walden Corp acquired a new stake in shares of Acadian Asset Management during the first quarter worth about $15,325,000. Hedge funds and other institutional investors own 98.69% of the company's stock.

Wall Street Analyst Weigh In

AAMI has been the topic of several research analyst reports. Evercore set a $60.00 price target on shares of Acadian Asset Management in a research note on Friday, April 10th. Morgan Stanley raised their price objective 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 Acadian Asset Management from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Royal Bank Of Canada boosted their target price on Acadian Asset Management from $60.00 to $66.00 and gave the company a "sector perform" rating in a report on Friday. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $62.00.

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.

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