Acadian Asset Management (NYSE:AAMI) Sets New 52-Week High - Should You Buy?

Key Points

• Acadian Asset Management reached a new 52-week high, trading as high as $93.82 and last changing hands near $93.05. Its market capitalization is approximately $3.30 billion.
• The company exceeded quarterly earnings expectations, reporting $1.33 in EPS versus the $1.03 consensus estimate on revenue of $183.2 million. Analysts currently give the stock a “Moderate Buy” rating, though their average price target of $81.67 is below its recent trading level.
• Acadian declared a quarterly dividend of $0.10 per share, equivalent to an annualized $0.40 and a 0.4% yield. Institutional investors own approximately 98.69% of the company’s stock.

Shares of Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as $93.82 and last traded at $93.0530, with a volume of 43083 shares trading hands. The stock had previously closed at $93.16.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on AAMI. Royal Bank Of Canada upped their target price on shares of Acadian Asset Management from $72.00 to $80.00 and gave the stock a "sector perform" rating in a report on Friday, July 31st. Zacks Research raised Acadian Asset Management from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. Weiss Ratings restated a "buy (b-)" rating on shares of Acadian Asset Management in a research report on Friday, August 7th. Wall Street Zen raised Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a research note on Sunday, May 10th. Finally, Morgan Stanley set a $81.00 target price on Acadian Asset Management in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $81.67.

Acadian Asset Management Stock Down 0.3%

The company has a market capitalization of $3.30 billion, a PE ratio of 32.81 and a beta of 1.30. The company's 50 day moving average is $80.62 and its two-hundred day moving average is $67.20.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.03 by $0.30. The business had revenue of $183.20 million for the quarter. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. Analysts forecast that Acadian Asset Management Inc. will post 5.07 EPS for the current year.

Acadian Asset Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Acadian Asset Management's dividend payout ratio is presently 14.13%.

Institutional Trading of Acadian Asset Management

A number of large investors have recently added to or reduced their stakes in AAMI. Allworth Financial LP bought a new position in shares of Acadian Asset Management during the 2nd quarter valued at approximately $49,000. Transamerica Financial Advisors LLC raised its stake in Acadian Asset Management by 380.2% during the fourth 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. EverSource Wealth Advisors LLC bought a new position in Acadian Asset Management during the second quarter valued at $31,000. Quantbot Technologies LP bought a new position in Acadian Asset Management during the second quarter valued at $67,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Acadian Asset Management in the 2nd quarter worth $61,000. Institutional investors own 98.69% 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.

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