383,707 Shares in Acadian Asset Management Inc. $AAMI Bought by GW&K Investment Management LLC

Key Points

• GW&K Investment Management bought a new stake of 383,707 shares in Acadian Asset Management (NYSE: AAMI), valued at about $18.48 million and representing roughly 1.07% ownership.
• Two directors, Robert J. Chersi and Barbara Trebbi, sold sizable holdings (28,753 and 9,691 shares respectively), cutting their ownership by 43.47% and 21.32%.
• Acadian raised its quarterly dividend from $0.01 to $0.10 (annualized $0.40, ~0.7% yield), with an ex-dividend date of March 13 and payment on March 27.

GW&K Investment Management LLC bought a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 383,707 shares of the company's stock, valued at approximately $18,479,000. GW&K Investment Management LLC owned about 1.07% of Acadian Asset Management as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC acquired a new stake in Acadian Asset Management during the 2nd quarter worth about $31,000. Raymond James Financial Inc. purchased a new position in shares of Acadian Asset Management in the second quarter worth approximately $61,000. WealthCollab LLC acquired a new stake in shares of Acadian Asset Management during the second quarter valued at approximately $65,000. Ameritas Investment Partners Inc. purchased a new stake in shares of Acadian Asset Management in the 2nd quarter valued at approximately $95,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Acadian Asset Management in the 2nd quarter valued at approximately $97,000. Hedge funds and other institutional investors own 98.69% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on AAMI. Weiss Ratings reiterated a "buy (b)" rating on shares of Acadian Asset Management in a research report on Monday, December 29th. Morgan Stanley lifted their price target on Acadian Asset Management from $49.00 to $50.00 and gave the company an "equal weight" rating in a report on Tuesday, February 3rd. Royal Bank Of Canada increased their price objective on Acadian Asset Management from $52.00 to $54.00 and gave the stock a "sector perform" rating in a research note on Friday, February 6th. Wall Street Zen upgraded Acadian Asset Management from a "hold" rating to a "buy" rating in a research report on Saturday, February 7th. Finally, Evercore set a $52.00 target price on Acadian Asset Management in a research note on Thursday, November 6th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Acadian Asset Management currently has an average rating of "Hold" and an average target price of $52.00.

Insider Buying and Selling

In related news, Director Robert J. Chersi sold 28,753 shares of the firm's stock in a transaction that occurred on Wednesday, February 11th. The shares were sold at an average price of $51.30, for a total transaction of $1,475,028.90. Following the transaction, the director owned 37,384 shares of the company's stock, valued at approximately $1,917,799.20. This trade represents a 43.47% 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. Also, Director Barbara Trebbi sold 9,691 shares of Acadian Asset Management stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $51.22, for a total transaction of $496,373.02. Following the completion of the sale, the director owned 35,771 shares of the company's stock, valued at $1,832,190.62. This trade represents a 21.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 26.00% of the company's stock.

Acadian Asset Management Trading Down 2.1%

NYSE AAMI opened at $53.51 on Friday. Acadian Asset Management Inc. has a 1-year low of $22.60 and a 1-year high of $57.03. The firm's fifty day simple moving average is $52.48 and its 200-day simple moving average is $48.79. The company has a market capitalization of $1.91 billion, a PE ratio of 24.21 and a beta of 1.32.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last released its quarterly earnings data on Thursday, February 5th. The company reported $1.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.38 by ($0.06). Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. The firm had revenue of $169.70 million for the quarter. As a group, analysts predict that Acadian Asset Management Inc. will post 2.78 EPS for the current year.

Acadian Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 13th will be issued a $0.10 dividend. This is an increase from Acadian Asset Management's previous quarterly dividend of $0.01. This represents a $0.40 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, March 13th. Acadian Asset Management's dividend payout ratio is currently 1.81%.

Acadian Asset Management Company Profile

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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