Acadian Asset Management Inc. $AAMI Shares Bought by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp. raised its stake in Acadian Asset Management by 42.6%, buying 67,385 shares to hold 225,579 shares (about 0.63% of the company) worth roughly $10.86 million; institutional investors now own 98.69% of the stock.
• Acadian raised its quarterly dividend to $0.10 per share (up from $0.01), representing a $0.40 annualized payout (0.8% yield); the dividend is payable March 27 with a record/ex-dividend date of March 13.
• Two directors sold shares recently—Robert J. Chersi sold 28,753 shares (reducing his holding by 43.47%) and Barbara Trebbi sold 9,691 shares (down 21.32%)—and insiders currently own 26.0% of the company.

Tudor Investment Corp ET AL increased its holdings in Acadian Asset Management Inc. (NYSE:AAMI - Free Report) by 42.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 225,579 shares of the company's stock after buying an additional 67,385 shares during the period. Tudor Investment Corp ET AL owned about 0.63% of Acadian Asset Management worth $10,864,000 as of its most recent filing with the SEC.

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

Acadian Asset Management Stock Performance

AAMI stock opened at $50.81 on Monday. The firm has a 50 day simple moving average of $53.00 and a 200 day simple moving average of $48.90. Acadian Asset Management Inc. has a 52 week low of $22.60 and a 52 week high of $57.03. The stock has a market cap of $1.82 billion, a P/E ratio of 22.99 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 for the quarter, missing the consensus estimate of $1.38 by ($0.06). The company had revenue of $169.70 million during the quarter. Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. Sell-side 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 given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, March 13th. This is a positive change 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 0.8%. Acadian Asset Management's payout ratio is 18.10%.

Insider Transactions at Acadian Asset Management

In related news, Director Robert J. Chersi sold 28,753 shares of the stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $51.30, for a total value of $1,475,028.90. Following the transaction, the director owned 37,384 shares in the company, valued at approximately $1,917,799.20. This represents a 43.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Barbara Trebbi sold 9,691 shares of the firm's 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 transaction, the director directly owned 35,771 shares in the company, valued at approximately $1,832,190.62. The trade was a 21.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 26.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wall Street Zen raised Acadian Asset Management from a "hold" rating to a "buy" rating in a research note on Saturday, February 7th. Royal Bank Of Canada lifted their price objective on shares of Acadian Asset Management from $52.00 to $54.00 and gave the stock a "sector perform" rating in a research report on Friday, February 6th. Morgan Stanley increased their target price 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. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Acadian Asset Management in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Acadian Asset Management currently has an average rating of "Hold" and a consensus target price of $52.00.

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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