Impax Asset Management Group plc Buys 79,967 Shares of Acadian Asset Management Inc. $AAMI

Key Points

• Impax Asset Management raised its stake in Acadian Asset Management by 10.4%, buying 79,967 shares to hold 845,451 shares (2.37% of the company) valued at about $39.74 million.
• Acadian increased its quarterly dividend to $0.10 from $0.01 (annualized $0.40), implying a ~0.6% yield and an 18.1% payout ratio.
• In the latest quarter Acadian reported $1.32 EPS on $169.7 million in revenue, the stock has a $2.42 billion market cap, and analysts have an average "Hold" rating with a $58 target.

Impax Asset Management Group plc boosted its stake in Acadian Asset Management Inc. (NYSE:AAMI - Free Report) by 10.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 845,451 shares of the company's stock after acquiring an additional 79,967 shares during the period. Impax Asset Management Group plc owned 2.37% of Acadian Asset Management worth $39,736,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new stake in shares of Acadian Asset Management in the second quarter valued at $31,000. Raymond James Financial Inc. bought a new stake in shares of Acadian Asset Management in the second quarter valued at $61,000. WealthCollab LLC bought a new stake in shares of Acadian Asset Management in the second quarter valued at approximately $65,000. Russell Investments Group Ltd. bought a new stake in shares of Acadian Asset Management in the second quarter valued at approximately $97,000. Finally, Tower Research Capital LLC TRC bought a new stake in shares of Acadian Asset Management in the second quarter valued at approximately $116,000. Institutional investors own 98.69% of the company's stock.

Acadian Asset Management Stock Up 1.1%

Shares of NYSE AAMI opened at $67.67 on Friday. The firm has a market capitalization of $2.42 billion, a P/E ratio of 30.62 and a beta of 1.26. The stock's 50-day simple moving average is $56.19 and its two-hundred day simple moving average is $51.04. Acadian Asset Management Inc. has a twelve month low of $26.31 and a twelve month high of $69.87.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last issued its quarterly earnings results on Friday, February 27th. The company reported $1.32 EPS for the quarter. The firm had revenue of $169.70 million for the quarter. Acadian Asset Management had a net margin of 14.19% and a return on equity of 165.86%. As a group, research analysts anticipate that Acadian Asset Management Inc. will post 5.06 EPS for the current fiscal year.

Acadian Asset Management Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Stockholders of record on Friday, March 13th were given a dividend of $0.10 per share. This is a boost from Acadian Asset Management's previous quarterly dividend of $0.01. The ex-dividend date was Friday, March 13th. This represents a $0.40 annualized dividend and a dividend yield of 0.6%. Acadian Asset Management's dividend payout ratio is currently 18.10%.

Insider Activity

In related news, Director Robert J. Chersi sold 28,753 shares of the stock in a transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barbara Trebbi sold 9,691 shares of the stock in a transaction 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. This represents a 21.32% decrease in their position. The disclosure for this sale is available in the SEC filing. 26.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AAMI has been the topic of a number of analyst reports. Morgan Stanley boosted their price objective on Acadian Asset Management from $50.00 to $54.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 1st. Evercore set a $60.00 target price on shares of Acadian Asset Management in a report on Friday, April 10th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Acadian Asset Management in a report on Monday, December 29th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $60.00 target price on shares of Acadian Asset Management in a report on Tuesday. Finally, Wall Street Zen lowered shares of Acadian Asset Management from a "buy" rating to a "hold" rating in a report on Saturday, April 11th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Acadian Asset Management has an average rating of "Hold" and an average target price of $58.00.

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.

Want to see what other hedge funds are holding AAMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acadian Asset Management Inc. (NYSE:AAMI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.