JPMorgan Chase & Co. Sells 99,036 Shares of Acadian Asset Management Inc. $AAMI

Key Points

• JPMorgan Chase cut its stake in Acadian Asset Management by 50.1%, selling 99,036 shares and leaving it with 98,573 shares (~0.28% of the company) valued at about $4.75 million.
• Acadian raised its quarterly dividend to $0.10 (up from $0.01), representing a $0.40 annualized payout and a yield of 0.7% with an 18.1% payout ratio.
• Company insiders have been selling: Director Robert J. Chersi sold 28,753 shares (a 43.47% drop in his holdings) and Director Barbara Trebbi sold 9,691 shares (a 21.32% drop); insiders still own 26% of the stock.

JPMorgan Chase & Co. cut its holdings in shares of Acadian Asset Management Inc. (NYSE:AAMI - Free Report) by 50.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,573 shares of the company's stock after selling 99,036 shares during the period. JPMorgan Chase & Co. owned about 0.28% of Acadian Asset Management worth $4,747,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Swiss National Bank acquired a new position in Acadian Asset Management in the 2nd quarter valued at approximately $1,872,000. Legal & General Group Plc bought a new stake in shares of Acadian Asset Management in the second quarter worth $2,589,000. Franklin Resources Inc. acquired a new stake in Acadian Asset Management in the second quarter valued at $1,306,000. Rhumbline Advisers acquired a new stake in Acadian Asset Management in the second quarter valued at $2,880,000. Finally, American Century Companies Inc. bought a new position in Acadian Asset Management during the 2nd quarter worth $1,773,000. 98.69% of the stock is owned by institutional investors.

Acadian Asset Management Trading Down 1.5%

AAMI opened at $55.34 on Friday. Acadian Asset Management Inc. has a 1-year low of $22.60 and a 1-year high of $58.35. The company has a market cap of $1.98 billion, a P/E ratio of 25.04 and a beta of 1.26. The company has a fifty day moving average price of $52.94 and a two-hundred day moving average price of $49.33.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last released its quarterly earnings data on Friday, February 27th. The company reported $1.32 earnings per share (EPS) for the quarter. The company 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%. On average, research analysts forecast that Acadian Asset Management Inc. will post 2.78 EPS for the current fiscal year.

Acadian Asset Management Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 13th were issued a $0.10 dividend. The ex-dividend date was Friday, March 13th. This is an increase from Acadian Asset Management's previous quarterly dividend of $0.01. This represents a $0.40 annualized dividend and a yield of 0.7%. Acadian Asset Management's dividend payout ratio is currently 18.10%.

Insider Buying and Selling

In other news, Director Robert J. Chersi sold 28,753 shares of the company's stock in a transaction that occurred on Wednesday, February 11th. The stock was sold at an average price of $51.30, for a total transaction of $1,475,028.90. Following the transaction, the director directly owned 37,384 shares of the company's stock, valued at $1,917,799.20. This represents a 43.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Barbara Trebbi sold 9,691 shares of the stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $51.22, for a total value of $496,373.02. Following the completion of the transaction, the director owned 35,771 shares in the company, valued at approximately $1,832,190.62. This represents a 21.32% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 26.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AAMI shares. Wall Street Zen upgraded Acadian Asset Management from a "hold" rating to a "buy" rating in a research report on Saturday, February 7th. Morgan Stanley raised their price objective on Acadian Asset Management from $50.00 to $54.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Acadian Asset Management in a research note on Monday, December 29th. Finally, Royal Bank Of Canada upped their target price on Acadian Asset Management from $52.00 to $54.00 and gave the company a "sector perform" rating in a report on Friday, February 6th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Acadian Asset Management presently has a consensus rating of "Hold" and a consensus target price of $53.33.

Acadian Asset Management 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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