Strs Ohio Buys Shares of 15,700 Acadian Asset Management Inc. $AAMI

Key Points

• Strs Ohio bought a new stake of 15,700 shares in Q4 (≈$738,000), and hedge funds/institutional investors now own about 98.69% of AAMI, with large recent buys by Jacobs Levy, GW&K and SG Americas.
• Acadian beat quarterly estimates with $1.05 EPS vs. $0.94 and $165M revenue; the stock opened at $66.46 (near its 1‑year high), has a $2.37B market cap, and carries a consensus "Hold" rating with a $62 price target.
• Insiders sold 138,444 shares (~$8.7M) last quarter leaving insiders with 26% ownership, and the company announced a quarterly dividend of $0.10 (annualized $0.40, ~0.6% yield).

Strs Ohio bought a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 15,700 shares of the company's stock, valued at approximately $738,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AAMI. Jacobs Levy Equity Management Inc. purchased a new stake in Acadian Asset Management during the third quarter valued at approximately $20,059,000. GW&K Investment Management LLC purchased a new stake in shares of Acadian Asset Management in the third quarter worth $18,479,000. SG Americas Securities LLC increased its stake in shares of Acadian Asset Management by 1,414.9% in the fourth quarter. SG Americas Securities LLC now owns 359,613 shares of the company's stock worth $16,902,000 after purchasing an additional 335,874 shares in the last quarter. Amundi purchased a new stake in shares of Acadian Asset Management in the third quarter worth $11,361,000. Finally, Invesco Ltd. purchased a new stake in shares of Acadian Asset Management in the second quarter worth $8,608,000. 98.69% of the stock is owned by hedge funds and other institutional investors.

Acadian Asset Management Price Performance

Shares of NYSE AAMI opened at $66.46 on Friday. The firm has a fifty day moving average price of $58.21 and a 200-day moving average price of $52.18. Acadian Asset Management Inc. has a 1 year low of $28.67 and a 1 year high of $69.87. The stock has a market cap of $2.37 billion, a PE ratio of 28.28 and a beta of 1.33.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last issued its earnings results on Thursday, April 30th. The company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.11. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. The firm had revenue of $165.00 million during the quarter. On average, research analysts expect that Acadian Asset Management Inc. will post 4.84 EPS for the current year.

Acadian Asset Management Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 12th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, June 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.6%. Acadian Asset Management's dividend payout ratio is currently 17.02%.

Insider Buying and Selling

In related news, Director Barbara Trebbi sold 9,691 shares of the company's 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Chersi sold 28,753 shares of the company's stock in a transaction 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 owned 37,384 shares of the company's stock, valued at approximately $1,917,799.20. This represents a 43.47% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 138,444 shares of company stock worth $8,668,402. 26.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on AAMI shares. Morgan Stanley increased their price objective on shares of Acadian Asset Management from $54.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 28th. Royal Bank Of Canada increased their price objective on shares of Acadian Asset Management from $60.00 to $66.00 and gave the stock a "sector perform" rating in a research note on Friday, May 1st. Wall Street Zen raised shares of Acadian Asset Management from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. Finally, Evercore set a $60.00 price objective on shares of Acadian Asset Management in a research note on Friday, April 10th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $62.00.

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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