Acadian Asset Management (NYSE:AAMI) Reaches New 1-Year High - Time to Buy?

Key Points

• Acadian Asset Management reached a new 52-week high, trading as high as $94.11 and valuing the company at approximately $3.33 billion.
• Analysts maintain a “Moderate Buy” consensus, though the $81.67 average price target is below the current share price; recent upgrades include Strong Buy ratings from Wall Street Zen and Zacks Research.
• The company exceeded quarterly earnings expectations with $1.33 in EPS versus $1.03 forecast, and declared a quarterly dividend of $0.10, yielding 0.4% annually.

Shares of Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $94.11 and last traded at $93.9650, with a volume of 166665 shares traded. The stock had previously closed at $91.90.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AAMI shares. Wall Street Zen upgraded shares of Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a research note on Sunday, May 10th. Royal Bank Of Canada upped their target price on shares of Acadian Asset Management from $72.00 to $80.00 and gave the company a "sector perform" rating in a research note on Friday, July 31st. Evercore set a $84.00 price target on shares of Acadian Asset Management in a research note on Friday, July 10th. Zacks Research raised Acadian Asset Management from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. Finally, Morgan Stanley set a $81.00 price objective on Acadian Asset Management in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Acadian Asset Management presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.67.

Acadian Asset Management Stock Performance

The stock has a 50-day moving average of $82.65 and a 200 day moving average of $69.02. The firm has a market capitalization of $3.33 billion, a P/E ratio of 33.21 and a beta of 1.30.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.30. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%.The company had revenue of $183.20 million for the quarter. On average, equities analysts predict that Acadian Asset Management Inc. will post 5.07 EPS for the current year.

Acadian Asset Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. Acadian Asset Management's dividend payout ratio (DPR) is currently 14.13%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new position in Acadian Asset Management in the second quarter valued at about $31,000. Public Employees Retirement System of Ohio bought a new stake in shares of Acadian Asset Management during the second quarter worth approximately $38,000. Transamerica Financial Advisors LLC raised its stake in shares of Acadian Asset Management by 380.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company's stock worth $38,000 after buying an additional 635 shares during the last quarter. Allworth Financial LP acquired a new position in Acadian Asset Management in the second quarter valued at approximately $49,000. Finally, Raymond James Financial Inc. bought a new position in Acadian Asset Management in the second quarter valued at approximately $61,000. 98.69% of the stock is currently owned by institutional investors.

About Acadian Asset Management

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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