Acadian Asset Management (NYSE:AAMI) Reaches New 12-Month High - Time to Buy?

Key Points

• Acadian Asset Management shares reached a new 52-week high, trading as high as $98.52 and closing near $96.18, despite limited trading volume.
• Analysts remain cautious, with an average “Hold” rating and an $81.67 price target—well below the current share price. Ratings include one Buy and four Holds.
• The company exceeded quarterly earnings expectations, reporting $1.33 in EPS versus a $1.03 estimate, and declared a quarterly dividend of $0.10 per share. Institutional investors own 98.69% of the stock.

Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $98.52 and last traded at $96.18, with a volume of 622 shares changing hands. The stock had previously closed at $95.76.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AAMI. Royal Bank Of Canada upped their target price on shares of Acadian Asset Management from $72.00 to $80.00 and gave the stock 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 cut shares of Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Morgan Stanley set a $81.00 price objective on shares of Acadian Asset Management in a research report on Wednesday, July 29th. Finally, Wall Street Zen upgraded shares of Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a report on Sunday, May 10th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $81.67.

Acadian Asset Management Stock Down 0.5%

The firm has a market capitalization of $3.38 billion, a price-to-earnings ratio of 33.68 and a beta of 1.30. The company has a fifty day moving average price of $83.99 and a two-hundred day moving average price of $70.28.

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, beating analysts' consensus estimates of $1.03 by $0.30. The company had revenue of $183.20 million for the quarter. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. On average, equities analysts anticipate that Acadian Asset Management Inc. will post 5.07 earnings per share for the current fiscal year.

Acadian Asset Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, September 11th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Acadian Asset Management's dividend payout ratio is presently 14.13%.

Hedge Funds Weigh In On Acadian Asset Management

Large investors have recently modified their holdings of the business. Strs Ohio purchased a new position in shares of Acadian Asset Management in the fourth quarter valued at $738,000. Walleye Capital LLC purchased a new position in Acadian Asset Management in the 2nd quarter valued at about $5,906,000. Boston Trust Walden Corp acquired a new stake in Acadian Asset Management during the first quarter worth approximately $15,325,000. Principal Financial Group Inc. raised its holdings in Acadian Asset Management by 13.9% in the 1st quarter. Principal Financial Group Inc. now owns 204,527 shares of the company's stock valued at $11,130,000 after acquiring an additional 24,885 shares during the last quarter. Finally, Summit Global Investments purchased a new position in shares of Acadian Asset Management during the 2nd quarter worth $1,209,000. 98.69% of the stock is owned by hedge funds and other 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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