Boston Trust Walden Corp Acquires New Holdings in Acadian Asset Management Inc. $AAMI

by · The Cerbat Gem

Boston Trust Walden Corp bought a new stake in Acadian Asset Management Inc. (NYSE:AAMI – Free Report) during the first quarter, Holdings Channel.com reports. The firm bought 281,604 shares of the company’s stock, valued at approximately $15,325,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC acquired a new stake in shares of Acadian Asset Management during the 2nd quarter valued at $31,000. Transamerica Financial Advisors LLC grew its position in Acadian Asset Management by 380.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock worth $38,000 after acquiring an additional 635 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Acadian Asset Management in the 2nd quarter worth about $61,000. WealthCollab LLC acquired a new position in Acadian Asset Management in the 2nd quarter worth about $65,000. Finally, Russell Investments Group Ltd. bought a new position in Acadian Asset Management in the second quarter valued at about $97,000. Institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Stock Performance

Shares of AAMI opened at $73.02 on Friday. The firm has a market cap of $2.60 billion, a PE ratio of 31.07 and a beta of 1.32. Acadian Asset Management Inc. has a 52-week low of $36.61 and a 52-week high of $85.73. The business’s 50 day moving average price is $72.35 and its two-hundred day moving average price is $60.11.

Acadian Asset Management (NYSE:AAMI – Get Free Report) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.94 by $0.11. The company had revenue of $165.00 million during the quarter. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. Research analysts predict that Acadian Asset Management Inc. will post 5.11 EPS for the current fiscal year.

Acadian Asset Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Friday, June 12th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.40 annualized dividend and a yield of 0.5%. Acadian Asset Management’s dividend payout ratio is currently 17.02%.

Analyst Upgrades and Downgrades

AAMI has been the topic of a number of recent research reports. Weiss Ratings lowered Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. Royal Bank Of Canada upped their price objective on Acadian Asset Management from $66.00 to $72.00 and gave the company a “sector perform” rating in a research note on Thursday. 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. Morgan Stanley lifted their target price on shares of Acadian Asset Management from $60.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Friday, June 26th. Finally, Zacks Research raised shares of Acadian Asset Management from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. 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.com, Acadian Asset Management has an average rating of “Hold” and an average price target of $76.67.

Check Out Our Latest Stock Report on Acadian Asset Management

Insider Buying and Selling

In other Acadian Asset Management news, CAO Richard Jonathan Hart sold 100,000 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $66.97, for a total value of $6,697,000.00. Following the completion of the sale, the chief accounting officer directly owned 73,863 shares in the company, valued at approximately $4,946,605.11. This trade represents a 57.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 22.60% of the company’s stock.

About Acadian Asset Management

(Free Report)

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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