AAMI Overview

Medium-Term Financial Objectives: MarketAxess Holdings Inc. has set medium-term financial targets aiming for 8-9% annual revenue growth and a 75-125 basis point improvement in operating margin from 2026 to 2028, based on stable market conditions and technology investments.

Share Repurchase Program: The company announced a share repurchase program totaling $505 million, which includes $400 million in new authorizations and $105 million from a previous program, with plans to finance it through cash reserves and borrowings.

Financial Position and Performance: MarketAxess reported strong financial health with $473.3 million in cash as of September 30, 2025, and a 6.9% increase in net cash from operations year-over-year, alongside a recent 2.7% dividend hike.

Stock Performance and Comparisons: MarketAxess shares have increased by 1% over the past month, underperforming the industry average of 2.1%, while other finance stocks like CB Financial and Acadian Asset Management have shown stronger gains.

Upcoming Ex-Dividend Dates: New Jersey Resources Corp (NJR), Acadian Asset Management Inc (AAMI), and United Bankshares Inc (UBSI) will trade ex-dividend on 12/12/25, with respective dividends of $0.475, $0.01, and $0.38 payable on 1/2/26 and 12/24/25.

Expected Price Adjustments: Following the ex-dividend date, NJR shares are expected to open 1.06% lower, AAMI 0.02% lower, and UBSI 1.00% lower, based on their recent stock prices.

Dividend Yield Estimates: The estimated annualized yields for the companies are 4.22% for NJR, 0.09% for AAMI, and 3.99% for UBSI, indicating potential stability in their dividend payments.

Current Trading Performance: As of Wednesday trading, shares of NJR, AAMI, and UBSI have seen slight increases of approximately 0.9%, 0.8%, and 0.3%, respectively.

Stock Performance: Acadian Asset Management Inc (AAMI) shares have surpassed the average analyst 12-month target price of $44.33, currently trading at $44.64/share, prompting potential analyst reactions regarding valuation adjustments.

Analyst Targets: The average target price is influenced by various analysts, with estimates ranging from $42.00 to $48.00, indicating differing opinions on the stock's future performance and prompting investors to reassess their positions.

Financial Results Announcement: Acadian Asset Management Inc. will release its third-quarter financial results for the period ending September 30, 2025, on October 30, 2025, at 7:30 a.m. Eastern Time, followed by a conference call at 11:00 a.m. Eastern Time.

Accessing the Call: Participants can join the conference call via toll-free or international dial-in numbers, and a replay will be available shortly after the call concludes on the company's website.