KLP Kapitalforvaltning AS Purchases Shares of 18,032 Acadian Asset Management Inc. $AAMI

KLP Kapitalforvaltning AS purchased a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,032 shares of the company’s stock, valued at approximately $635,000. KLP Kapitalforvaltning AS owned 0.05% of Acadian Asset Management at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Institute for Wealth Management LLC. bought a new stake in Acadian Asset Management during the second quarter valued at about $302,000. SummerHaven Investment Management LLC bought a new stake in Acadian Asset Management during the second quarter valued at about $1,248,000. Signaturefd LLC bought a new stake in Acadian Asset Management during the second quarter valued at about $25,000. Kendall Capital Management bought a new stake in Acadian Asset Management during the second quarter valued at about $357,000. Finally, State of Alaska Department of Revenue bought a new stake in Acadian Asset Management during the second quarter valued at about $562,000. 98.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Evercore ISI reaffirmed a “positive” rating on shares of Acadian Asset Management in a research report on Friday, September 5th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Acadian Asset Management in a research report on Wednesday, October 8th. Zacks Research lowered shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Wall Street Zen lowered shares of Acadian Asset Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Finally, Royal Bank Of Canada upped their price objective on shares of Acadian Asset Management from $34.00 to $42.00 and gave the company a “sector perform” rating in a research report on Friday, August 1st. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Acadian Asset Management has a consensus rating of “Moderate Buy” and a consensus target price of $44.33.

Acadian Asset Management Stock Up 1.3%

NYSE:AAMI opened at $46.31 on Friday. Acadian Asset Management Inc. has a 12-month low of $22.60 and a 12-month high of $51.65. The firm has a market capitalization of $1.66 billion, a PE ratio of 19.30 and a beta of 1.39. The firm has a 50-day moving average price of $47.58 and a 200 day moving average price of $37.57.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.12. Acadian Asset Management had a net margin of 16.65% and a return on equity of 174.31%. The firm had revenue of $124.90 million during the quarter, compared to analyst estimates of $118.07 million. On average, research analysts expect that Acadian Asset Management Inc. will post 2.78 EPS for the current year.

Acadian Asset Management Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Friday, September 12th. Acadian Asset Management’s dividend payout ratio is 1.67%.

Acadian Asset Management Company Profile

Acadian Asset Management Inc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.