AlphaQuest LLC Takes Position in Acadian Asset Management Inc. $AAMI

AlphaQuest LLC acquired a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,242 shares of the company’s stock, valued at approximately $431,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Signaturefd LLC acquired a new position in shares of Acadian Asset Management during the 2nd quarter valued at about $25,000. GAMMA Investing LLC acquired a new position in shares of Acadian Asset Management during the 2nd quarter valued at about $37,000. Public Employees Retirement System of Ohio acquired a new position in shares of Acadian Asset Management during the 2nd quarter valued at about $44,000. CWM LLC acquired a new position in shares of Acadian Asset Management during the 2nd quarter valued at about $55,000. Finally, Blue Trust Inc. acquired a new position in shares of Acadian Asset Management during the 2nd quarter valued at about $57,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AAMI. Evercore ISI reaffirmed a “positive” rating on shares of Acadian Asset Management in a research note on Friday, September 5th. Morgan Stanley reissued a “positive” rating on shares of Acadian Asset Management in a research report on Monday, October 6th. Royal Bank Of Canada increased their target price on shares of Acadian Asset Management from $34.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. Wall Street Zen downgraded shares of Acadian Asset Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 18th. Finally, Weiss Ratings downgraded shares of Acadian Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 24th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $44.33.

Acadian Asset Management Stock Down 0.5%

NYSE AAMI opened at $49.27 on Thursday. The stock has a market cap of $1.76 billion, a PE ratio of 20.53 and a beta of 1.39. Acadian Asset Management Inc. has a fifty-two week low of $22.60 and a fifty-two week high of $51.65. The business has a 50 day moving average price of $47.75 and a two-hundred day moving average price of $39.06.

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

Acadian Asset Management Announces Dividend

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

Acadian Asset Management 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.