Amalgamated Bank Makes New Investment in Acadian Asset Management Inc. $AAMI

Amalgamated Bank acquired a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,662 shares of the company’s stock, valued at approximately $270,000.

Several other institutional investors and hedge funds have also modified their holdings of AAMI. Signaturefd LLC bought a new stake in Acadian Asset Management during the 2nd quarter worth approximately $25,000. GAMMA Investing LLC acquired a new stake in shares of Acadian Asset Management during the second quarter worth $37,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Acadian Asset Management during the second quarter worth $44,000. CWM LLC bought a new stake in Acadian Asset Management in the 2nd quarter valued at $55,000. Finally, Blue Trust Inc. acquired a new position in Acadian Asset Management in the 2nd quarter worth $57,000. 98.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AAMI. Royal Bank Of Canada increased their target price on Acadian Asset Management from $34.00 to $42.00 and gave the stock a “sector perform” rating in a report on Friday, August 1st. Evercore ISI set a $52.00 price objective on Acadian Asset Management in a research report on Thursday. Wall Street Zen cut Acadian Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research downgraded Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Weiss Ratings cut shares of Acadian Asset Management from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 24th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Acadian Asset Management has a consensus rating of “Hold” and a consensus price target of $45.67.

Acadian Asset Management Stock Performance

Shares of AAMI stock opened at $44.44 on Friday. The firm’s 50-day moving average is $47.14 and its 200-day moving average is $40.00. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 18.75 and a beta of 1.42. Acadian Asset Management Inc. has a 52-week low of $22.60 and a 52-week high of $54.99.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. Acadian Asset Management had a return on equity of 126.50% and a net margin of 15.70%. Sell-side analysts predict that Acadian Asset Management Inc. will post 2.78 EPS for the current fiscal year.

Acadian Asset Management Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Friday, December 12th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. Acadian Asset Management’s payout ratio is presently 1.69%.

About Acadian Asset Management

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.