AXQ Capital LP Invests $219,000 in Acadian Asset Management Inc. $AAMI

AXQ Capital LP acquired a new stake in Acadian Asset Management Inc. (NYSE:AAMI) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,218 shares of the company’s stock, valued at approximately $219,000.

Other hedge funds also recently bought and sold shares of the company. Franklin Resources Inc. acquired a new stake in shares of Acadian Asset Management in the 2nd quarter valued at $1,306,000. Legal & General Group Plc purchased a new position in Acadian Asset Management in the second quarter valued at approximately $2,589,000. Brandywine Global Investment Management LLC acquired a new stake in Acadian Asset Management during the second quarter worth approximately $1,425,000. Hillsdale Investment Management Inc. acquired a new stake in Acadian Asset Management during the second quarter worth approximately $2,119,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of Acadian Asset Management during the 2nd quarter worth approximately $6,964,000. Institutional investors and hedge funds own 98.69% of the company’s stock.

Acadian Asset Management Stock Up 1.3%

AAMI stock opened at $44.89 on Wednesday. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 18.94 and a beta of 1.42. The business has a fifty day simple moving average of $46.19 and a 200-day simple moving average of $41.42. Acadian Asset Management Inc. has a 52 week low of $22.60 and a 52 week high of $54.99.

Acadian Asset Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Friday, December 12th will be paid a dividend of $0.01 per share. The ex-dividend date 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 dividend payout ratio (DPR) is currently 1.69%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Evercore ISI set a $52.00 price objective on Acadian Asset Management in a research note on Thursday, November 6th. 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. Royal Bank Of Canada boosted 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 note on Friday, August 1st. Morgan Stanley reissued a “positive” rating on shares of Acadian Asset Management in a report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Acadian Asset Management in a report on Monday. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $45.67.

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.