Ensign Peak Advisors Inc Invests $439,000 in Acadian Asset Management Inc. $AAMI

Ensign Peak Advisors Inc bought a new stake in Acadian Asset Management Inc. (NYSE:AAMI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,459 shares of the company’s stock, valued at approximately $439,000.

A number of other large investors have also added to or reduced their stakes in AAMI. Jennison Associates LLC bought a new stake in Acadian Asset Management during the second quarter worth about $73,690,000. Impax Asset Management Group plc bought a new stake in Acadian Asset Management in the 2nd quarter worth approximately $35,240,000. William Blair Investment Management LLC purchased a new stake in Acadian Asset Management in the second quarter worth approximately $25,094,000. Geode Capital Management LLC bought a new position in Acadian Asset Management during the second quarter valued at approximately $22,116,000. Finally, Bank of New York Mellon Corp bought a new position in Acadian Asset Management during the second quarter valued at approximately $7,937,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Price Performance

Shares of NYSE AAMI opened at $44.84 on Monday. Acadian Asset Management Inc. has a 1 year low of $22.60 and a 1 year high of $54.99. The stock has a market capitalization of $1.60 billion, a P/E ratio of 18.92 and a beta of 1.32. The company’s 50-day moving average is $45.96 and its 200 day moving average is $41.73.

Acadian Asset Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Friday, December 12th will be issued 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 is 1.69%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AAMI shares. Wall Street Zen cut shares of Acadian Asset Management from a “buy” rating to a “hold” rating in a research note on Saturday, November 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. Evercore ISI set a $52.00 price objective on Acadian Asset Management in a research note on Thursday, November 6th. Morgan Stanley reiterated 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 research note on Monday, November 24th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $45.67.

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.