Acadian Asset Management Inc. (NYSE:AAMI) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analyst consensus is “Hold”: Four of five covering brokerages rate Acadian Asset Management neutral, while one recommends buying. The average 12-month price target is $81.67, below the recent $97.33 share price.
• Institutional ownership is substantial: Hedge funds and other institutions own 98.69% of the company, with major new positions reported by Paulson & Co. and BlackRock.
• Recent operating results were strong: Acadian reported quarterly earnings of $1.33 per share, beating the $1.03 consensus estimate, and declared a $0.10 quarterly dividend, equivalent to a 0.4% annualized yield.

Shares of Acadian Asset Management Inc. (NYSE:AAMI - Get Free Report) have been given an average rating of "Hold" by the five ratings firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $81.6667.

Several research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Acadian Asset Management from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, August 21st. Wall Street Zen upgraded Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a research report on Sunday, May 10th. Evercore set a $84.00 price target on Acadian Asset Management in a report on Friday, July 10th. Royal Bank Of Canada upped their price target on Acadian Asset Management from $72.00 to $80.00 and gave the stock a "sector perform" rating in a research report on Friday, July 31st. Finally, Zacks Research downgraded Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday.

Hedge Funds Weigh In On Acadian Asset Management

Several large investors have recently added to or reduced their stakes in AAMI. Paulson & CO. Inc. bought a new position in shares of Acadian Asset Management in the second quarter worth approximately $417,912,000. BlackRock Inc. bought a new stake in shares of Acadian Asset Management during the 2nd quarter valued at $320,877,000. California State Teachers Retirement System lifted its stake in shares of Acadian Asset Management by 9,010.0% during the 2nd quarter. California State Teachers Retirement System now owns 2,466,081 shares of the company's stock valued at $176,374,000 after buying an additional 2,439,011 shares in the last quarter. Azora Capital LP purchased a new position in shares of Acadian Asset Management during the 2nd quarter valued at $35,474,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in Acadian Asset Management in the 3rd quarter worth $20,059,000. Hedge funds and other institutional investors own 98.69% of the company's stock.

Acadian Asset Management Trading Up 1.8%

Shares of AAMI opened at $97.33 on Friday. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 34.39 and a beta of 1.30. The business's fifty day simple moving average is $83.58 and its two-hundred day simple moving average is $69.97. Acadian Asset Management has a 12 month low of $41.47 and a 12 month high of $98.30.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.30. The firm had revenue of $183.20 million during the quarter. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%. As a group, research analysts forecast that Acadian Asset Management will post 5.07 EPS for the current year.

Acadian Asset Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Friday, September 11th. Acadian Asset Management's dividend payout ratio is currently 14.13%.

Acadian Asset Management Company Profile

Acadian Asset Management is a global investment management firm specializing in quantitative research and systematic strategies. Since its founding in 1986, the firm has developed data-driven models designed to identify and capture investment opportunities across equity and fixed income markets. By integrating advanced analytics, proprietary risk management tools and a disciplined investment process, Acadian seeks to deliver consistent performance for institutional clients.

The firm's core offerings include institutional equity portfolios, fixed income strategies and multi-asset solutions.

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