133,241 Shares of Acadian Asset Management Inc. $AAMI Bought by Bank of America Corp DE

Key Points

• Bank of America acquired 133,241 shares of Acadian Asset Management in the second quarter, valued at approximately $9.5 million, giving it a 0.38% stake. Institutional investors collectively own 98.69% of the company.
• Acadian reported quarterly EPS of $1.33, exceeding analysts’ $1.03 estimate, on revenue of $183.2 million. Analysts expect full-year EPS of approximately $5.07.
• The stock opened at $93.81, near its 52-week high, while the analyst consensus remained “Hold” with an average price target of $86.33. The company also pays a quarterly dividend of $0.10 per share, for a 0.4% annualized yield.

Bank of America Corp DE bought a new position in shares of Acadian Asset Management Inc. (NYSE:AAMI - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 133,241 shares of the company's stock, valued at approximately $9,529,000. Bank of America Corp DE owned approximately 0.38% of Acadian Asset Management as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Paulson & CO. Inc. acquired a new position in Acadian Asset Management during the 2nd quarter worth about $417,912,000. BlackRock Inc. acquired a new stake in shares of Acadian Asset Management in the second quarter valued at approximately $320,877,000. Boston Trust Walden Corp bought a new position in Acadian Asset Management in the 1st quarter worth approximately $15,325,000. SG Americas Securities LLC boosted its holdings in Acadian Asset Management by 67.9% in the first quarter. SG Americas Securities LLC now owns 603,683 shares of the company's stock valued at $32,852,000 after acquiring an additional 244,070 shares during the last quarter. Finally, William Blair Investment Management LLC acquired a new stake in Acadian Asset Management in the second quarter worth about $14,862,000. 98.69% of the stock is owned by institutional investors.

Acadian Asset Management Stock Up 0.5%

Acadian Asset Management stock opened at $93.81 on Friday. The stock has a market capitalization of $3.33 billion, a PE ratio of 33.15 and a beta of 1.30. Acadian Asset Management Inc. has a twelve month low of $41.47 and a twelve month high of $98.52. The company has a 50 day moving average of $90.16 and a 200-day moving average of $75.54.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. Equities analysts anticipate that Acadian Asset Management Inc. will post 5.07 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Friday, September 11th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Acadian Asset Management's dividend payout ratio is 14.13%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Royal Bank Of Canada boosted their price objective on Acadian Asset Management from $72.00 to $80.00 and gave the stock a "sector perform" rating in a report on Friday, July 31st. Wall Street Zen lowered shares of Acadian Asset Management from a "strong-buy" rating to a "buy" rating in a report on Saturday. Morgan Stanley raised their price target on Acadian Asset Management from $81.00 to $95.00 and gave the stock an "equal weight" rating in a research report on Friday. Zacks Research cut Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 25th. Finally, Weiss Ratings upgraded Acadian Asset Management from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, August 21st. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $86.33.

Acadian Asset Management Profile

Acadian Asset Management Inc is an investment management company that provides systematic, research-driven strategies to institutional and other professional investors. Through its investment management operations, the company uses quantitative models, fundamental research, and technology to analyze global markets and construct portfolios.

Acadian's offerings include active strategies focused on global, international, emerging-market, and regional equities, as well as alternative and multi-asset solutions.

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