Jupiter Topco LLC purchased a new position in Acadian Asset Management Inc. (NYSE:AAMI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 151,546 shares of the company's stock, valued at approximately $10,840,000. Jupiter Topco LLC owned 0.43% of Acadian Asset Management at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC bought a new stake in shares of Acadian Asset Management during the second quarter valued at approximately $31,000. Transamerica Financial Advisors LLC boosted its position in shares of Acadian Asset Management by 380.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company's stock worth $38,000 after acquiring an additional 635 shares during the last quarter. Allworth Financial LP purchased a new position in Acadian Asset Management during the second quarter valued at $49,000. Raymond James Financial Inc. purchased a new position in Acadian Asset Management during the second quarter valued at $61,000. Finally, WealthCollab LLC bought a new stake in Acadian Asset Management in the 2nd quarter valued at $65,000. 98.69% of the stock is owned by hedge funds and other institutional investors.
Acadian Asset Management Stock Down 1.6%
AAMI stock opened at $95.75 on Friday. Acadian Asset Management Inc. has a 52 week low of $41.47 and a 52 week high of $98.52. The company has a fifty day simple moving average of $83.99 and a two-hundred day simple moving average of $70.15. The firm has a market capitalization of $3.40 billion, a P/E ratio of 33.83 and a beta of 1.30.
Acadian Asset Management (NYSE:AAMI - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $1.33 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.30. The business had revenue of $183.20 million during the quarter. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. As a group, analysts anticipate that Acadian Asset Management Inc. will post 5.07 EPS for the current year.
Acadian Asset Management Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a $0.10 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.40 annualized dividend and a yield of 0.4%. Acadian Asset Management's dividend payout ratio (DPR) is currently 14.13%.
Wall Street Analyst Weigh In
Several analysts have commented on AAMI shares. Wall Street Zen upgraded shares of Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a research note on Sunday, May 10th. Morgan Stanley set a $81.00 target price on Acadian Asset Management in a report on Wednesday, July 29th. Evercore set a $84.00 target price on Acadian Asset Management in a research report on Friday, July 10th. Royal Bank Of Canada increased their price target on Acadian Asset Management from $72.00 to $80.00 and gave the company a "sector perform" rating in a research note on Friday, July 31st. 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 analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $81.67.
Check Out Our Latest Stock Report on Acadian Asset Management
About Acadian Asset Management
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding AAMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Acadian Asset Management Inc. (NYSE:AAMI - Free Report).
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