17,700 Shares in Acadian Asset Management Inc. $AAMI Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems acquired 17,700 shares of Acadian Asset Management valued at approximately $1.27 million during the second quarter. Institutional investors and hedge funds collectively own 98.69% of AAMI’s outstanding shares.
• Analysts maintain a generally cautious view, with one Buy rating and four Hold ratings. The stock has an average price target of $81.67, below its reported market price of $91.11.
• Acadian reported quarterly EPS of $1.33, beating consensus estimates of $1.03, on revenue of $183.2 million. The company also declared a quarterly dividend of $0.10 per share, equivalent to a 0.4% annualized yield.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake 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 bought 17,700 shares of the company's stock, valued at approximately $1,266,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC purchased a new position in shares of Acadian Asset Management during the 2nd quarter worth $31,000. Public Employees Retirement System of Ohio acquired a new stake in Acadian Asset Management during the second quarter worth about $38,000. Transamerica Financial Advisors LLC increased its position in 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 purchasing an additional 635 shares during the last quarter. Allworth Financial LP purchased a new position in Acadian Asset Management during the second quarter worth about $49,000. Finally, Raymond James Financial Inc. purchased a new position in Acadian Asset Management during the second quarter worth about $61,000. 98.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AAMI. Zacks Research cut shares of Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 25th. Morgan Stanley set a $81.00 price objective 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 note on Friday, July 10th. Royal Bank Of Canada lifted their target price on Acadian Asset Management from $72.00 to $80.00 and gave the company a "sector perform" rating in a research report on Friday, July 31st. Finally, Weiss Ratings raised Acadian Asset Management from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, August 21st. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $81.67.

Acadian Asset Management Stock Performance

Acadian Asset Management stock opened at $91.11 on Friday. The company's 50 day simple moving average is $88.02 and its 200-day simple moving average is $72.94. Acadian Asset Management Inc. has a 1 year low of $41.47 and a 1 year high of $98.52. The company has a market capitalization of $3.23 billion, a price-to-earnings ratio of 32.20 and a beta of 1.30.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.30. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%.The company had revenue of $183.20 million for the quarter. Equities analysts expect that Acadian Asset Management Inc. will post 5.07 earnings per share for the current year.

Acadian Asset Management Dividend Announcement

The company also recently disclosed 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 dividend yield of 0.4%. The ex-dividend date is Friday, September 11th. Acadian Asset Management's payout ratio is currently 14.13%.

About Acadian Asset Management

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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