214,134 Shares in Acadian Asset Management Inc. $AAMI Acquired by Latigo Investments LLC

Key Points

• Latigo Investments acquired 214,134 shares of Acadian Asset Management worth approximately $6.46 million, representing about 0.60% of the company and 2.9% of Latigo’s portfolio.
• Several other institutional investors also initiated positions, while hedge funds and institutions collectively own 98.69% of AAMI’s outstanding shares.
• Acadian reported quarterly EPS of $1.33, beating estimates of $1.03, and analysts maintain a “Moderate Buy” consensus with an average price target of $81.67; the company also announced a quarterly dividend of $0.10 per share.

Latigo Investments LLC bought a new position in shares of Acadian Asset Management Inc. (NYSE:AAMI - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 214,134 shares of the company's stock, valued at approximately $6,460,000. Acadian Asset Management comprises about 2.9% of Latigo Investments LLC's investment portfolio, making the stock its 7th largest holding. Latigo Investments LLC owned approximately 0.60% of Acadian Asset Management at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. purchased a new position in shares of Acadian Asset Management in the second quarter worth $6,964,000. American Century Companies Inc. purchased a new stake in shares of Acadian Asset Management during the second quarter valued at $1,773,000. Russell Investments Group Ltd. purchased a new stake in shares of Acadian Asset Management during the second quarter valued at $97,000. New York State Common Retirement Fund purchased a new stake in shares of Acadian Asset Management during the second quarter valued at $299,000. Finally, Quantbot Technologies LP acquired a new position in shares of Acadian Asset Management in the 2nd quarter valued at $436,000. Institutional investors and hedge funds own 98.69% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Zacks Research upgraded Acadian Asset Management from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Royal Bank Of Canada boosted 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. Evercore set a $84.00 price objective on Acadian Asset Management in a report on Friday, July 10th. Morgan Stanley set a $81.00 price objective on Acadian Asset Management in a research note on Wednesday, July 29th. Finally, Wall Street Zen raised Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Acadian Asset Management currently has a consensus rating of "Moderate Buy" and an average target price of $81.67.

Acadian Asset Management Price Performance

Shares of Acadian Asset Management stock opened at $92.67 on Monday. The stock has a market cap of $3.29 billion, a PE ratio of 32.74 and a beta of 1.30. The firm has a fifty day moving average price of $81.00 and a 200 day moving average price of $67.46. Acadian Asset Management Inc. has a 1 year low of $41.47 and a 1 year high of $93.82.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.03 by $0.30. The company had revenue of $183.20 million for the quarter. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. As a group, equities analysts expect that Acadian Asset Management Inc. 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. Stockholders of record on Friday, September 11th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 11th. Acadian Asset Management's payout ratio is 14.13%.

Acadian Asset Management 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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