40,664 Shares in Acadian Asset Management Inc. $AAMI Acquired by EFG International AG

Key Points

• EFG International acquired 40,664 shares of Acadian Asset Management, valued at approximately $2.9 million. Institutional investors and hedge funds collectively own 98.69% of AAMI’s outstanding stock.
• Acadian reported quarterly earnings of $1.33 per share, beating analyst expectations of $1.03, on revenue of $183.2 million. The stock opened at $95.87, near its 52-week high of $96.00.
• The company declared a quarterly dividend of $0.10 per share, equivalent to an annualized $0.40 dividend and a 0.4% yield. Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $81.67.

EFG International AG acquired a new stake in Acadian Asset Management Inc. (NYSE:AAMI - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 40,664 shares of the company's stock, valued at approximately $2,913,000. EFG International AG owned approximately 0.11% of Acadian Asset Management at the end of the most recent reporting period.

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

Acadian Asset Management Stock Up 2.6%

AAMI opened at $95.87 on Thursday. The firm has a market cap of $3.40 billion, a P/E ratio of 33.88 and a beta of 1.30. Acadian Asset Management Inc. has a 52 week low of $41.47 and a 52 week high of $96.00. The business's fifty day simple moving average is $83.14 and its 200 day simple moving average is $69.64.

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 for the quarter, beating 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 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 fiscal year.

Acadian Asset Management Announces Dividend

The company also recently declared 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. The ex-dividend date is Friday, September 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. Acadian Asset Management's payout ratio is 14.13%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Zacks Research raised shares of Acadian Asset Management from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded shares of 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 shares of Acadian Asset Management in a report on Friday, July 10th. Royal Bank Of Canada increased their price target on shares of 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, Morgan Stanley set a $81.00 price objective on shares of Acadian Asset Management in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Acadian Asset Management currently has a consensus rating of "Moderate Buy" and a consensus price target of $81.67.

About Acadian Asset Management

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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