53,397 Shares in Acadian Asset Management Inc. $AAMI Acquired by Exchange Traded Concepts LLC

Key Points

• Exchange Traded Concepts LLC acquired 53,397 shares of Acadian Asset Management (NYSE:AAMI) during the 2nd quarter, representing an approximate value of $1,882,000.
• Recent analyst reports show upgraded price targets for AAMI, with Morgan Stanley raising its target from $27 to $30 and Royal Bank Of Canada increasing theirs from $34 to $42.
• Acadian Asset Management recently announced a $0.01 quarterly dividend, indicating a low yield of 0.1%, with the ex-dividend date set for Friday, September 12th.

Exchange Traded Concepts LLC acquired a new stake in Acadian Asset Management Inc. (NYSE:AAMI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 53,397 shares of the company's stock, valued at approximately $1,882,000. Exchange Traded Concepts LLC owned approximately 0.15% of Acadian Asset Management at the end of the most recent quarter.

Acadian Asset Management Stock Performance

Shares of NYSE:AAMI traded up $0.02 during trading on Monday, reaching $48.88. 347,168 shares of the stock traded hands, compared to its average volume of 410,766. The stock has a market cap of $1.75 billion, a P/E ratio of 20.37 and a beta of 1.42. The stock has a 50-day moving average of $45.42 and a two-hundred day moving average of $34.93. Acadian Asset Management Inc. has a 52-week low of $22.60 and a 52-week high of $51.65.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.52 by $0.12. Acadian Asset Management had a net margin of 16.65% and a return on equity of 174.31%. The company had revenue of $124.90 million during the quarter, compared to analyst estimates of $118.07 million. Sell-side analysts expect that Acadian Asset Management Inc. will post 2.78 earnings per share for the current year.

Acadian Asset Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, September 12th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.1%. Acadian Asset Management's dividend payout ratio (DPR) is currently 1.67%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Evercore ISI reissued a "positive" rating on shares of Acadian Asset Management in a research report on Friday, September 5th. Morgan Stanley raised their price objective on Acadian Asset Management from $27.00 to $30.00 and gave the company an "equal weight" rating in a report on Wednesday, July 2nd. Royal Bank Of Canada upped their price target on Acadian Asset Management from $34.00 to $42.00 and gave the company a "sector perform" rating in a research report on Friday, August 1st. Finally, Wall Street Zen raised Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 2nd. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $40.00.

Acadian Asset Management Profile

Acadian Asset Management Inc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.