Acadian Asset Management Inc. $AAMI Stock: Fulcrum Asset Management LLP Grows Stake

Key Points

• Fulcrum Asset Management increased its AAMI stake by 421.6% in the third quarter, adding 96,406 shares to hold 119,270 shares valued at $11.03 million. Institutional investors own 98.69% of the stock.
• Analyst views are mixed, but the consensus rating is Moderate Buy with a $100 target price. Morgan Stanley raised its rating to Overweight and its target to $110, while other firms issued Hold or Sector Perform ratings.
• Acadian reported quarterly EPS of $1.36, beating the $1.22 consensus estimate, on revenue of $189.1 million. It also announced a $0.10 quarterly dividend, equivalent to a 0.4% annualized yield.

Fulcrum Asset Management LLP lifted its position in shares of Acadian Asset Management Inc. (NYSE:AAMI - Free Report) by 421.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,270 shares of the company's stock after purchasing an additional 96,406 shares during the quarter. Acadian Asset Management accounts for 0.5% of Fulcrum Asset Management LLP's investment portfolio, making the stock its 27th largest holding. Fulcrum Asset Management LLP owned 0.34% of Acadian Asset Management worth $11,030,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Paulson & CO. Inc. acquired a new stake in Acadian Asset Management in the 2nd quarter valued at $417,912,000. BlackRock Inc. acquired a new position in Acadian Asset Management during the second quarter worth $320,877,000. Azora Capital LP acquired a new position in Acadian Asset Management during the second quarter worth $35,474,000. Amundi acquired a new position in Acadian Asset Management during the second quarter worth $22,694,000. Finally, William Blair Investment Management LLC bought a new position in shares of Acadian Asset Management in the second quarter valued at $14,862,000. 98.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AAMI. Morgan Stanley upgraded shares of Acadian Asset Management from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $97.00 to $110.00 in a report on Thursday. Zacks Research lowered shares of Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Royal Bank Of Canada upped their target price on shares of Acadian Asset Management from $85.00 to $88.00 and gave the stock a "sector perform" rating in a report on Friday, October 30th. Evercore set a $102.00 price target on shares of Acadian Asset Management in a research report on Friday, October 9th. Finally, Wall Street Zen downgraded Acadian Asset Management from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $100.00.

Acadian Asset Management Stock Down 0.3%

Shares of NYSE AAMI opened at $90.66 on Monday. Acadian Asset Management Inc. has a twelve month low of $41.47 and a twelve month high of $98.52. The stock's 50 day moving average price is $92.17 and its 200-day moving average price is $74.59. The company has a market capitalization of $3.22 billion, a PE ratio of 26.59 and a beta of 1.29.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last released its earnings results on Thursday, October 29th. The company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.14. The company had revenue of $189.10 million during the quarter. Acadian Asset Management had a return on equity of 139.70% and a net margin of 17.02%. As a group, research analysts expect that Acadian Asset Management Inc. will post 5.73 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Friday, December 11th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 11th. This represents a $0.40 annualized dividend and a yield of 0.4%. Acadian Asset Management's payout ratio is currently 11.73%.

About Acadian Asset Management

Acadian Asset Management is a global investment manager specializing in systematic, data-driven investment strategies. Founded in 1986, the firm applies quantitative research and technology to analyze markets and build portfolios.

The firm offers investment strategies across global, international and emerging-markets equities, as well as multi-asset and alternative investments. Its offerings include long-only and long-short approaches and customized portfolio solutions for institutional investors and other clients.

Based in Boston, Acadian serves clients around the world, including through offices in several major financial centers.

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