Algert Global LLC Has $5.30 Million Holdings in Acadian Asset Management Inc. $AAMI

Key Points

• Algert Global reduced its Acadian Asset Management stake by 23.4% in the second quarter, selling 22,620 shares and retaining 74,067 shares valued at approximately $5.3 million. Institutional investors collectively own 98.69% of AAMI.
• Acadian reported quarterly EPS of $1.33, beating analyst expectations of $1.03, on revenue of $183.2 million. Analysts project full-year EPS of $5.07.
• AAMI shares opened at $97.33, near their 52-week high, while analysts maintain a consensus “Hold” rating with an average price target of $81.67. The company also declared a quarterly dividend of $0.10 per share.

Algert Global LLC cut its position in shares of Acadian Asset Management Inc. (NYSE:AAMI - Free Report) by 23.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 74,067 shares of the company's stock after selling 22,620 shares during the quarter. Algert Global LLC owned 0.21% of Acadian Asset Management worth $5,297,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in Acadian Asset Management in the 2nd quarter valued at approximately $320,877,000. Jacobs Levy Equity Management Inc. acquired a new stake in Acadian Asset Management in the 3rd quarter valued at $20,059,000. Boston Trust Walden Corp bought a new stake in Acadian Asset Management in the first quarter valued at $15,325,000. Soros Fund Management LLC raised its stake in Acadian Asset Management by 61.3% during the fourth quarter. Soros Fund Management LLC now owns 737,367 shares of the company's stock worth $34,656,000 after acquiring an additional 280,239 shares in the last quarter. Finally, Amundi acquired a new position in Acadian Asset Management during the third quarter worth $11,361,000. 98.69% of the stock is owned by hedge funds and other institutional investors.

Acadian Asset Management Stock Performance

Shares of AAMI opened at $97.33 on Friday. Acadian Asset Management Inc. has a 52 week low of $41.47 and a 52 week high of $98.30. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 34.39 and a beta of 1.30. The business's fifty day moving average price is $83.58 and its two-hundred day moving average price is $69.97.

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

Acadian Asset Management Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. Acadian Asset Management's dividend payout ratio (DPR) is presently 14.13%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AAMI shares. Morgan Stanley set a $81.00 target price on shares of Acadian Asset Management in a report on Wednesday, July 29th. Royal Bank Of Canada lifted 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 report on Friday, July 31st. 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. Zacks Research cut shares of Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Finally, Evercore set a $84.00 price objective on shares of Acadian Asset Management in a report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" 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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