Allspring Global Investments Holdings LLC Makes New $7.51 Million Investment in Acadian Asset Management Inc. $AAMI

Key Points

• Allspring Global Investments Holdings LLC has made a new investment of approximately $7.51 million in Acadian Asset Management, acquiring 210,415 shares, representing about 0.59% ownership of the company.
• Acadian Asset Management recently reported earnings per share of $0.64 for the last quarter, exceeding analysts' expectations of $0.52.
• The company declared a quarterly dividend of $0.01 per share with a dividend yield of 0.1% and a payout ratio of 1.67%.

Allspring Global Investments Holdings LLC acquired a new position in Acadian Asset Management Inc. (NYSE:AAMI - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 210,415 shares of the company's stock, valued at approximately $7,512,000. Allspring Global Investments Holdings LLC owned about 0.59% of Acadian Asset Management at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Maryland State Retirement & Pension System bought a new stake in Acadian Asset Management in the 2nd quarter worth approximately $278,000. SummerHaven Investment Management LLC bought a new position in shares of Acadian Asset Management during the 2nd quarter valued at approximately $1,248,000. Exchange Traded Concepts LLC bought a new position in shares of Acadian Asset Management during the 2nd quarter valued at approximately $1,882,000. KLP Kapitalforvaltning AS bought a new position in shares of Acadian Asset Management during the 2nd quarter valued at approximately $635,000. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Acadian Asset Management during the 2nd quarter valued at approximately $44,000. Institutional investors own 98.69% of the company's stock.

Acadian Asset Management Trading Up 1.3%

AAMI opened at $46.31 on Monday. Acadian Asset Management Inc. has a 12-month low of $22.60 and a 12-month high of $51.65. The business's fifty day simple moving average is $47.58 and its 200-day simple moving average is $37.74. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 19.30 and a beta of 1.39.

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

Acadian Asset Management Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. Acadian Asset Management's dividend payout ratio is presently 1.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Evercore ISI reissued a "positive" rating on shares of Acadian Asset Management in a research report on Friday, September 5th. Wall Street Zen downgraded Acadian Asset Management from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Zacks Research downgraded Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 3rd. Royal Bank Of Canada upped their price objective 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, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Acadian Asset Management in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $44.33.

Acadian Asset Management Company 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.

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