Amundi Makes New $22.69 Million Investment in Acadian Asset Management Inc. $AAMI

Key Points

• Amundi purchased 317,315 shares of Acadian Asset Management in the second quarter, valued at approximately $22.69 million and representing about 0.89% of the company. Institutional investors collectively own 98.69% of AAMI.
• Acadian reported quarterly EPS of $1.33, exceeding the $1.03 consensus estimate, on revenue of $183.2 million. The company has a $91.11 share price and a market capitalization of roughly $3.23 billion.
• Analysts maintain a generally cautious outlook, with one Buy rating and four Hold ratings and an average price target of $81.67. Acadian also announced a quarterly dividend of $0.10 per share, yielding approximately 0.4%.

Amundi purchased a new position in Acadian Asset Management Inc. (NYSE:AAMI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 317,315 shares of the company's stock, valued at approximately $22,694,000. Amundi owned about 0.89% of Acadian Asset Management as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new position in shares of Acadian Asset Management during the second quarter worth about $38,000. Allworth Financial LP bought a new position in shares of Acadian Asset Management during the 2nd quarter worth approximately $49,000. Transamerica Financial Advisors LLC raised its holdings in shares of Acadian Asset Management by 380.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company's stock valued at $38,000 after purchasing an additional 635 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of Acadian Asset Management in the second quarter valued at approximately $31,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Acadian Asset Management in the second quarter valued at approximately $67,000. Institutional investors own 98.69% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Zacks Research cut Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Weiss Ratings raised Acadian Asset Management from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Evercore set a $84.00 price objective on Acadian Asset Management in a research note on Friday, July 10th. Morgan Stanley set a $81.00 price objective on shares of Acadian Asset Management in a research report on Wednesday, July 29th. Finally, Royal Bank Of Canada increased their price target on Acadian Asset Management from $72.00 to $80.00 and gave the company a "sector perform" rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Acadian Asset Management presently has an average rating of "Hold" and an average price target of $81.67.

Acadian Asset Management Price Performance

AAMI stock opened at $91.11 on Friday. The stock has a market capitalization of $3.23 billion, a PE ratio of 32.20 and a beta of 1.30. The company's 50-day moving average is $88.02 and its 200-day moving average is $72.94. Acadian Asset Management Inc. has a 1 year low of $41.47 and a 1 year high of $98.52.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.03 by $0.30. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. The company had revenue of $183.20 million during the quarter. On average, analysts anticipate that Acadian Asset Management Inc. will post 5.07 earnings per share for the current fiscal year.

Acadian Asset Management Dividend Announcement

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

About Acadian Asset Management

Acadian Asset Management Inc is an investment management company that provides systematic, research-driven strategies to institutional and other professional investors. Through its investment management operations, the company uses quantitative models, fundamental research, and technology to analyze global markets and construct portfolios.

Acadian's offerings include active strategies focused on global, international, emerging-market, and regional equities, as well as alternative and multi-asset solutions.

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