Azora Capital LP Buys New Position in Acadian Asset Management Inc. $AAMI

Key Points

• Azora Capital initiated a significant position in Acadian Asset Management, buying 496,005 shares worth approximately $35.5 million, or about 1.4% of the company. Institutional investors collectively own 98.69% of AAMI.
• Acadian reported quarterly earnings of $1.33 per share, surpassing the $1.03 consensus estimate, on revenue of $183.2 million. Analysts expect full-year EPS of approximately $5.07.
• The stock opened at $95.87, near its 52-week high, while analysts maintained a “Moderate Buy” consensus with an average price target of $81.67. The company also announced a quarterly dividend of $0.10 per share, yielding about 0.4%.

Azora Capital LP bought a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 496,005 shares of the company's stock, valued at approximately $35,474,000. Acadian Asset Management comprises approximately 1.5% of Azora Capital LP's holdings, making the stock its 26th largest position. Azora Capital LP owned about 1.40% of Acadian Asset Management at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Strs Ohio purchased a new position in shares of Acadian Asset Management during the fourth quarter worth $738,000. Boston Trust Walden Corp acquired a new position in Acadian Asset Management in the 1st quarter valued at about $15,325,000. Principal Financial Group Inc. boosted its stake in shares of Acadian Asset Management by 13.9% in the first quarter. Principal Financial Group Inc. now owns 204,527 shares of the company's stock valued at $11,130,000 after purchasing an additional 24,885 shares during the period. Walleye Capital LLC purchased a new position in shares of Acadian Asset Management in the second quarter valued at approximately $5,906,000. Finally, Summit Global Investments acquired a new position in shares of Acadian Asset Management in the second quarter valued at approximately $1,209,000. 98.69% of the stock is currently owned by institutional investors.

Acadian Asset Management Price Performance

Shares of NYSE:AAMI opened at $95.87 on Thursday. The stock has a market cap of $3.40 billion, a P/E ratio of 33.88 and a beta of 1.30. The firm has a fifty day moving average price of $83.14 and a 200 day moving average price of $69.64. Acadian Asset Management Inc. has a 1-year low of $41.47 and a 1-year high of $96.00.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.33 EPS for the quarter, beating the consensus estimate 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%. Sell-side analysts expect that Acadian Asset Management Inc. will post 5.07 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Morgan Stanley set a $81.00 target price on Acadian Asset Management in a research note on Wednesday, July 29th. Weiss Ratings raised Acadian Asset Management from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Zacks Research upgraded Acadian Asset Management from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Evercore set a $84.00 price objective on Acadian Asset Management in a research report on Friday, July 10th. Finally, Wall Street Zen upgraded shares of Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a research note on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Acadian Asset Management currently has a consensus rating of "Moderate Buy" and an average 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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