Bank of New York Mellon Corp Purchases New Shares in Acadian Asset Management Inc. $AAMI

Key Points

• Bank of New York Mellon initiated a 204,912-share position in Acadian Asset Management, valued at approximately $14.7 million, while 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. Analysts maintain a consensus “Hold” rating with an average price target of $81.67.
• The company declared a quarterly dividend of $0.10 per share, equal to an annualized $0.40 payout and a 0.4% yield.

Bank of New York Mellon Corp bought a new position in shares of Acadian Asset Management Inc. (NYSE:AAMI - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 204,912 shares of the company's stock, valued at approximately $14,655,000. Bank of New York Mellon Corp owned about 0.58% of Acadian Asset Management as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of AAMI. State of Wyoming purchased a new stake in Acadian Asset Management during the 2nd quarter worth approximately $498,000. GSA Capital Partners LLP acquired a new stake in shares of Acadian Asset Management during the second quarter worth approximately $1,038,000. Summit Global Investments acquired a new stake in shares of Acadian Asset Management during the second quarter worth approximately $1,209,000. Walleye Capital LLC bought a new stake in shares of Acadian Asset Management in the second quarter worth $5,906,000. Finally, World Equity Group Inc. bought a new stake in shares of Acadian Asset Management in the second quarter worth $701,000. Institutional investors and hedge funds own 98.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AAMI. Royal Bank Of Canada raised their price objective on shares of Acadian Asset Management from $72.00 to $80.00 and gave the stock a "sector perform" rating in a report on Friday, July 31st. Wall Street Zen raised shares of Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a research report on Sunday, May 10th. Weiss Ratings upgraded Acadian Asset Management from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, August 21st. Morgan Stanley set a $81.00 price objective on Acadian Asset Management in a report on Wednesday, July 29th. Finally, Evercore set a $84.00 price objective on Acadian Asset Management in a research note 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $81.67.

Acadian Asset Management Stock Performance

NYSE:AAMI opened at $90.08 on Wednesday. The firm's 50-day moving average is $84.74 and its 200-day moving average is $70.85. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 31.83 and a beta of 1.30. Acadian Asset Management Inc. has a 52-week low of $41.47 and a 52-week high of $98.52.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) for the quarter, topping 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%. Equities analysts predict that Acadian Asset Management Inc. will post 5.07 EPS for the current year.

Acadian Asset Management Announces Dividend

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

Acadian Asset Management Company Profile

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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