BlackRock Inc. Acquires New Stake in Acadian Asset Management Inc. $AAMI

Key Points

• BlackRock acquired 4.49 million shares of Acadian Asset Management in the second quarter, worth approximately $320.9 million and representing a 12.59% stake. Institutional investors collectively own 98.69% of the company.
• Acadian reported quarterly EPS of $1.33, beating estimates of $1.03, on revenue of $183.2 million. The company also declared a quarterly dividend of $0.10 per share, equal to a 0.4% annualized yield.
• AAMI shares rose 2.6% to $95.87, near their 52-week high of $96.00. Analyst sentiment is “Moderate Buy,” though the consensus price target of $81.67 is below the current share price.

BlackRock Inc. 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 and Exchange Commission. The fund bought 4,486,535 shares of the company's stock, valued at approximately $320,877,000. BlackRock Inc. owned approximately 12.59% of Acadian Asset Management as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC acquired a new position in shares of Acadian Asset Management in the 2nd quarter valued at $31,000. Transamerica Financial Advisors LLC increased its stake in 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 period. Raymond James Financial Inc. purchased a new stake in shares of Acadian Asset Management during the 2nd quarter worth approximately $61,000. WealthCollab LLC acquired a new stake in Acadian Asset Management during the second quarter worth approximately $65,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of Acadian Asset Management in the 2nd quarter valued at $97,000. Hedge funds and other institutional investors own 98.69% of the company's stock.

Acadian Asset Management Trading Up 2.6%

Shares of AAMI stock opened at $95.87 on Thursday. Acadian Asset Management Inc. has a twelve month low of $41.47 and a twelve month high of $96.00. The stock has a market cap of $3.40 billion, a P/E ratio of 33.88 and a beta of 1.30. The stock has a 50 day moving average of $83.14 and a 200 day moving average of $69.64.

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

Acadian Asset Management Announces Dividend

The company also recently declared 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 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 is 14.13%.

Analyst Upgrades and Downgrades

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