Caldwell Investment Management Ltd. Acquires New Shares in Acadian Asset Management Inc. $AAMI

Key Points

• Caldwell Investment Management acquired 17,500 shares of Acadian Asset Management worth approximately $1.25 million, while other institutional investors also increased holdings. Institutions collectively own 98.69% of AAMI’s stock.
• Acadian Asset Management reported quarterly earnings of $1.33 per share, beating estimates of $1.03, on revenue of $183.2 million. The stock opened at $92.14, near its 52-week high of $93.82.
• The company declared a quarterly dividend of $0.10 per share, equivalent to an annualized $0.40 payout and a 0.4% yield. Analysts collectively rate AAMI a “Moderate Buy,” with an average price target of $81.67.

Caldwell Investment Management Ltd. bought a new position in Acadian Asset Management Inc. (NYSE:AAMI - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 17,500 shares of the company's stock, valued at approximately $1,251,000. Acadian Asset Management comprises about 0.8% of Caldwell Investment Management Ltd.'s investment portfolio, making the stock its 16th largest position.

Several other institutional investors and hedge funds also recently modified their holdings of AAMI. BlackRock Inc. acquired a new position in shares of Acadian Asset Management in the 2nd quarter worth approximately $320,877,000. Jennison Associates LLC boosted its stake in shares of Acadian Asset Management by 5.9% during the 1st quarter. Jennison Associates LLC now owns 2,022,207 shares of the company's stock worth $110,049,000 after acquiring an additional 112,985 shares in the last quarter. State Street Corp boosted its stake in shares of Acadian Asset Management by 0.5% during the 4th quarter. State Street Corp now owns 1,206,244 shares of the company's stock worth $56,693,000 after acquiring an additional 5,541 shares in the last quarter. Impax Asset Management Group plc grew its holdings in shares of Acadian Asset Management by 10.4% in the 4th quarter. Impax Asset Management Group plc now owns 845,451 shares of the company's stock worth $39,736,000 after acquiring an additional 79,967 shares during the last quarter. Finally, Soros Fund Management LLC grew its holdings in shares of Acadian Asset Management by 61.3% in the 4th quarter. Soros Fund Management LLC now owns 737,367 shares of the company's stock worth $34,656,000 after acquiring an additional 280,239 shares during the last quarter. Institutional investors own 98.69% of the company's stock.

Acadian Asset Management Trading Up 1.4%

AAMI opened at $92.14 on Friday. The stock has a fifty day moving average price of $82.43 and a 200 day moving average price of $68.65. Acadian Asset Management Inc. has a 1 year low of $41.47 and a 1 year high of $93.82. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 32.56 and a beta of 1.30.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.30. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%.The company had revenue of $183.20 million for the quarter. As a group, sell-side analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be issued a $0.10 dividend. 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 dividend payout ratio is currently 14.13%.

Analyst Ratings Changes

AAMI has been the subject of several analyst reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Acadian Asset Management in a report on Friday, August 7th. Morgan Stanley set a $81.00 price target on Acadian Asset Management in a research note on Wednesday, July 29th. Royal Bank Of Canada boosted their price objective on 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. Finally, Evercore set a $84.00 target price on Acadian Asset Management in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $81.67.

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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