Deutsche Bank AG Makes New $2.12 Million Investment in Acadian Asset Management Inc. $AAMI

Key Points

• Deutsche Bank AG acquired 29,706 shares of Acadian Asset Management valued at approximately $2.12 million, giving it a 0.08% stake. Institutional investors and hedge funds collectively own 98.69% of the company.
• Acadian reported quarterly earnings of $1.33 per share, exceeding the $1.03 consensus estimate, on revenue of $183.2 million. Analysts’ average rating remains “Hold,” with an average price target of $81.67.
• AAMI shares opened at $97.33, near their 52-week high of $98.30. The company also declared a quarterly dividend of $0.10 per share, representing a 0.4% annualized yield.

Deutsche Bank AG bought a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 29,706 shares of the company's stock, valued at approximately $2,125,000. Deutsche Bank AG owned about 0.08% of Acadian Asset Management at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Transamerica Financial Advisors LLC grew its position in shares of Acadian Asset Management by 380.2% during the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company's stock valued at $38,000 after buying an additional 635 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in Acadian Asset Management in the second quarter worth about $31,000. Raymond James Financial Inc. acquired a new position in Acadian Asset Management in the second quarter valued at approximately $61,000. WealthCollab LLC bought a new position in shares of Acadian Asset Management during the second quarter valued at approximately $65,000. Finally, Kestra Advisory Services LLC bought a new position in shares of Acadian Asset Management during the fourth quarter valued at approximately $119,000. 98.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AAMI shares. Morgan Stanley set a $81.00 price target on Acadian Asset Management in a report on Wednesday, July 29th. Wall Street Zen raised Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a research report on Sunday, May 10th. Royal Bank Of Canada raised their target price 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. Weiss Ratings upgraded shares of Acadian Asset Management from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Finally, Zacks Research downgraded shares of Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Acadian Asset Management presently has an average rating of "Hold" and an average target price of $81.67.

Acadian Asset Management Trading Up 1.8%

Acadian Asset Management stock opened at $97.33 on Friday. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 34.39 and a beta of 1.30. The company's 50-day moving average price is $83.58 and its two-hundred day moving average price is $69.97. Acadian Asset Management Inc. has a 52 week low of $41.47 and a 52 week high of $98.30.

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

Acadian Asset Management Dividend Announcement

The company 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 $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Friday, September 11th. Acadian Asset Management's dividend payout ratio is 14.13%.

Acadian Asset Management 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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