Kendall Capital Management Makes New $357,000 Investment in Acadian Asset Management Inc. $AAMI

Key Points

• Kendall Capital Management made a new investment in Acadian Asset Management, acquiring 10,130 shares valued at approximately $357,000.
• Acadian Asset Management reported earnings per share (EPS) of $0.64 for the last quarter, exceeding analysts' expectations of $0.52.
• Several institutional investors have recently increased their holdings in Acadian Asset Management, which is primarily owned by institutional investors and hedge funds, holding 98.69% of the company's stock.

Kendall Capital Management acquired a new position in Acadian Asset Management Inc. (NYSE:AAMI - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,130 shares of the company's stock, valued at approximately $357,000.

Several other institutional investors have also modified their holdings of AAMI. State of Alaska Department of Revenue acquired a new position in shares of Acadian Asset Management during the 2nd quarter worth about $562,000. Public Employees Retirement System of Ohio bought a new position in shares of Acadian Asset Management during the 2nd quarter worth about $44,000. GAMMA Investing LLC purchased a new stake in shares of Acadian Asset Management during the 2nd quarter worth approximately $37,000. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Acadian Asset Management during the 2nd quarter worth $1,882,000. Institutional investors and hedge funds own 98.69% of the company's stock.

Acadian Asset Management Price Performance

Shares of Acadian Asset Management stock opened at $48.96 on Friday. Acadian Asset Management Inc. has a 1 year low of $22.60 and a 1 year high of $51.65. The company has a market capitalization of $1.75 billion, a P/E ratio of 20.40 and a beta of 1.42. The business has a 50-day moving average of $46.11 and a two-hundred day moving average of $35.53.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.52 by $0.12. Acadian Asset Management had a return on equity of 174.31% and a net margin of 16.65%.The company had revenue of $124.90 million for the quarter, compared to the consensus estimate of $118.07 million. On average, equities analysts anticipate that Acadian Asset Management Inc. will post 2.78 EPS for the current fiscal year.

Acadian Asset Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a $0.01 dividend. The ex-dividend date was Friday, September 12th. This represents a $0.04 annualized dividend and a dividend yield of 0.1%. Acadian Asset Management's dividend payout ratio (DPR) is 1.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AAMI. Evercore ISI reaffirmed a "positive" rating on shares of Acadian Asset Management in a report on Friday, September 5th. Morgan Stanley boosted their price target on shares of Acadian Asset Management from $27.00 to $30.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. Wall Street Zen raised shares of Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a research report on Saturday, August 2nd. Finally, Royal Bank Of Canada raised their target price on shares of Acadian Asset Management from $34.00 to $42.00 and gave the stock a "sector perform" rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $40.00.

About Acadian Asset Management

Acadian Asset Management Inc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.

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