Legal & General Group Plc Invests $4.86 Million in Acadian Asset Management Inc. $AAMI

Key Points

• Legal & General Group Plc purchased 68,012 shares of Acadian Asset Management worth approximately $4.86 million, representing about 0.19% of the company. 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. The stock opened at $92.16, near its 52-week high of $98.52.
• The company declared a quarterly dividend of $0.10 per share, equivalent to a $0.40 annualized payout and a 0.4% yield. Analysts maintain a consensus “Hold” rating with an average price target of $81.67.

Legal & General Group Plc purchased a new stake in Acadian Asset Management Inc. (NYSE:AAMI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 68,012 shares of the company's stock, valued at approximately $4,864,000. Legal & General Group Plc owned approximately 0.19% of Acadian Asset Management as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in AAMI. BlackRock Inc. bought a new stake in shares of Acadian Asset Management during the second quarter valued at about $320,877,000. Jacobs Levy Equity Management Inc. bought a new position in Acadian Asset Management in the 3rd quarter valued at $20,059,000. Boston Trust Walden Corp purchased a new position in shares of Acadian Asset Management during the 1st quarter valued at $15,325,000. Soros Fund Management LLC grew its position in shares of Acadian Asset Management by 61.3% during the 4th quarter. Soros Fund Management LLC now owns 737,367 shares of the company's stock valued at $34,656,000 after purchasing an additional 280,239 shares in the last quarter. Finally, Amundi purchased a new position in shares of Acadian Asset Management during the 3rd quarter valued at $11,361,000. Institutional investors own 98.69% of the company's stock.

Acadian Asset Management Stock Performance

Shares of NYSE:AAMI opened at $92.16 on Friday. The firm has a market capitalization of $3.27 billion, a PE ratio of 32.57 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. The firm has a fifty day moving average of $85.59 and a 200 day moving average of $71.40.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The company reported $1.33 EPS for the quarter, beating 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 firm had revenue of $183.20 million for the quarter. On average, sell-side analysts forecast that Acadian Asset Management Inc. will post 5.07 EPS for the current fiscal year.

Acadian Asset Management Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 0.4%. Acadian Asset Management's dividend payout ratio (DPR) is currently 14.13%.

Analyst Ratings Changes

A number of brokerages recently issued reports on AAMI. Evercore set a $84.00 price objective on Acadian Asset Management in a research report on Friday, July 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. Zacks Research cut Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 25th. Wall Street Zen upgraded Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a research report on Sunday, May 10th. Finally, 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. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Acadian Asset Management has a consensus rating of "Hold" and a consensus price target 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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