PDT Partners LLC Buys New Shares in Acadian Asset Management Inc. $AAMI

Key Points

• PDT Partners LLC acquired 36,197 shares of Acadian Asset Management in the second quarter, worth approximately $2.59 million; 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 stock opened at $95.87, near its 52-week high of $96.00.
• The company declared a quarterly dividend of $0.10 per share, equivalent to a $0.40 annual payout and a 0.4% yield. Analysts maintain a “Moderate Buy” consensus, though their average price target of $81.67 is below the current share price.

PDT Partners LLC bought a new position in shares of Acadian Asset Management Inc. (NYSE:AAMI - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 36,197 shares of the company's stock, valued at approximately $2,589,000. PDT Partners LLC owned approximately 0.10% of Acadian Asset Management at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Allworth Financial LP purchased a new stake in shares of Acadian Asset Management during the second quarter worth approximately $49,000. Transamerica Financial Advisors LLC raised its holdings in shares of Acadian Asset Management by 380.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company's stock valued at $38,000 after purchasing an additional 635 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new stake in shares of Acadian Asset Management during the 2nd quarter worth $31,000. Quantbot Technologies LP purchased a new stake in shares of Acadian Asset Management during the 2nd quarter worth $67,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Acadian Asset Management during the second quarter worth $61,000. Hedge funds and other institutional investors own 98.69% of the company's stock.

Acadian Asset Management Stock Up 2.6%

Acadian Asset Management stock opened at $95.87 on Thursday. Acadian Asset Management Inc. has a 52 week low of $41.47 and a 52 week high of $96.00. The firm's 50-day simple moving average is $83.14 and its 200 day simple moving average is $69.64. The firm has a market capitalization of $3.40 billion, a PE ratio of 33.88 and a beta of 1.30.

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

Acadian Asset Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 11th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Friday, September 11th. Acadian Asset Management's dividend payout ratio (DPR) is 14.13%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on AAMI shares. Morgan Stanley set a $81.00 price objective on Acadian Asset Management in a research report on Wednesday, July 29th. Zacks Research upgraded shares of Acadian Asset Management from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. Wall Street Zen upgraded Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a research note on Sunday, May 10th. 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, 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 report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" 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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