Squarepoint Ops LLC Makes New $2.09 Million Investment in Acadian Asset Management Inc. $AAMI

Key Points

• Squarepoint Ops LLC purchased 29,242 shares of Acadian Asset Management valued at approximately $2.09 million, representing a 0.08% stake. Institutional investors collectively own 98.69% of the company.
• Analysts maintain a generally cautious outlook, with one Buy rating and four Holds; the consensus rating is Hold with an $81.67 price target, below the stock’s reported $88.84 price.
• Acadian exceeded quarterly earnings expectations, reporting $1.33 EPS versus the $1.03 consensus estimate, and declared a quarterly dividend of $0.10, equivalent to a 0.5% annual yield.

Squarepoint Ops LLC bought a new position in shares of Acadian Asset Management Inc. (NYSE:AAMI - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 29,242 shares of the company's stock, valued at approximately $2,091,000. Squarepoint Ops LLC owned 0.08% of Acadian Asset Management as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the company. Allworth Financial LP grew its position in shares of Acadian Asset Management by 57.9% in the second quarter. Allworth Financial LP now owns 682 shares of the company's stock valued at $49,000 after purchasing an additional 250 shares during the last quarter. Nykredit A S acquired a new stake in Acadian Asset Management during the 2nd quarter worth approximately $117,000. Corient Private Wealth LP bought a new stake in Acadian Asset Management in the 2nd quarter valued at $331,000. Amundi bought a new stake in Acadian Asset Management in the 2nd quarter valued at $22,694,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Acadian Asset Management in the 2nd quarter valued at $1,266,000. Institutional investors own 98.69% of the company's stock.

Analyst Ratings Changes

AAMI has been the topic of several recent research reports. Royal Bank Of Canada increased their price objective on Acadian Asset Management from $72.00 to $80.00 and gave the stock a "sector perform" rating in a research report on Friday, July 31st. Morgan Stanley set a $81.00 target price on shares of Acadian Asset Management in a research report on Wednesday, July 29th. Zacks Research downgraded shares of Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 25th. Weiss Ratings raised shares of Acadian Asset Management from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, August 21st. Finally, Evercore set a $84.00 price objective on shares of Acadian Asset Management in a research note on Friday, July 10th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $81.67.

Acadian Asset Management Price Performance

Shares of NYSE:AAMI opened at $88.84 on Tuesday. The business's 50 day simple moving average is $88.22 and its 200 day simple moving average is $73.33. Acadian Asset Management Inc. has a 1 year low of $41.47 and a 1 year high of $98.52. The company has a market capitalization of $3.15 billion, a P/E ratio of 31.39 and a beta of 1.30.

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

Acadian Asset Management Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a $0.10 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.5%. Acadian Asset Management's dividend payout ratio (DPR) is presently 14.13%.

Acadian Asset Management Profile

Acadian Asset Management Inc is an investment management company that provides systematic, research-driven strategies to institutional and other professional investors. Through its investment management operations, the company uses quantitative models, fundamental research, and technology to analyze global markets and construct portfolios.

Acadian's offerings include active strategies focused on global, international, emerging-market, and regional equities, as well as alternative and multi-asset solutions.

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