Summit Global Investments Makes New $1.21 Million Investment in Acadian Asset Management Inc. $AAMI

Key Points

• Summit Global Investments acquired 16,908 shares of Acadian Asset Management, valued at approximately $1.21 million, during the second quarter. Institutional investors and hedge funds now own 98.69% of the company.
• Acadian reported quarterly earnings of $1.33 per share, exceeding analysts’ $1.03 estimate, on revenue of $183.2 million. Shares opened at $92.67, near their 52-week high of $93.82.
• The company declared a quarterly dividend of $0.10 per share, representing a $0.40 annualized payout and a 0.4% yield. Analysts maintain a “Moderate Buy” consensus, with an average price target of $81.67.

Summit Global Investments purchased a new stake in Acadian Asset Management Inc. (NYSE:AAMI - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 16,908 shares of the company's stock, valued at approximately $1,209,000.

Other large investors have also modified their holdings of the company. JPMorgan Chase & Co. purchased a new position in shares of Acadian Asset Management during the 2nd quarter worth approximately $6,964,000. American Century Companies Inc. acquired a new stake in Acadian Asset Management during the 2nd quarter valued at $1,773,000. Russell Investments Group Ltd. acquired a new stake in Acadian Asset Management during the 2nd quarter valued at $97,000. New York State Common Retirement Fund acquired a new stake in Acadian Asset Management during the 2nd quarter valued at $299,000. Finally, Quantbot Technologies LP purchased a new position in Acadian Asset Management during the second quarter worth $436,000. 98.69% of the stock is currently owned by institutional investors and hedge funds.

Acadian Asset Management Stock Performance

Shares of AAMI opened at $92.67 on Friday. Acadian Asset Management Inc. has a fifty-two week low of $41.47 and a fifty-two week high of $93.82. The company has a market capitalization of $3.29 billion, a PE ratio of 32.74 and a beta of 1.30. The stock has a fifty day moving average of $81.00 and a two-hundred day moving average of $67.38.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $183.20 million for the quarter. As a group, equities research analysts forecast that Acadian Asset Management Inc. will post 5.07 earnings per share for the current fiscal year.

Acadian Asset Management Dividend Announcement

The business 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. 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 payout ratio is currently 14.13%.

Wall Street Analysts Forecast Growth

AAMI has been the subject of a number of analyst reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Acadian Asset Management in a report on Friday, August 7th. Morgan Stanley set a $81.00 price objective on Acadian Asset Management in a research note on Wednesday, July 29th. Wall Street Zen upgraded Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a research report on Sunday, May 10th. Royal Bank Of Canada boosted their target price on shares of 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. Finally, Zacks Research upgraded shares of Acadian Asset Management from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $81.67.

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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