Thornburg Investment Management Inc. Boosts Holdings in Acadian Asset Management Inc. $AAMI

Key Points

• Thornburg Investment Management more than doubled its Acadian Asset Management stake in the second quarter, purchasing 27,971 additional shares to own 55,757 shares valued at approximately $3.99 million. Institutional investors collectively hold 98.69% of AAMI’s stock.
• Acadian reported quarterly earnings of $1.33 per share, beating the $1.03 analyst consensus, on revenue of $183.2 million. Analysts expect full-year earnings of $5.07 per share.
• The company declared a quarterly dividend of $0.10 per share, equivalent to an annualized $0.40 payout and a 0.4% yield. Despite the stock trading near its 52-week high, analysts maintain a consensus “Hold” rating with an average price target of $81.67.

Thornburg Investment Management Inc. raised its stake in shares of Acadian Asset Management Inc. (NYSE:AAMI - Free Report) by 100.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 55,757 shares of the company's stock after buying an additional 27,971 shares during the period. Thornburg Investment Management Inc. owned about 0.16% of Acadian Asset Management worth $3,988,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AAMI. EverSource Wealth Advisors LLC purchased a new stake in shares of Acadian Asset Management in the second quarter worth about $31,000. Public Employees Retirement System of Ohio purchased a new position in Acadian Asset Management during the second quarter valued at approximately $38,000. Transamerica Financial Advisors LLC lifted its holdings in Acadian Asset Management by 380.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company's stock valued at $38,000 after acquiring an additional 635 shares during the period. Allworth Financial LP acquired a new position in Acadian Asset Management in the second quarter valued at approximately $49,000. Finally, Raymond James Financial Inc. purchased a new stake in Acadian Asset Management in the 2nd quarter worth approximately $61,000. Institutional investors and hedge funds own 98.69% of the company's stock.

Acadian Asset Management Price Performance

Acadian Asset Management stock opened at $95.75 on Friday. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 33.83 and a beta of 1.30. Acadian Asset Management Inc. has a 1-year low of $41.47 and a 1-year high of $98.52. The firm has a 50 day simple moving average of $83.99 and a 200-day simple moving average of $70.15.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.30. The company had revenue of $183.20 million for the quarter. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%. Equities analysts expect that Acadian Asset Management Inc. will post 5.07 earnings per share 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. Shareholders of record on Friday, September 11th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, September 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.4%. Acadian Asset Management's dividend payout ratio (DPR) is currently 14.13%.

Wall Street Analyst Weigh In

AAMI has been the topic of a number of analyst reports. Zacks Research cut shares of Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 25th. Evercore set a $84.00 price objective on shares of Acadian Asset Management in a research report on Friday, July 10th. Morgan Stanley set a $81.00 price objective on shares of Acadian Asset Management in a report on Wednesday, July 29th. 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 boosted their target price on shares of Acadian Asset Management from $72.00 to $80.00 and gave the stock a "sector perform" rating in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price 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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