UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 36,083 Shares of Acadian Asset Management Inc. $AAMI

Key Points

• UBS Asset Management increased its Acadian Asset Management position by 53.5% in the second quarter, purchasing 36,083 shares and bringing its total holdings to 103,504 shares valued at approximately $7.4 million. Institutional investors collectively own 98.69% of AAMI.
• Acadian reported quarterly EPS of $1.33, surpassing analyst expectations of $1.03, on revenue of $183.2 million. Analysts project full-year EPS of $5.07.
• The company declared a quarterly dividend of $0.10 per share, equal 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 $81.67 price target.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Acadian Asset Management Inc. (NYSE:AAMI - Free Report) by 53.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,504 shares of the company's stock after buying an additional 36,083 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.29% of Acadian Asset Management worth $7,403,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new position in Acadian Asset Management in the second quarter valued at about $38,000. Allworth Financial LP bought a new stake in shares of Acadian Asset Management during the 2nd quarter valued at about $49,000. Transamerica Financial Advisors LLC grew its stake in shares of Acadian Asset Management by 380.2% during 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 during the period. EverSource Wealth Advisors LLC purchased a new stake in shares of Acadian Asset Management during the 2nd quarter valued at about $31,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Acadian Asset Management during the 2nd quarter valued at about $67,000. Institutional investors own 98.69% of the company's stock.

Acadian Asset Management Stock Performance

Shares of NYSE:AAMI opened at $93.54 on Tuesday. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 33.05 and a beta of 1.30. The firm has a fifty day moving average price of $86.46 and a 200 day moving average price of $71.98. Acadian Asset Management Inc. has a fifty-two week low of $41.47 and a fifty-two week high of $98.52.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.33 earnings per share (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 net margin of 15.17% and a return on equity of 189.32%. As a group, research analysts predict that Acadian Asset Management Inc. will post 5.07 earnings per share for the current year.

Acadian Asset Management Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders 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 presently 14.13%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of Acadian Asset Management from $72.00 to $80.00 and gave the stock a "sector perform" rating in a report on Friday, July 31st. Evercore set a $84.00 target price on shares of Acadian Asset Management in a report on Friday, July 10th. Zacks Research downgraded shares of Acadian Asset Management from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 25th. Morgan Stanley set a $81.00 price target on shares of Acadian Asset Management in a research note on Wednesday, July 29th. Finally, 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. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Acadian Asset Management currently has an average rating of "Hold" and a consensus price target of $81.67.

Acadian Asset Management Company 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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