Walleye Capital LLC Makes New Investment in Acadian Asset Management Inc. $AAMI

Key Points

• Walleye Capital acquired 82,585 shares of Acadian Asset Management worth approximately $5.9 million, while institutional investors collectively own 98.69% of the company.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $81.67, although AAMI recently traded near its 52-week high at $92.67.
• Acadian reported quarterly earnings of $1.33 per share, beating estimates of $1.03, and declared a quarterly dividend of $0.10 per share, representing a 0.4% annualized yield.

Walleye Capital LLC acquired a new position in shares of Acadian Asset Management Inc. (NYSE:AAMI - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 82,585 shares of the company's stock, valued at approximately $5,906,000. Walleye Capital LLC owned 0.23% of Acadian Asset Management as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in AAMI. EverSource Wealth Advisors LLC acquired a new position in shares of Acadian Asset Management during the 2nd quarter valued at $31,000. Transamerica Financial Advisors LLC increased its holdings in 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. Raymond James Financial Inc. purchased a new position in Acadian Asset Management in the second quarter valued at about $61,000. WealthCollab LLC purchased a new position in Acadian Asset Management in the second quarter valued at about $65,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Acadian Asset Management during the second quarter worth about $97,000. Institutional investors and hedge funds own 98.69% of the company's stock.

Analyst Ratings Changes

AAMI has been the subject of several analyst reports. Royal Bank Of Canada upped their target price 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 Acadian Asset Management in a report on Wednesday, July 29th. Zacks Research raised Acadian Asset Management from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Wall Street Zen upgraded Acadian Asset Management from a "buy" rating to a "strong-buy" rating in a report on Sunday, May 10th. Finally, Evercore set a $84.00 price objective on shares of Acadian Asset Management in a research report on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $81.67.

Acadian Asset Management Price Performance

Shares of Acadian Asset Management stock opened at $92.67 on Friday. Acadian Asset Management Inc. has a 1-year low of $41.47 and a 1-year 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 business has a 50-day moving average of $81.00 and a 200-day moving average of $67.38.

Acadian Asset Management (NYSE:AAMI - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.03 by $0.30. The business 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%. On average, 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, September 11th. This represents a $0.40 annualized dividend and a yield of 0.4%. Acadian Asset Management's payout ratio is currently 14.13%.

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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