11,307 Shares in Acadian Asset Management Inc. $AAMI Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. bought a new position in shares of Acadian Asset Management Inc. (NYSE:AAMI) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,307 shares of the company’s stock, valued at approximately $398,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAMI. Signaturefd LLC bought a new position in Acadian Asset Management during the second quarter worth about $25,000. GAMMA Investing LLC bought a new position in Acadian Asset Management during the second quarter worth about $37,000. Public Employees Retirement System of Ohio bought a new position in Acadian Asset Management during the second quarter worth about $44,000. CWM LLC bought a new position in Acadian Asset Management during the second quarter worth about $55,000. Finally, Blue Trust Inc. bought a new position in Acadian Asset Management during the second quarter worth about $57,000. Institutional investors own 98.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Evercore ISI restated a “positive” rating on shares of Acadian Asset Management in a report on Friday, September 5th. Wall Street Zen cut Acadian Asset Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Acadian Asset Management in a report on Wednesday, October 8th. Morgan Stanley reiterated a “positive” rating on shares of Acadian Asset Management in a report on Monday, October 6th. Finally, Royal Bank Of Canada lifted their price objective on Acadian Asset Management from $34.00 to $42.00 and gave the company a “sector perform” rating in a report on Friday, August 1st. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $44.33.

Acadian Asset Management Price Performance

NYSE:AAMI opened at $47.18 on Thursday. Acadian Asset Management Inc. has a fifty-two week low of $22.60 and a fifty-two week high of $51.65. The stock has a market capitalization of $1.69 billion, a PE ratio of 19.66 and a beta of 1.39. The business’s 50-day simple moving average is $47.60 and its 200-day simple moving average is $38.04.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.12. The business had revenue of $124.90 million for the quarter, compared to analysts’ expectations of $118.07 million. Acadian Asset Management had a return on equity of 174.31% and a net margin of 16.65%. On average, research analysts expect that Acadian Asset Management Inc. will post 2.78 earnings per share for the current year.

Acadian Asset Management Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were paid a $0.01 dividend. The ex-dividend date was Friday, September 12th. This represents a $0.04 annualized dividend and a yield of 0.1%. Acadian Asset Management’s payout ratio is presently 1.67%.

About Acadian Asset Management

Acadian Asset Management Inc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.