Allspring Global Investments Holdings LLC Acquires New Holdings in Acadian Asset Management Inc. $AAMI

Allspring Global Investments Holdings LLC acquired a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 210,415 shares of the company’s stock, valued at approximately $7,512,000.

A number of other institutional investors also recently added to or reduced their stakes in AAMI. Exchange Traded Concepts LLC bought a new stake in Acadian Asset Management during the second quarter valued at about $1,882,000. SummerHaven Investment Management LLC bought a new stake in Acadian Asset Management during the second quarter valued at about $1,248,000. KLP Kapitalforvaltning AS bought a new stake in Acadian Asset Management during the second quarter valued at about $635,000. State of Alaska Department of Revenue bought a new stake in Acadian Asset Management during the second quarter valued at about $562,000. Finally, Kendall Capital Management bought a new stake in Acadian Asset Management during the second quarter valued at about $357,000. Institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Stock Up 1.3%

Shares of NYSE:AAMI opened at $46.31 on Monday. Acadian Asset Management Inc. has a 52-week low of $22.60 and a 52-week high of $51.65. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of 19.30 and a beta of 1.39. The business has a 50-day moving average price of $47.58 and a 200-day moving average price of $37.74.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.12. Acadian Asset Management had a return on equity of 174.31% and a net margin of 16.65%.The firm had revenue of $124.90 million during the quarter, compared to analysts’ expectations of $118.07 million. As a group, equities analysts anticipate that Acadian Asset Management Inc. will post 2.78 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AAMI. Royal Bank Of Canada raised their price objective on Acadian Asset Management from $34.00 to $42.00 and gave the company a “sector perform” rating in a research report on Friday, August 1st. Wall Street Zen cut Acadian Asset Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Acadian Asset Management in a research note on Wednesday, October 8th. Evercore ISI reiterated a “positive” rating on shares of Acadian Asset Management in a research note on Friday, September 5th. Finally, Zacks Research cut Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $44.33.

Acadian Asset Management Company Profile

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.