Impax Asset Management Group plc Acquires New Position in Acadian Asset Management Inc. $AAMI

Impax Asset Management Group plc acquired a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI) in the second quarter, HoldingsChannel.com reports. The firm acquired 1,000,000 shares of the company’s stock, valued at approximately $35,240,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AAMI. AlphaQuest LLC bought a new position in Acadian Asset Management in the 2nd quarter valued at approximately $431,000. Maryland State Retirement & Pension System bought a new stake in Acadian Asset Management in the 2nd quarter worth about $278,000. Amalgamated Bank purchased a new position in Acadian Asset Management in the 2nd quarter worth about $270,000. William Blair Investment Management LLC purchased a new stake in shares of Acadian Asset Management during the 2nd quarter valued at about $25,094,000. Finally, SummerHaven Investment Management LLC bought a new stake in shares of Acadian Asset Management in the second quarter worth approximately $1,248,000. Institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Stock Performance

Shares of Acadian Asset Management stock opened at $44.54 on Thursday. Acadian Asset Management Inc. has a fifty-two week low of $22.60 and a fifty-two week high of $54.99. The company has a market capitalization of $1.59 billion, a P/E ratio of 18.79 and a beta of 1.42. The company has a fifty day moving average of $46.78 and a 200 day moving average of $40.38.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.03. Acadian Asset Management had a return on equity of 166.57% and a net margin of 15.70%. Analysts forecast that Acadian Asset Management Inc. will post 2.78 EPS for the current year.

Acadian Asset Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Friday, December 12th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Friday, December 12th. Acadian Asset Management’s payout ratio is currently 1.69%.

Analyst Ratings Changes

AAMI has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Acadian Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Morgan Stanley reissued a “positive” rating on shares of Acadian Asset Management in a research report on Monday, October 6th. Weiss Ratings raised shares of Acadian Asset Management from a “hold (c+)” rating to a “buy (b)” rating in a research report on Monday. Zacks Research lowered shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, Royal Bank Of Canada increased their price target on shares of Acadian Asset Management from $34.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $45.67.

Acadian Asset Management 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.