Brightlight Capital Management LP trimmed its holdings in shares of Acadian Asset Management Inc. (NYSE:AAMI – Free Report) by 28.1% during the fourth quarter, HoldingsChannel reports. The firm owned 107,900 shares of the company’s stock after selling 42,200 shares during the quarter. Acadian Asset Management accounts for about 3.6% of Brightlight Capital Management LP’s investment portfolio, making the stock its 7th biggest holding. Brightlight Capital Management LP’s holdings in Acadian Asset Management were worth $5,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC raised its stake in Acadian Asset Management by 10.4% in the 4th quarter. Jennison Associates LLC now owns 1,909,222 shares of the company’s stock valued at $89,733,000 after acquiring an additional 179,380 shares during the period. State Street Corp raised its stake in Acadian Asset Management by 0.5% in the 4th quarter. State Street Corp now owns 1,206,244 shares of the company’s stock valued at $56,693,000 after acquiring an additional 5,541 shares during the period. Impax Asset Management Group plc raised its stake in Acadian Asset Management by 10.4% in the 4th quarter. Impax Asset Management Group plc now owns 845,451 shares of the company’s stock valued at $39,736,000 after acquiring an additional 79,967 shares during the period. Soros Fund Management LLC raised its stake in Acadian Asset Management by 61.3% in the 4th quarter. Soros Fund Management LLC now owns 737,367 shares of the company’s stock valued at $34,656,000 after acquiring an additional 280,239 shares during the period. Finally, Geode Capital Management LLC raised its stake in Acadian Asset Management by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 685,272 shares of the company’s stock valued at $32,212,000 after acquiring an additional 29,082 shares during the period. 98.69% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages recently issued reports on AAMI. Evercore set a $80.00 price objective on Acadian Asset Management in a research note on Monday, June 8th. Wall Street Zen raised Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Zacks Research lowered Acadian Asset Management from a “hold” rating to a “strong sell” rating in a report on Friday, June 5th. Morgan Stanley boosted their price objective on Acadian Asset Management from $54.00 to $60.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 28th. Finally, Weiss Ratings lowered Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $68.67.
Acadian Asset Management Trading Up 0.5%
Shares of NYSE AAMI opened at $82.77 on Thursday. Acadian Asset Management Inc. has a 12 month low of $31.24 and a 12 month high of $85.73. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 35.22 and a beta of 1.32. The business has a 50-day moving average of $70.31 and a 200-day moving average of $57.98.
Acadian Asset Management (NYSE:AAMI – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.94 by $0.11. Acadian Asset Management had a return on equity of 185.73% and a net margin of 13.78%.The company had revenue of $165.00 million during the quarter. On average, analysts predict that Acadian Asset Management Inc. will post 4.84 earnings per share for the current year.
Acadian Asset Management Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.40 annualized dividend and a yield of 0.5%. Acadian Asset Management’s dividend payout ratio is currently 17.02%.
Insider Transactions at Acadian Asset Management
In other Acadian Asset Management news, CAO Richard Jonathan Hart sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $66.97, for a total value of $6,697,000.00. Following the completion of the sale, the chief accounting officer owned 73,863 shares of the company’s stock, valued at $4,946,605.11. This represents a 57.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 22.60% of the stock is currently owned by corporate insiders.
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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