Capstone Investment Advisors LLC Takes Position in Acadian Asset Management Inc. $AAMI

Capstone Investment Advisors LLC purchased a new position in Acadian Asset Management Inc. (NYSE:AAMIFree Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,165 shares of the company’s stock, valued at approximately $799,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AAMI. Allworth Financial LP bought a new position in Acadian Asset Management in the 2nd quarter valued at $49,000. Transamerica Financial Advisors LLC lifted its position in shares of Acadian Asset Management by 380.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock worth $38,000 after purchasing an additional 635 shares during the last quarter. EverSource Wealth Advisors LLC purchased a new stake in shares of Acadian Asset Management during the second quarter valued at $31,000. Quantbot Technologies LP purchased a new stake in shares of Acadian Asset Management during the second quarter valued at $67,000. Finally, Raymond James Financial Inc. bought a new position in shares of Acadian Asset Management in the second quarter worth about $61,000. 98.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on AAMI. Zacks Research downgraded shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Evercore set a $84.00 target price on shares of Acadian Asset Management in a research note on Friday, July 10th. Morgan Stanley set a $81.00 target price on shares of Acadian Asset Management in a research report on Wednesday, July 29th. Royal Bank Of Canada lifted their price target on shares of Acadian Asset Management from $72.00 to $80.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. Finally, Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $81.67.

Read Our Latest Stock Analysis on Acadian Asset Management

Acadian Asset Management Stock Down 1.6%

Acadian Asset Management stock opened at $95.75 on Friday. The firm has a market cap of $3.40 billion, a P/E ratio of 33.83 and a beta of 1.30. The business has a fifty day moving average of $83.99 and a two-hundred day moving average of $70.15. Acadian Asset Management Inc. has a twelve month low of $41.47 and a twelve month high of $98.52.

Acadian Asset Management (NYSE:AAMIGet Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Equities analysts expect that Acadian Asset Management Inc. will post 5.07 earnings per share for the current year.

Acadian Asset Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, September 11th. Acadian Asset Management’s payout ratio is 14.13%.

Acadian Asset Management Profile

(Free Report)

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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Institutional Ownership by Quarter for Acadian Asset Management (NYSE:AAMI)

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