Acadian Asset Management (NYSE:AAMI) Releases Quarterly Earnings Results, Beats Expectations By $0.14 EPS

Acadian Asset Management (NYSE:AAMI – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $1.36 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.14, FiscalAI reports. The firm had revenue of $189.10 million during the quarter. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%.

Here are the key takeaways from Acadian Asset Management’s conference call:

  • Positive Sentiment: Acadian reported record results, with AUM up 44% year over year to $239.6 billion, management fees up 38% to $188 million, ENI EPS up 79% to $1.36, and operating margin expanding to 42.6%.
  • Positive Sentiment: Client demand remained strong, with $2.6 billion of net inflows in the quarter and $28.3 billion year to date, marking 11 consecutive quarters of positive flows. Enhanced Equity and rapidly growing Extension strategies led demand, while management cited a robust pipeline and awarded mandates awaiting funding.
  • Positive Sentiment: Investment performance continued to support growth: 95% of revenue-weighted strategies outperformed over the trailing year, while 96% outperformed across three-, five-, and 10-year periods. Strong alpha was reported particularly in Emerging Markets, Small-Cap Equity, and Extension strategies.
  • Positive Sentiment: Management highlighted additional growth avenues, including initial funding for Tax-Aware, expected external funding for Systematic Credit, and new wealth-channel partnerships with UBS and St. James’s Place. The company expects to leverage existing capabilities and infrastructure without substantial incremental resources.
  • Neutral Sentiment: The company made no share repurchases during the quarter, maintaining its priorities of organic investment, balance-sheet flexibility, and opportunistic buybacks. Acadian declared a $0.10 per-share interim dividend and ended the quarter with conservative leverage of 0.7 times gross debt to Adjusted EBITDA.

Acadian Asset Management Stock Performance

NYSE:AAMI traded down $1.09 during mid-day trading on Thursday, hitting $90.18. 375,575 shares of the company’s stock traded hands, compared to its average volume of 384,520. The company has a fifty day moving average of $92.66 and a 200 day moving average of $73.31. Acadian Asset Management has a twelve month low of $41.47 and a twelve month high of $98.52. The company has a market capitalization of $3.20 billion, a P/E ratio of 31.91 and a beta of 1.31.

Hedge Funds Weigh In On Acadian Asset Management

Several hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC boosted its holdings in Acadian Asset Management by 3.4% in the third quarter. ProShare Advisors LLC now owns 4,156 shares of the company’s stock valued at $381,000 after purchasing an additional 137 shares during the last quarter. Vise Technologies Inc. purchased a new stake in shares of Acadian Asset Management in the third quarter worth about $333,000. Summit Global Investments grew its holdings in Acadian Asset Management by 1.2% during the third quarter. Summit Global Investments now owns 17,115 shares of the company’s stock worth $1,570,000 after acquiring an additional 207 shares during the period. Signaturefd LLC raised its position in Acadian Asset Management by 91.6% during the third quarter. Signaturefd LLC now owns 2,316 shares of the company’s stock valued at $212,000 after acquiring an additional 1,107 shares in the last quarter. Finally, Kendall Capital Management raised its position in Acadian Asset Management by 1.1% during the third quarter. Kendall Capital Management now owns 34,350 shares of the company’s stock valued at $3,150,000 after acquiring an additional 365 shares in the last quarter. Institutional investors and hedge funds own 98.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on AAMI. Zacks Research lowered Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Royal Bank Of Canada lifted their price objective on Acadian Asset Management from $80.00 to $85.00 and gave the company a “sector perform” rating in a report on Friday, October 9th. Evercore set a $102.00 target price on shares of Acadian Asset Management in a research report on Friday, October 9th. Weiss Ratings upgraded shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Finally, Wall Street Zen downgraded shares of Acadian Asset Management from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 12th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $94.67.

Check Out Our Latest Report on Acadian Asset Management

Acadian Asset Management Company Profile

(Get Free Report)

Acadian Asset Management Inc (NYSE:AAMI) is a global investment management firm specializing in systematic, research-driven investment strategies. The company uses quantitative analysis, data science and technology to evaluate investment opportunities and manage portfolios across global markets.

Its offerings include strategies in global and international equities, emerging markets, fixed income, multi-asset investing and alternative investments. Acadian also provides customized portfolio solutions and related investment management services for institutional clients, including pension plans, endowments, foundations, insurers, sovereign investors and wealth management organizations.

Founded in 1986, Acadian is headquartered in Boston and serves clients internationally through offices and operations in major financial centers, including London, Singapore and Sydney.

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Earnings History for Acadian Asset Management (NYSE:AAMI)

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