Acadian Asset Management Inc. $AAMI Shares Bought by Jennison Associates LLC

Jennison Associates LLC grew its holdings in shares of Acadian Asset Management Inc. (NYSE:AAMI) by 5.9% during the first quarter, Holdings Channel reports. The firm owned 2,022,207 shares of the company’s stock after purchasing an additional 112,985 shares during the quarter. Jennison Associates LLC owned about 0.06% of Acadian Asset Management worth $110,049,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC purchased a new position in shares of Acadian Asset Management in the second quarter valued at approximately $31,000. Transamerica Financial Advisors LLC grew its holdings in shares of Acadian Asset Management by 380.2% in the fourth quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after purchasing an additional 635 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Acadian Asset Management during the 2nd quarter worth approximately $61,000. WealthCollab LLC purchased a new stake in Acadian Asset Management during the 2nd quarter worth approximately $65,000. Finally, Russell Investments Group Ltd. acquired a new stake in Acadian Asset Management during the 2nd quarter worth approximately $97,000. 98.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AAMI has been the subject of several recent research reports. Zacks Research raised shares of Acadian Asset Management from a “strong sell” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings lowered Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Royal Bank Of Canada increased their price objective on Acadian Asset Management from $66.00 to $72.00 and gave the company a “sector perform” rating in a research note on Thursday, July 2nd. Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. Finally, Morgan Stanley lifted their target price on Acadian Asset Management from $60.00 to $78.00 and gave the company an “equal weight” rating in a report on Friday, June 26th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $78.00.

Insider Activity at Acadian Asset Management

In other news, CAO Richard Jonathan Hart sold 100,000 shares of the business’s stock in a transaction dated 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 directly owned 73,863 shares of the company’s stock, valued at approximately $4,946,605.11. The trade was a 57.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 22.60% of the company’s stock.

Acadian Asset Management Stock Up 0.1%

Shares of Acadian Asset Management stock opened at $82.87 on Monday. Acadian Asset Management Inc. has a 52 week low of $38.69 and a 52 week high of $85.73. The firm’s 50 day moving average is $74.97 and its two-hundred day moving average is $62.48. The firm has a market capitalization of $2.95 billion, a P/E ratio of 35.26 and a beta of 1.32.

Acadian Asset Management (NYSE:AAMI) last issued its earnings results on Thursday, April 30th. The company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.11. The business had revenue of $165.00 million during the quarter. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. As a group, research analysts expect that Acadian Asset Management Inc. will post 5.11 earnings per share for the current fiscal year.

Acadian Asset Management Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 12th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, June 12th. This represents a $0.40 annualized dividend and a dividend yield of 0.5%. Acadian Asset Management’s dividend payout ratio (DPR) is presently 17.02%.

Acadian Asset Management Company 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.