Renaissance Technologies LLC Sells 37,784 Shares of Acadian Asset Management Inc. $AAMI

Renaissance Technologies LLC lessened its position in Acadian Asset Management Inc. (NYSE:AAMI) by 38.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,544 shares of the company’s stock after selling 37,784 shares during the period. Renaissance Technologies LLC’s holdings in Acadian Asset Management were worth $3,295,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AAMI. Jennison Associates LLC boosted its stake in shares of Acadian Asset Management by 5.9% during the first quarter. Jennison Associates LLC now owns 2,022,207 shares of the company’s stock valued at $110,049,000 after purchasing an additional 112,985 shares in the last quarter. State Street Corp increased its stake in shares of Acadian Asset Management by 0.5% in the fourth quarter. State Street Corp now owns 1,206,244 shares of the company’s stock valued at $56,693,000 after buying an additional 5,541 shares during the period. Impax Asset Management Group plc increased its stake in shares of Acadian Asset Management by 10.4% in the fourth quarter. Impax Asset Management Group plc now owns 845,451 shares of the company’s stock valued at $39,736,000 after buying an additional 79,967 shares during the period. Soros Fund Management LLC raised its holdings 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 buying an additional 280,239 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings 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 buying an additional 29,082 shares during the last quarter. 98.69% of the stock is currently owned by institutional investors.

Acadian Asset Management Stock Performance

NYSE:AAMI opened at $89.85 on Friday. Acadian Asset Management Inc. has a fifty-two week low of $41.47 and a fifty-two week high of $93.61. The company has a 50 day simple moving average of $79.14 and a two-hundred day simple moving average of $66.07. The company has a market capitalization of $3.20 billion, a PE ratio of 31.75 and a beta of 1.30.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.30. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. The firm had revenue of $183.20 million for the quarter. Research analysts predict that Acadian Asset Management Inc. will post 5.07 EPS for the current year.

Acadian Asset Management Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, September 11th. Acadian Asset Management’s dividend payout ratio (DPR) is currently 14.13%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on AAMI shares. Weiss Ratings downgraded shares of Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 11th. Zacks Research raised shares of Acadian Asset Management from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Morgan Stanley set a $81.00 price target on shares of Acadian Asset Management in a report on Wednesday, July 29th. Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Finally, Evercore set a $84.00 price objective on Acadian Asset Management in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Acadian Asset Management presently has an average rating of “Moderate Buy” and a consensus target price of $81.67.

About Acadian Asset Management

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.