William Blair Investment Management LLC Purchases Shares of 207,796 Acadian Asset Management Inc. $AAMI

William Blair Investment Management LLC purchased a new position in Acadian Asset Management Inc. (NYSE:AAMI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 207,796 shares of the company’s stock, valued at approximately $14,862,000. William Blair Investment Management LLC owned 0.59% of Acadian Asset Management at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Strs Ohio bought a new stake in Acadian Asset Management during the fourth quarter valued at about $738,000. Boston Trust Walden Corp bought a new position in shares of Acadian Asset Management in the first quarter worth about $15,325,000. Principal Financial Group Inc. boosted its stake in shares of Acadian Asset Management by 13.9% in the first quarter. Principal Financial Group Inc. now owns 204,527 shares of the company’s stock worth $11,130,000 after acquiring an additional 24,885 shares during the period. Impax Asset Management Group plc grew its position in shares of Acadian Asset Management by 10.4% during the fourth quarter. Impax Asset Management Group plc now owns 845,451 shares of the company’s stock worth $39,736,000 after purchasing an additional 79,967 shares in the last quarter. Finally, Walleye Capital LLC purchased a new stake in shares of Acadian Asset Management during the second quarter worth about $5,906,000. 98.69% of the stock is owned by hedge funds and other institutional investors.

Acadian Asset Management Stock Performance

AAMI stock opened at $92.14 on Friday. The firm has a fifty day moving average price of $82.43 and a 200 day moving average price of $68.65. Acadian Asset Management Inc. has a fifty-two week low of $41.47 and a fifty-two week high of $93.82. The firm has a market cap of $3.27 billion, a PE ratio of 32.56 and a beta of 1.30.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings results on Thursday, July 30th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $183.20 million for the quarter. On average, equities analysts predict that Acadian Asset Management Inc. will post 5.07 EPS for the current year.

Acadian Asset Management Dividend Announcement

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

Analyst Ratings Changes

A number of research firms recently commented on AAMI. Morgan Stanley set a $81.00 price target on Acadian Asset Management in a report on Wednesday, July 29th. Wall Street Zen upgraded shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Weiss Ratings restated a “buy (b-)” rating on shares of Acadian Asset Management in a research report on Friday, August 7th. Royal Bank Of Canada raised their target price 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, Evercore set a $84.00 price target on shares of Acadian Asset Management in a report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company 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.