Paulson & CO. Inc. Purchases New Holdings in Acadian Asset Management Inc. $AAMI

Paulson & CO. Inc. purchased a new stake in Acadian Asset Management Inc. (NYSE:AAMI) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 5,843,282 shares of the company’s stock, valued at approximately $417,912,000. Acadian Asset Management accounts for approximately 16.2% of Paulson & CO. Inc.’s portfolio, making the stock its 3rd biggest holding. Paulson & CO. Inc. owned about 0.16% of Acadian Asset Management as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC bought a new position in Acadian Asset Management during the second quarter worth about $31,000. Transamerica Financial Advisors LLC grew its stake in Acadian Asset Management by 380.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after buying an additional 635 shares during the last quarter. Allworth Financial LP acquired a new position in shares of Acadian Asset Management in the second quarter valued at approximately $49,000. Raymond James Financial Inc. bought a new stake in Acadian Asset Management in the 2nd quarter valued at about $61,000. Finally, WealthCollab LLC bought a new stake in shares of Acadian Asset Management in the second quarter valued at approximately $65,000. 98.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AAMI shares. Zacks Research upgraded shares of Acadian Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. 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. Royal Bank Of Canada boosted their target price on shares of Acadian Asset Management from $72.00 to $80.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. Weiss Ratings upgraded Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday. Finally, Morgan Stanley set a $81.00 price objective on Acadian Asset Management in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.67.

Acadian Asset Management Price Performance

AAMI opened at $93.66 on Wednesday. Acadian Asset Management Inc. has a fifty-two week low of $41.47 and a fifty-two week high of $94.11. The company’s 50 day moving average price is $82.88 and its two-hundred day moving average price is $69.31. The firm has a market capitalization of $3.32 billion, a price-to-earnings ratio of 33.09 and a beta of 1.30.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings results on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.30. The firm had revenue of $183.20 million during the quarter. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. As a group, equities research analysts predict that Acadian Asset Management Inc. will post 5.07 EPS 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. Investors 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 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%.

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.