HBK Investments L P Purchases New Position in Acadian Asset Management Inc. $AAMI

HBK Investments L P acquired a new position in shares of Acadian Asset Management Inc. (NYSE:AAMI) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $715,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allworth Financial LP boosted its position in Acadian Asset Management by 57.9% in the second quarter. Allworth Financial LP now owns 682 shares of the company’s stock valued at $49,000 after buying an additional 250 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Acadian Asset Management by 12.5% during the first quarter. PNC Financial Services Group Inc. now owns 3,009 shares of the company’s stock worth $164,000 after buying an additional 334 shares in the last quarter. ANB Bank increased its holdings in shares of Acadian Asset Management by 5.0% during the first quarter. ANB Bank now owns 8,588 shares of the company’s stock worth $467,000 after buying an additional 410 shares in the last quarter. State of Wyoming lifted its stake in shares of Acadian Asset Management by 5.8% in the 4th quarter. State of Wyoming now owns 9,274 shares of the company’s stock valued at $436,000 after acquiring an additional 511 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Acadian Asset Management in the 2nd quarter valued at $38,000. Institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Stock Up 2.1%

AAMI traded up $1.84 during midday trading on Wednesday, hitting $89.32. 539,634 shares of the company were exchanged, compared to its average volume of 382,929. The firm has a market capitalization of $3.17 billion, a P/E ratio of 31.56 and a beta of 1.30. Acadian Asset Management Inc. has a 1-year low of $41.47 and a 1-year high of $98.52. The firm’s 50 day moving average price is $88.40 and its 200-day moving average price is $73.55.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings results on Thursday, July 30th. The company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.30. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%.The company had revenue of $183.20 million during the quarter. On average, sell-side analysts predict that Acadian Asset Management Inc. will post 5.07 earnings per share for the current fiscal 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 issued a $0.10 dividend. The ex-dividend date is Friday, September 11th. This represents a $0.40 annualized dividend and a yield of 0.4%. Acadian Asset Management’s dividend payout ratio is presently 14.13%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Evercore set a $84.00 price objective on Acadian Asset Management in a research report on Friday, July 10th. Royal Bank Of Canada upped their target price on Acadian Asset Management from $72.00 to $80.00 and gave the stock a “sector perform” rating in a report on Friday, July 31st. Zacks Research lowered Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Morgan Stanley set a $81.00 price target on Acadian Asset Management in a research note on Wednesday, July 29th. Finally, Weiss Ratings upgraded Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, August 21st. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $81.67.

Acadian Asset Management Company Profile

Acadian Asset Management Inc is an investment management company that provides systematic, research-driven strategies to institutional and other professional investors. Through its investment management operations, the company uses quantitative models, fundamental research, and technology to analyze global markets and construct portfolios.

Acadian’s offerings include active strategies focused on global, international, emerging-market, and regional equities, as well as alternative and multi-asset solutions.