Latigo Investments LLC Acquires Shares of 214,134 Acadian Asset Management Inc. $AAMI

Latigo Investments LLC acquired a new stake in Acadian Asset Management Inc. (NYSE:AAMI) in the second quarter, Holdings Channel.com reports. The firm acquired 214,134 shares of the company’s stock, valued at approximately $6,460,000. Acadian Asset Management makes up approximately 2.9% of Latigo Investments LLC’s portfolio, making the stock its 7th biggest holding.

Several other large investors have also made changes to their positions in the business. Lido Advisors LLC grew its stake in Acadian Asset Management by 3.5% in the 4th quarter. Lido Advisors LLC now owns 8,922 shares of the company’s stock valued at $427,000 after acquiring an additional 298 shares during the period. PNC Financial Services Group Inc. raised its position in 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 acquiring an additional 334 shares during the period. ANB Bank lifted its holdings in Acadian Asset Management by 5.0% during the first quarter. ANB Bank now owns 8,588 shares of the company’s stock valued at $467,000 after purchasing an additional 410 shares in the last quarter. Susquehanna Fundamental Investments LLC lifted its holdings in Acadian Asset Management by 3.2% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 14,508 shares of the company’s stock valued at $682,000 after purchasing an additional 450 shares in the last quarter. Finally, Polymer Capital Management US LLC grew its position in shares of Acadian Asset Management by 6.2% in the fourth quarter. Polymer Capital Management US LLC now owns 7,871 shares of the company’s stock valued at $370,000 after purchasing an additional 459 shares during the period. 98.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Acadian Asset Management in a research note on Friday, August 7th. Zacks Research upgraded Acadian Asset Management from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research note on Sunday, May 10th. Evercore set a $84.00 target price on Acadian Asset Management in a report on Friday, July 10th. Finally, Royal Bank Of Canada raised their target price on Acadian Asset Management from $72.00 to $80.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $81.67.

Acadian Asset Management Stock Up 0.2%

Acadian Asset Management stock opened at $92.67 on Monday. Acadian Asset Management Inc. has a 52-week low of $41.47 and a 52-week high of $93.82. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 32.74 and a beta of 1.30. The company has a fifty day simple moving average of $81.00 and a 200-day simple moving average of $67.46.

Acadian Asset Management (NYSE:AAMI) last posted 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. The firm had revenue of $183.20 million for the quarter. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. On average, research analysts anticipate that Acadian Asset Management Inc. will post 5.07 EPS for the current fiscal year.

Acadian Asset Management Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders 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 dividend on an annualized basis and a yield of 0.4%. Acadian Asset Management’s dividend payout ratio is presently 14.13%.

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.