New York State Teachers Retirement System Takes Position in Acadian Asset Management Inc. $AAMI

New York State Teachers Retirement System purchased a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,358 shares of the company’s stock, valued at approximately $506,000.

Several other institutional investors have also recently made changes to their positions in AAMI. Exchange Traded Concepts LLC purchased a new position in shares of Acadian Asset Management during the second quarter valued at $1,882,000. GAMMA Investing LLC purchased a new position in shares of Acadian Asset Management during the second quarter valued at $37,000. Public Employees Retirement System of Ohio purchased a new position in shares of Acadian Asset Management during the second quarter valued at $44,000. State of Alaska Department of Revenue purchased a new position in shares of Acadian Asset Management during the second quarter valued at $562,000. Finally, Kendall Capital Management purchased a new position in shares of Acadian Asset Management during the second quarter valued at $357,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Stock Performance

Shares of AAMI stock opened at $47.18 on Thursday. Acadian Asset Management Inc. has a fifty-two week low of $22.60 and a fifty-two week high of $51.65. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 19.66 and a beta of 1.39. The stock’s 50-day simple moving average is $47.60 and its 200-day simple moving average is $38.04.

Acadian Asset Management (NYSE:AAMI) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.12. Acadian Asset Management had a return on equity of 174.31% and a net margin of 16.65%.The business had revenue of $124.90 million for the quarter, compared to analyst estimates of $118.07 million. As a group, equities analysts forecast that Acadian Asset Management Inc. will post 2.78 earnings per share for the current year.

Acadian Asset Management Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Investors of record on Friday, September 12th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. Acadian Asset Management’s payout ratio is 1.67%.

Analysts Set New Price Targets

Several equities analysts have issued reports on AAMI shares. Evercore ISI reiterated a “positive” rating on shares of Acadian Asset Management in a research note on Friday, September 5th. Morgan Stanley reiterated a “positive” rating on shares of Acadian Asset Management in a research note on Monday, October 6th. Zacks Research lowered Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Acadian Asset Management in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada lifted their target price on Acadian Asset Management from $34.00 to $42.00 and gave the company a “sector perform” rating in a research note on Friday, August 1st. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.33.

Acadian Asset Management Profile

Acadian Asset Management Inc is a publically owned asset management holding company. The firm provides its services to individuals and institutions. It manages separate client focused portfolios through its subsidiaries. The firm also launches equity mutual funds for its clients. It invests in public equity, fixed income, and alternative investment markets through its subsidiaries.