SG Americas Securities LLC Makes New $1.14 Million Investment in Acadian Asset Management Inc. $AAMI

SG Americas Securities LLC acquired a new stake in Acadian Asset Management Inc. (NYSE:AAMI) in the third quarter, Holdings Channel reports. The fund acquired 23,739 shares of the company’s stock, valued at approximately $1,143,000.

Other hedge funds also recently made changes to their positions in the company. Paulson & CO. Inc. acquired a new stake in shares of Acadian Asset Management in the second quarter valued at approximately $315,402,000. Jennison Associates LLC acquired a new position in Acadian Asset Management in the 2nd quarter valued at $73,690,000. Impax Asset Management Group plc acquired a new position in Acadian Asset Management in the 2nd quarter valued at $35,240,000. William Blair Investment Management LLC bought a new stake in shares of Acadian Asset Management during the 2nd quarter valued at $25,094,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Acadian Asset Management during the 2nd quarter worth $22,116,000. 98.69% of the stock is owned by institutional investors.

Acadian Asset Management Trading Down 0.1%

Shares of Acadian Asset Management stock opened at $54.47 on Friday. The firm has a market capitalization of $1.95 billion, a PE ratio of 22.98 and a beta of 1.31. The firm’s 50 day moving average is $47.10 and its 200 day moving average is $45.87. Acadian Asset Management Inc. has a 1 year low of $22.60 and a 1 year high of $55.10.

Acadian Asset Management Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 12th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, December 12th. Acadian Asset Management’s payout ratio is presently 1.69%.

Wall Street Analyst Weigh In

A number of research firms recently commented on AAMI. Zacks Research downgraded Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Evercore ISI set a $52.00 target price on shares of Acadian Asset Management in a report on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Acadian Asset Management in a report on Monday, December 29th. Wall Street Zen lowered shares of Acadian Asset Management from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Morgan Stanley boosted their price objective on shares of Acadian Asset Management from $46.00 to $49.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $47.67.

Acadian Asset Management 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.