UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Holdings in Acadian Asset Management Inc. $AAMI

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Acadian Asset Management Inc. (NYSE:AAMI) by 53.5% in the second quarter, Holdings Channel reports. The fund owned 103,504 shares of the company’s stock after buying an additional 36,083 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Acadian Asset Management were worth $7,403,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AAMI. Paulson & CO. Inc. purchased a new position in shares of Acadian Asset Management in the second quarter valued at $417,912,000. BlackRock Inc. purchased a new stake in Acadian Asset Management during the second quarter valued at $320,877,000. Jennison Associates LLC lifted its position in Acadian Asset Management by 5.9% during the first quarter. Jennison Associates LLC now owns 2,022,207 shares of the company’s stock valued at $110,049,000 after purchasing an additional 112,985 shares during the last quarter. State Street Corp lifted its position in Acadian Asset Management by 0.5% during the fourth quarter. State Street Corp now owns 1,206,244 shares of the company’s stock valued at $56,693,000 after purchasing an additional 5,541 shares during the last quarter. Finally, Soros Fund Management LLC grew its stake in shares of Acadian Asset Management by 61.3% in the 4th quarter. Soros Fund Management LLC now owns 737,367 shares of the company’s stock worth $34,656,000 after buying an additional 280,239 shares in the last quarter. 98.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AAMI shares. 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 report on Friday, July 31st. Morgan Stanley set a $81.00 price target on Acadian Asset Management in a research report on Wednesday, July 29th. Zacks Research cut Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Evercore set a $84.00 price objective on Acadian Asset Management in a research report on Friday, July 10th. Finally, Weiss Ratings raised Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. One equities research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $81.67.

Acadian Asset Management Trading Down 0.0%

Shares of AAMI opened at $93.54 on Tuesday. Acadian Asset Management Inc. has a twelve month low of $41.47 and a twelve month high of $98.52. The company has a market cap of $3.32 billion, a P/E ratio of 33.05 and a beta of 1.30. The company’s fifty day simple moving average is $86.46 and its 200-day simple moving average is $71.98.

Acadian Asset Management (NYSE:AAMI) last released its earnings results on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.30. Acadian Asset Management had a net margin of 15.17% and a return on equity of 189.32%. The firm had revenue of $183.20 million during the quarter. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Friday, September 11th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $0.40 annualized dividend and a yield of 0.4%. Acadian Asset Management’s dividend payout ratio (DPR) 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.