William Blair Investment Management LLC Sells 26,232 Shares of Acadian Asset Management Inc. $AAMI

William Blair Investment Management LLC lessened its holdings in shares of Acadian Asset Management Inc. (NYSE:AAMI) by 9.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 255,086 shares of the company’s stock after selling 26,232 shares during the period. William Blair Investment Management LLC’s holdings in Acadian Asset Management were worth $11,989,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jennison Associates LLC increased its position in shares of Acadian Asset Management by 10.4% in the fourth quarter. Jennison Associates LLC now owns 1,909,222 shares of the company’s stock worth $89,733,000 after purchasing an additional 179,380 shares during the last quarter. Impax Asset Management Group plc raised its stake in Acadian Asset Management by 10.4% in the fourth quarter. Impax Asset Management Group plc now owns 845,451 shares of the company’s stock valued at $39,736,000 after purchasing an additional 79,967 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Acadian Asset Management by 1.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 619,344 shares of the company’s stock valued at $29,828,000 after purchasing an additional 8,365 shares during the last quarter. North Reef Capital Management LP grew its stake in Acadian Asset Management by 6.6% in the 3rd quarter. North Reef Capital Management LP now owns 511,452 shares of the company’s stock worth $24,632,000 after buying an additional 31,452 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Acadian Asset Management by 72.1% in the 3rd quarter. Invesco Ltd. now owns 420,414 shares of the company’s stock worth $20,247,000 after buying an additional 176,144 shares in the last quarter. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Insiders Place Their Bets

In other Acadian Asset Management news, CAO Richard Jonathan Hart sold 100,000 shares of the company’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $66.97, for a total transaction of $6,697,000.00. Following the completion of the sale, the chief accounting officer directly owned 73,863 shares in the company, valued at $4,946,605.11. This represents a 57.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 22.60% of the stock is owned by corporate insiders.

Acadian Asset Management Price Performance

Shares of NYSE AAMI opened at $71.97 on Tuesday. The stock has a market capitalization of $2.56 billion, a P/E ratio of 30.63 and a beta of 1.33. Acadian Asset Management Inc. has a one year low of $28.98 and a one year high of $74.52. The firm’s 50 day simple moving average is $62.38 and its two-hundred day simple moving average is $54.11.

Acadian Asset Management (NYSE:AAMI) last announced its quarterly earnings data on Thursday, April 30th. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.11. Acadian Asset Management had a net margin of 13.78% and a return on equity of 185.73%. The firm had revenue of $165.00 million during the quarter. As a group, equities analysts expect that Acadian Asset Management Inc. will post 4.84 earnings per share for the current fiscal year.

Acadian Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Shareholders of record on Friday, June 12th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $0.40 annualized dividend and a yield of 0.6%. Acadian Asset Management’s payout ratio is currently 17.02%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Evercore set a $60.00 price objective on shares of Acadian Asset Management in a research report on Friday, April 10th. Morgan Stanley upped their target price on shares of Acadian Asset Management from $54.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $66.00 target price on shares of Acadian Asset Management in a research note on Wednesday, May 20th. Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings lowered Acadian Asset Management from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $62.00.

Acadian Asset Management Company 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.