Intech Investment Management LLC Invests $400,000 in Acadian Asset Management Inc. $AAMI

Intech Investment Management LLC bought a new stake in Acadian Asset Management Inc. (NYSE:AAMI) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 11,348 shares of the company’s stock, valued at approximately $400,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jennison Associates LLC purchased a new stake in Acadian Asset Management in the second quarter valued at $73,690,000. Impax Asset Management Group plc acquired a new stake in shares of Acadian Asset Management during the second quarter worth about $35,240,000. William Blair Investment Management LLC purchased a new stake in shares of Acadian Asset Management in the 2nd quarter valued at about $25,094,000. Geode Capital Management LLC acquired a new stake in shares of Acadian Asset Management in the 2nd quarter valued at about $22,116,000. Finally, Bank of New York Mellon Corp purchased a new position in Acadian Asset Management during the 2nd quarter worth approximately $7,937,000. 98.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AAMI shares. Morgan Stanley reiterated a “positive” rating on shares of Acadian Asset Management in a research note on Monday, October 6th. Wall Street Zen downgraded shares of Acadian Asset Management from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Evercore ISI set a $52.00 price target on shares of Acadian Asset Management in a research note on Thursday, November 6th. Zacks Research lowered shares of Acadian Asset Management from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Acadian Asset Management in a report on Monday, November 24th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.67.

Acadian Asset Management Price Performance

NYSE:AAMI opened at $44.84 on Friday. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 18.92 and a beta of 1.42. The firm’s fifty day moving average price is $45.96 and its 200 day moving average price is $41.65. Acadian Asset Management Inc. has a 1-year low of $22.60 and a 1-year high of $54.99.

Acadian Asset Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 24th. Stockholders of record on Friday, December 12th will be 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 is Friday, December 12th. Acadian Asset Management’s payout ratio is 1.69%.

About Acadian Asset Management

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.