EFG International AG Makes New Investment in Acadian Asset Management Inc. $AAMI

EFG International AG acquired a new position in shares of Acadian Asset Management Inc. (NYSE:AAMI) during the 2nd quarter, Holdings Channel reports. The fund acquired 40,664 shares of the company’s stock, valued at approximately $2,913,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC purchased a new position in Acadian Asset Management during the second quarter worth about $31,000. Transamerica Financial Advisors LLC grew its holdings in Acadian Asset Management by 380.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 802 shares of the company’s stock valued at $38,000 after buying an additional 635 shares during the period. Allworth Financial LP acquired a new position in shares of Acadian Asset Management during the 2nd quarter valued at about $49,000. Raymond James Financial Inc. purchased a new position in shares of Acadian Asset Management during the 2nd quarter worth about $61,000. Finally, WealthCollab LLC purchased a new position in shares of Acadian Asset Management during the 2nd quarter worth about $65,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Price Performance

NYSE AAMI opened at $95.87 on Thursday. The firm has a market capitalization of $3.40 billion, a P/E ratio of 33.88 and a beta of 1.30. Acadian Asset Management Inc. has a 1-year low of $41.47 and a 1-year high of $96.00. The business’s 50-day simple moving average is $83.14 and its 200-day simple moving average is $69.64.

Acadian Asset Management (NYSE:AAMI) last issued its earnings results on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.30. The business had revenue of $183.20 million during the quarter. Acadian Asset Management had a return on equity of 189.32% and a net margin of 15.17%. On average, equities research analysts expect that Acadian Asset Management Inc. will post 5.07 EPS for the current fiscal year.

Acadian Asset Management Announces Dividend

The firm 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 dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.4%. The ex-dividend date is Friday, September 11th. Acadian Asset Management’s payout ratio is currently 14.13%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Zacks Research raised shares of Acadian Asset Management from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Wall Street Zen raised shares of Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Royal Bank Of Canada increased their price target on shares of Acadian Asset Management from $72.00 to $80.00 and gave the stock a “sector perform” rating in a research note on Friday, July 31st. Evercore set a $84.00 price target on shares of Acadian Asset Management in a report on Friday, July 10th. Finally, Morgan Stanley set a $81.00 price objective on shares of Acadian Asset Management in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $81.67.

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.