PDT Partners LLC Takes $2.59 Million Position in Acadian Asset Management Inc. $AAMI

PDT Partners LLC acquired a new stake in shares of Acadian Asset Management Inc. (NYSE:AAMI) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 36,197 shares of the company’s stock, valued at approximately $2,589,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Legal & General Group Plc acquired a new position in Acadian Asset Management in the 2nd quarter valued at about $4,864,000. The Manufacturers Life Insurance Company purchased a new position in Acadian Asset Management during the second quarter worth about $1,060,000. Kendall Capital Management acquired a new stake in Acadian Asset Management in the 2nd quarter worth about $2,431,000. Quantbot Technologies LP acquired a new stake in Acadian Asset Management in the 2nd quarter worth about $67,000. Finally, William Blair Investment Management LLC purchased a new stake in Acadian Asset Management in the 2nd quarter valued at about $14,862,000. Hedge funds and other institutional investors own 98.69% of the company’s stock.

Acadian Asset Management Stock Performance

AAMI opened at $95.87 on Thursday. Acadian Asset Management Inc. has a 1 year low of $41.47 and a 1 year high of $96.00. The firm has a 50 day moving average price of $83.14 and a 200 day moving average price of $69.64. The company has a market cap of $3.40 billion, a PE ratio of 33.88 and a beta of 1.30.

Acadian Asset Management (NYSE:AAMI) last released its quarterly earnings data 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 company had revenue of $183.20 million during the quarter. On average, sell-side analysts predict that Acadian Asset Management Inc. will post 5.07 earnings per share for the current year.

Acadian Asset Management Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 11th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Friday, September 11th. Acadian Asset Management’s dividend payout ratio is 14.13%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Royal Bank Of Canada upped their price objective on shares of Acadian Asset Management from $72.00 to $80.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. Evercore set a $84.00 target price on shares of Acadian Asset Management in a report on Friday, July 10th. Morgan Stanley set a $81.00 price target on shares of Acadian Asset Management in a research note on Wednesday, July 29th. Weiss Ratings raised shares of Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Finally, Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.67.

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.