7,971 Shares in Acadian Asset Management Inc. $AAMI Bought by Navellier & Associates Inc.

Navellier & Associates Inc. bought a new position in Acadian Asset Management Inc. (NYSE:AAMI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 7,971 shares of the company’s stock, valued at approximately $570,000.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AAMI shares. Morgan Stanley set a $81.00 price target on Acadian Asset Management in a report on Wednesday, July 29th. Wall Street Zen upgraded Acadian Asset Management from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 10th. Weiss Ratings raised Acadian Asset Management from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 21st. Evercore set a $84.00 price target on Acadian Asset Management in a research report on Friday, July 10th. Finally, Royal Bank Of Canada increased their price target on 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. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Acadian Asset Management currently has an average rating of “Hold” and an average target price of $81.67.

Acadian Asset Management Trading Down 1.6%

AAMI stock opened at $95.75 on Friday. The firm’s 50-day moving average is $83.99 and its two-hundred day moving average is $70.15. The company has a market capitalization of $3.40 billion, a price-to-earnings ratio of 33.83 and a beta of 1.30. Acadian Asset Management Inc. has a 52 week low of $41.47 and a 52 week high of $98.52.

Acadian Asset Management (NYSE:AAMI) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.33 earnings per share (EPS) for the quarter, beating 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 business had revenue of $183.20 million during the quarter. On average, equities research analysts predict that Acadian Asset Management Inc. will post 5.07 earnings per share for the current year.

Acadian Asset Management Dividend Announcement

The company also recently declared 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 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 (DPR) is presently 14.13%.

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.